Japan: Ink-Pad Market 2024

Ink-Pad Market Size in Japan

The Japanese ink-pad market contracted to $X in 2022, reducing by -12% against the previous year. Overall, consumption showed a abrupt downturn. Ink-pad consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ink-Pad Production in Japan

In value terms, ink-pad production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by 64% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ink-Pad Exports

Exports from Japan

In 2022, the amount of ink-pads exported from Japan skyrocketed to X units, jumping by 38% compared with the previous year's figure. Overall, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.0% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ink-pad exports reduced to $X in 2022. In general, exports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2015 when exports increased by 21% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), the Netherlands (X units) and the UK (X units) were the main destinations of ink-pad exports from Japan, with a combined 43% share of total exports. China, Germany, Italy, South Korea, Belgium, Australia, Malaysia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +43.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and the UK ($X) constituted the largest markets for ink-pad exported from Japan worldwide, together accounting for 43% of total exports. China, Germany, Italy, South Korea, Belgium, Australia, Malaysia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 49%.

Italy, with a CAGR of +32.2%, 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 ink-pad export price amounted to $X per unit, falling by -35.7% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2021 when the average export price increased by 26% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and Australia ($X per unit), while the average price for exports to South Korea ($X per unit) and Malaysia ($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 the United Arab Emirates (+11.2%), while the prices for the other major destinations experienced a decline.

Ink-Pad Imports

Imports into Japan

In 2022, overseas purchases of ink-pads were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 21% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ink-pad imports reduced to $X in 2022. Overall, imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 19%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of ink-pad to Japan, accounting for a 91% share of total imports. Moreover, ink-pad imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+34.3% per year) and Taiwan (Chinese) (-9.8% per year).

In value terms, China ($X) constituted the largest supplier of ink-pads to Japan, comprising 91% of total imports. The second position in the ranking was held by Vietnam ($X), with a 3.7% share of total imports. It was followed by Taiwan (Chinese), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+33.4% per year) and Taiwan (Chinese) (-10.5% per year).

Import Prices by Country

The average ink-pad import price stood at $X per unit in 2022, which is down by -13.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and Malaysia ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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