Japan: Vapour Power Unit Market 2025

Vapour Power Unit Market Size in Japan

The Japanese vapour power unit market shrank remarkably to $X in 2021, waning by -25.4% against the previous year. Overall, consumption, however, recorded significant growth. Vapour power unit consumption peaked at $X in 2020, and then fell dramatically in the following year.

Vapour Power Unit Production in Japan

In value terms, vapour power unit production stood at $X in 2021 estimated in export price. Overall, production, however, showed a abrupt descent. The growth pace was the most rapid in 2018 when the production volume increased by 4.3% against the previous year. Vapour power unit production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Vapour Power Unit Exports

Exports from Japan

In 2021, approx. X tons of condensers for steam or other vapour power units were exported from Japan; surging by 64% against the previous year. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 415% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vapour power unit exports surged to $X in 2021. Overall, exports, however, continue to indicate a precipitous slump. The growth pace was the most rapid in 2019 when exports increased by 406%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for vapour power unit exports from Japan, accounting for a 76% share of total exports. Moreover, vapour power unit exports to China exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. South Korea (X tons) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-20.4% per year) and South Korea (-5.7% per year).

In value terms, China ($X) remains the key foreign market for vapour power unit exports from Japan, comprising 66% of total exports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total exports. It was followed by South Korea, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to China totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-21.0% per year) and South Korea (-2.9% per year).

Export Prices by Country

The average vapour power unit export price stood at $X per ton in 2021, with a decrease of -7.7% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 7.7%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.

Vapour Power Unit Imports

Imports into Japan

In 2021, imports of condensers for steam or other vapour power units into Japan fell sharply to X tons, which is down by -24.3% on the year before. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 362%. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, vapour power unit imports contracted dramatically to $X in 2021. In general, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by 335%. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of vapour power unit imports to Japan, together accounting for 100% of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +25.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vapour power unit suppliers to Japan were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 100% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +16.2%, recorded the highest growth rate of 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 2021, the average vapour power unit import price amounted to $X per ton, shrinking by -15.2% against the previous year. Overall, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+13.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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