Japan: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Japan

In 2022, the Japanese non-electric motor handtools market decreased by -2.3% to $X, falling for the second consecutive year after four years of growth. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.6% against 2020 indices. Non-electric motor handtools consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Electric Motor Handtools Production in Japan

In value terms, non-electric motor handtools production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 19%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Electric Motor Handtools Exports

Exports from Japan

In 2022, approx. X units of handtools, hydraulic or with a self-contained non-electric motor were exported from Japan; dropping by -3.1% on 2021 figures. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-electric motor handtools exports dropped to $X in 2022. In general, exports showed a deep slump. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-electric motor handtools exports from Japan, accounting for a 29% share of total exports. Moreover, non-electric motor handtools exports to the United States exceeded the volume sent to the second major destination, France (X units), threefold. South Korea (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.1% per year) and South Korea (+0.4% per year).

In value terms, the United States ($X) remains the key foreign market for handtools, hydraulic or with a self-contained non-electric motor exports from Japan, comprising 29% of total exports. The second position in the ranking was taken by France ($X), with a 9.8% share of total exports. It was followed by South Korea, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.7% per year) and South Korea (-0.3% per year).

Export Prices by Country

The average non-electric motor handtools export price stood at $X per unit in 2022, waning by -8.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 32% against the previous year. The export price peaked at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($X per unit) and the UK ($X per unit), while the average price for exports to Russia ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Japan

In 2022, non-electric motor handtools imports into Japan dropped to X units, with a decrease of -12.4% on the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 49% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-electric motor handtools imports declined markedly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 44% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Thailand (X units) and the United States (X units) were the main suppliers of non-electric motor handtools imports to Japan, with a combined 74% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +30.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric motor handtools suppliers to Japan were China ($X), Thailand ($X) and the United States ($X), together comprising 74% of total imports.

Among the main suppliers, Thailand, with a CAGR of +25.0%, saw the highest rates of growth with regard to 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

The average non-electric motor handtools import price stood at $X per unit in 2022, declining by -6.8% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average import price decreased by -3.5%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and the United States ($X per unit), while the price for Germany ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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