Japan: Electric Hair Dryer Market 2024

Electric Hair Dryer Market Size in Japan

In 2021, the Japanese electric hair dryer market decreased by -1.4% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, showed a strong expansion. Over the period under review, the market hit record highs at $X in 2020, and then contracted slightly in the following year.

Electric Hair Dryer Production in Japan

In value terms, electric hair dryer production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 869%. Electric hair dryer production peaked at $X in 2020, and then declined in the following year.

Electric Hair Dryer Exports

Exports from Japan

In 2021, overseas shipments of electric hair dryers increased by 1.3% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 42%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electric hair dryer exports totaled $X in 2021. Over the period under review, exports, however, faced a deep setback. The pace of growth was the most pronounced in 2018 when exports increased by 44% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for electric hair dryer exports from Japan, accounting for a 53% share of total exports. Moreover, electric hair dryer exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by China (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) totaled +43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.9% per year) and China (+33.0% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for electric hair dryers exports from Japan, comprising 29% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) totaled +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+36.8% per year) and the United States (-8.2% per year).

Export Prices by Country

The average electric hair dryer export price stood at $X per unit in 2021, picking up by 6% against the previous year. In general, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 54%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to the United Arab Emirates ($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 China (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Hair Dryer Imports

Imports into Japan

In 2021, overseas purchases of electric hair dryers decreased by -4.9% to X units, falling for the fifth year in a row after two years of growth. Over the period under review, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 45%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric hair dryer imports rose significantly to $X in 2021. In general, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 33%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Thailand (X units) and the Philippines (X units) were the main suppliers of electric hair dryer imports to Japan, together accounting for 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +110.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Thailand ($X) and the Philippines ($X) constituted the largest electric hair dryer suppliers to Japan, together accounting for 93% of total imports.

In terms of the main suppliers, the Philippines, with a CAGR of +139.5%, saw 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 electric hair dryer import price amounted to $X per unit, increasing by 15% against the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric hair dryer import price increased by +89.5% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the Philippines ($X per unit) and Thailand ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :