Japan: Check Valve Market 2024

Check Valve Market Size in Japan

In 2021, the Japanese check valve market decreased by -32.4% to $X for the first time since 2014, thus ending a six-year rising trend. Overall, consumption, however, saw resilient growth. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Check Valve Production in Japan

In value terms, check valve production contracted remarkably to $X in 2021 estimated in export price. In general, production, however, showed prominent growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 174%. As a result, production reached the peak level of $X, and then plummeted in the following year.

Check Valve Exports

Exports from Japan

In 2021, shipments abroad of check valves for pipes, boiler shells, tanks and vats increased by 19% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a mild descent. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, check valve exports rose significantly to $X in 2021. In general, exports, however, recorded a mild descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units), the United States (X units) and Thailand (X units) were the main destinations of check valve exports from Japan, with a combined 58% share of total exports. These countries were followed by Indonesia, Taiwan (Chinese), South Korea, the Philippines, India, Germany, the Czech Republic, Vietnam, Malaysia and the United Arab Emirates, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +41.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for check valve exported from Japan were China ($X), the United States ($X) and Thailand ($X), with a combined 65% share of total exports. These countries were followed by Indonesia, Taiwan (Chinese), South Korea, India, Germany, the Czech Republic, the Philippines, Malaysia, Vietnam and the United Arab Emirates, which together accounted for a further 23%.

Among the main countries of destination, the Czech Republic, with a CAGR of +28.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, falling by -3.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell slightly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Japan

In 2021, imports of check valves for pipes, boiler shells, tanks and vats into Japan rose sharply to X units, surging by 5.7% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 11% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, check valve imports shrank to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 37% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of check valve to Japan, accounting for a 51% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. South Korea (X units) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+10.3% per year) and South Korea (-4.1% per year).

In value terms, the United States ($X), China ($X) and Thailand ($X) appeared to be the largest check valve suppliers to Japan, together comprising 64% of total imports.

Thailand, with a CAGR of +10.6%, saw the highest growth rate of the value of imports, in terms of 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 check valve import price stood at $X per unit in 2021, waning by -8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 31%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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