Japan: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Japan

The Japanese market for flexible tubes, pipes and hoses of plastics, with fittings contracted to $X in 2022, which is down by -5.9% against the previous year. Over the period under review, consumption, however, posted strong growth. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Japan

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings contracted to $X in 2022 estimated in export price. Overall, production, however, posted prominent growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 48%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Japan

In 2022, the amount of flexible tubes, pipes and hoses of plastics, with fittings exported from Japan expanded markedly to X tons, with an increase of 9.3% against 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 37%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings expanded markedly to $X in 2022. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 53% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons), China (X tons) and the United States (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, with fittings from Japan, with a combined 70% share of total exports. Taiwan (Chinese), Vietnam, the Netherlands, Singapore, the UK, Hong Kong SAR, Indonesia and Malaysia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +38.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flexible tubes, pipes and hoses of plastics, with fittings exported from Japan were the United States ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 71% of total exports. Thailand, Singapore, the Netherlands, Vietnam, Malaysia, the UK, Indonesia and Hong Kong SAR lagged somewhat behind, together comprising a further 17%.

Singapore, with a CAGR of +26.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, with fittings amounted to $X per ton, surging by 1.7% against the previous year. Overall, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2016 an increase of 42%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the UK ($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 Malaysia (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Japan

In 2022, after three years of growth, there was decline in overseas purchases of flexible tubes, pipes and hoses of plastics, with fittings, when their volume decreased by -3.8% to X tons. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 19%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings rose significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 20% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, with fittings supplier to Japan, with a 61% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with fittings from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Indonesia (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-5.3% per year) and Indonesia (+40.2% per year).

In value terms, China ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with fittings to Japan, comprising 32% of total imports. The second position in the ranking was taken by Singapore ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+75.2% per year) and Taiwan (Chinese) (-1.6% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, increasing by 9.8% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flexible tubes, pipes and hoses of plastics, with fittings increased by +81.5% against 2012 indices. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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