Japan: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Japan

In 2021, the Japanese glass electrical insulator market was finally on the rise to reach $X after six years of decline. In general, consumption, however, recorded a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Glass Electrical Insulator Production in Japan

In value terms, glass electrical insulator production rose sharply to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of 109% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Glass Electrical Insulator Exports

Exports from Japan

In 2021, overseas shipments of glass electrical insulators increased by 445% to X units, rising for the second year in a row after four years of decline. In general, exports, however, saw a precipitous decline. The pace of growth was the most pronounced in 2015 when exports increased by 12,017% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, glass electrical insulator exports soared to $X in 2021. Overall, exports, however, faced a deep setback. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units), the United States (X units) and Hong Kong SAR (X units) were the main destinations of glass electrical insulator exports from Japan, with a combined 75% share of total exports. Indonesia, Taiwan (Chinese), the Philippines and Singapore lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +34.6%), while shipments for the other leaders experienced mixed trend patterns.

It was followed by the Philippines, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.2% per year) and the Philippines (+28.0% per year).

Export Prices by Country

The average glass electrical insulator export price stood at $X per unit in 2021, jumping by 74% against the previous year. Overall, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2016 an increase of 3,292% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Indonesia (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Electrical Insulator Imports

Imports into Japan

In 2021, the amount of glass electrical insulators imported into Japan reduced sharply to X units, with a decrease of -55.2% against 2020. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2020 with an increase of 153%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, glass electrical insulator imports contracted rapidly to $X in 2021. Over the period under review, imports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 195% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of glass electrical insulator to Japan, accounting for a 68% share of total imports. Moreover, glass electrical insulator imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest.

In value terms, Germany ($X) constituted the largest supplier of glass electrical insulators to Japan, comprising 69% of total imports. The second position in the ranking was taken by the United States ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -19.5%.

Import Prices by Country

In 2021, the average glass electrical insulator import price amounted to $X per unit, flattening at the previous year. In general, the import price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 122%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+28.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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