Japan: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Japan

For the third year in a row, the Japanese electric soldering iron market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed a buoyant expansion. Electric soldering iron consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Electric Soldering Iron Production in Japan

In value terms, electric soldering iron production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by X,500% against the previous year. Electric soldering iron production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Electric Soldering Iron Exports

Exports from Japan

After two years of growth, shipments abroad of electric soldering irons and guns decreased by X% to X units in 2022. Overall, exports saw a slight decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electric soldering iron exports plummeted to $X in 2022. Over the period under review, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for electric soldering iron exports from Japan, accounting for a X% share of total exports. Moreover, electric soldering iron exports to the United States exceeded the volume sent to the second major destination, India (X units), threefold. South Korea (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

In value terms, the United States ($X) remains the key foreign market for electric soldering irons and guns exports from Japan, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the average electric soldering iron export price amounted to $X per unit, declining by X% against the previous year. In general, the export price continues to indicate a mild descent. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

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

Electric Soldering Iron Imports

Imports into Japan

In 2022, supplies from abroad of electric soldering irons and guns increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, electric soldering iron imports expanded rapidly to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Malaysia (X units) and Taiwan (Chinese) (X units) were the main suppliers of electric soldering iron imports to Japan, together accounting for X% of total imports. Spain, Mexico and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest electric soldering iron suppliers to Japan were China ($X), Malaysia ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. Spain, Mexico and Germany lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to 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 electric soldering iron import price stood at $X per unit in 2022, approximately equating the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per unit) and China ($X per unit), while the price for Germany ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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