Japan: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Japan

The Japanese hydraulic jack market contracted to $X in 2022, with a decrease of -7.7% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.7% against 2020 indices. Hydraulic jack consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hydraulic Jack Production in Japan

In value terms, hydraulic jack production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 66%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Hydraulic Jack Exports

Exports from Japan

In 2022, approx. X units of hydraulic jacks and hoists for raising vehicles were exported from Japan; with a decrease of -4.4% against 2021 figures. Over the period under review, exports saw a perceptible reduction. The pace of growth appeared the most rapid in 2016 with an increase of 8.5%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hydraulic jack exports reduced modestly to $X in 2022. In general, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of 8% 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), Bangladesh (X units) and the Philippines (X units) were the main destinations of hydraulic jack exports from Japan, with a combined 28% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +76.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Bangladesh ($X) and the Philippines ($X) appeared to be the largest markets for hydraulic jack exported from Japan worldwide, with a combined 29% share of total exports.

Bangladesh, with a CAGR of +79.8%, recorded the highest rates of growth with regard to 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 hydraulic jack export price amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 2.4% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Bangladesh ($X per unit), while the average price for exports to Singapore ($X per unit) and Indonesia ($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 Bangladesh (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into Japan

In 2022, the amount of hydraulic jacks and hoists for raising vehicles imported into Japan reduced modestly to X units, dropping by -1.7% on the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 83% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, hydraulic jack imports expanded slightly to $X in 2022. Overall, imports, however, showed tangible growth. The pace of growth was the most pronounced in 2016 with an increase of 87% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic jack to Japan, accounting for a 71% share of total imports. Moreover, hydraulic jack imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.0% per year) and Taiwan (Chinese) (+0.9% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to Japan, comprising 71% of total imports. The second position in the ranking was held by the United States ($X), with an 8.3% share of total imports. It was followed by Taiwan (Chinese), with an 8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.5% per year) and Taiwan (Chinese) (+3.4% per year).

Import Prices by Country

In 2022, the average hydraulic jack import price amounted to $X per unit, growing by 4.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, import price attained 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 countries with the highest prices were China ($X per unit) and the United States ($X per unit), while the price for South Korea ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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