Japan: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2025

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Japan

The Japanese market for central heating boilers, for producing hot water or low pressure steam expanded markedly to $X in 2022, surging by 8.7% against the previous year. Over the period under review, consumption, however, showed a mild contraction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Japan

In value terms, production of central heating boilers, for producing hot water or low pressure steam amounted to $X in 2022 estimated in export price. In general, production, however, recorded a slight decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 50%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports from Japan

In 2022, approx. X units of central heating boilers, for producing hot water or low pressure steam were exported from Japan; jumping by 132% on the previous year's figure. Overall, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 442% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam surged to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 726% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Japan, accounting for a 90% share of total exports. Moreover, exports of central heating boilers, for producing hot water or low pressure steam to the United States exceeded the volume sent to the second major destination, China (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +91.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+102.1% per year) and Bahamas (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from Japan, comprising 93% of total exports. The second position in the ranking was held by China ($X), with a 6.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +86.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+101.5% per year) and Bahamas (0.0% per year).

Export Prices by Country

In 2022, the average export price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, rising by 5.6% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2014 when the average export price increased by 340%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Bahamas ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.8%), while the prices for the other major destinations experienced a decline.

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports into Japan

In 2022, supplies from abroad of central heating boilers, for producing hot water or low pressure steam decreased by -6.2% to X units, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 42%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam reduced to $X in 2022. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Switzerland (X units), Austria (X units) and Italy (X units) were the main suppliers of imports of central heating boilers, for producing hot water or low pressure steam to Japan, together comprising 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +40.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Austria ($X) and Sweden ($X) constituted the largest central heating boilers, for producing hot water or low pressure steam suppliers to Japan, together comprising 79% of total imports.

Austria, with a CAGR of +41.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2022, declining by -1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2013 when the average import price increased by 18% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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