Japan: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Japan

The Japanese hydraulic cylinder and system market contracted rapidly to $X in 2022, waning by -26.5% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Hydraulic Cylinders And Systems in Japan

In value terms, hydraulic cylinder and system production fell to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 when the production volume increased by 55% against the previous year. Hydraulic cylinder and system production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Hydraulic Cylinders And Systems

Exports from Japan

In 2022, shipments abroad of hydraulic cylinders and systems increased by 19% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hydraulic cylinder and system exports rose remarkably to $X in 2022. Over the period under review, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), China (X units) and Brazil (X units) were the main destinations of hydraulic cylinder and system exports from Japan, together comprising 59% of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +17.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Brazil ($X) were the largest markets for hydraulic cylinder and system exported from Japan worldwide, with a combined 60% share of total exports.

In terms of the main countries of destination, Brazil, with a CAGR of +11.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hydraulic cylinder and system export price stood at $X per thousand units in 2022, which is down by -10.1% against the previous year. Over the period under review, the export price saw a slight setback. The pace of growth appeared the most rapid in 2020 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per thousand units. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per thousand units), while the average price for exports to Germany ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hydraulic Cylinders And Systems

Imports into Japan

In 2022, the amount of hydraulic cylinders and systems imported into Japan contracted slightly to X units, standing approx. at the previous year's figure. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46%. As a result, imports reached the peak of X units, and then fell modestly in the following year.

In value terms, hydraulic cylinder and system imports reduced to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

China (X units), South Korea (X units) and India (X units) were the main suppliers of hydraulic cylinder and system imports to Japan, together accounting for 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +18.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and India ($X) constituted the largest hydraulic cylinder and system suppliers to Japan, together accounting for 72% of total imports.

Among the main suppliers, China, with a CAGR of +14.4%, 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 hydraulic cylinder and system import price stood at $X per thousand units in 2022, reducing by -1.7% against the previous year. Over the period under review, the import price recorded a pronounced decrease. The pace of growth was the most pronounced in 2016 an increase of 14% against the previous year. The import price peaked at $X per thousand units in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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