Japan: Shaft Coupling Market 2024

Shaft Coupling Market Size in Japan

The Japanese shaft coupling market stood at $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Shaft coupling consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Shaft Coupling Production in Japan

In value terms, shaft coupling production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 12%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Shaft Coupling Exports

Exports from Japan

In 2022, approx. X tons of clutches and shaft couplings were exported from Japan; falling by -6.4% on 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, shaft coupling exports contracted to $X in 2022. Over the period under review, exports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 19%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for shaft coupling exports from Japan, with a 27% share of total exports. Moreover, shaft coupling exports to the United States exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by Mexico (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-2.5% per year) and Mexico (+29.3% per year).

In value terms, the largest markets for shaft coupling exported from Japan were the United States ($X), China ($X) and South Korea ($X), together comprising 51% of total exports. Thailand, Taiwan (Chinese), Mexico, Indonesia, Germany, the United Arab Emirates, Australia, Malaysia, Brazil and France lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, France, with a CAGR of +16.3%, 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

The average shaft coupling export price stood at $X per ton in 2022, waning by -5.3% against the previous year. Over the period under review, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 17%. The export price peaked at $X per ton in 2012; however, from 2013 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 South Korea ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Japan

In 2022, the amount of clutches and shaft couplings imported into Japan reduced modestly to X tons, which is down by -3.8% against 2021 figures. Over the period under review, imports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports contracted slightly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 5.5% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of shaft coupling imports to Japan, with a combined 60% share of total imports. Canada, Thailand, Taiwan (Chinese), Austria, the United States, Sweden and Israel lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +19.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) constituted the largest shaft coupling suppliers to Japan, together comprising 50% of total imports. Canada, South Korea, Thailand, Taiwan (Chinese), Austria, Sweden and Israel lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Thailand, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average shaft coupling import price amounted to $X per ton, increasing by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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