Japan: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Japan

The Japanese market for electro-thermic appliances or domestic purposes declined dramatically to $X in 2021, with a decrease of -15.2% against the previous year. Overall, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.0% against 2015 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell markedly in the following year.

Production of Electro-Thermic Appliances Or Domestic Purposes in Japan

In value terms, electro-thermic appliances or domestic purposes production fell to $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.1% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Japan

In 2021, approx. X units of electro-thermic appliances or domestic purposes were exported from Japan; jumping by 160% against the previous year's figure. Overall, exports, however, showed a noticeable slump. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electro-thermic appliances or domestic purposes exports skyrocketed to $X in 2021. Over the period under review, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Japan, accounting for a 51% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Hong Kong SAR exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), twofold. The United States (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+16.0% per year) and the United States (+9.8% per year).

In value terms, the largest markets for electro-thermic appliances or domestic purposes exported from Japan were China ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 82% share of total exports. Hong Kong SAR, Vietnam, Singapore, Thailand and the United Arab Emirates lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Vietnam, with a CAGR of +91.3%, saw 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 export price for electro-thermic appliances or domestic purposes amounted to $X per unit, declining by -14.7% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of 87%. The export price peaked at $X per unit in 2020, and then dropped in the following year.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Hong Kong SAR ($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 China (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Japan

In 2021, approx. X units of electro-thermic appliances or domestic purposes were imported into Japan; flattening at the previous year. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 19%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electro-thermic appliances or domestic purposes imports surged to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main electro-thermic appliances or domestic purposes supplier to Japan, accounting for a 96% share of total imports. It was followed by Thailand (X units), with a 0.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-23.2% per year) and Hong Kong SAR (-49.2% per year).

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Japan, comprising 96% of total imports. The second position in the ranking was taken by Thailand ($X), with a 0.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-21.9% per year) and Hong Kong SAR (-48.9% per year).

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, surging by 35% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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