Japan: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Japan

In 2021, the Japanese market for instruments for measuring electrical quantities increased by 5.6% to $X, rising for the third year in a row after three years of decline. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.7% against 2018 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in years to come.

Production of Instruments for Measuring Electrical Quantities in Japan

In value terms, instruments for measuring electrical quantities production amounted to $X in 2021 estimated in export price. In general, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 103% against the previous year. Instruments for measuring electrical quantities production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Instruments for Measuring Electrical Quantities

Exports from Japan

In 2021, exports of instruments for measuring electrical quantities from Japan skyrocketed to X units, increasing by 19% on the previous year. Overall, exports, however, saw a mild contraction. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, instruments for measuring electrical quantities exports skyrocketed to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units) was the main destination for instruments for measuring electrical quantities exports from Japan, with a 35% share of total exports. Moreover, instruments for measuring electrical quantities exports to China exceeded the volume sent to the second major destination, South Korea (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+1.9% per year) and Taiwan (Chinese) (+7.3% per year).

In value terms, China ($X) remains the key foreign market for instruments for measuring electrical quantities exports from Japan, comprising 41% of total exports. The second position in the ranking was held by South Korea ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+1.5% per year) and Taiwan (Chinese) (+7.4% per year).

Export Prices by Country

The average export price for instruments for measuring electrical quantities stood at $X per unit in 2021, increasing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Belgium ($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 Thailand (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Japan

In 2021, after three years of growth, there was decline in purchases abroad of instruments for measuring electrical quantities, when their volume decreased by -3.9% to X units. Overall, imports saw a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, instruments for measuring electrical quantities imports expanded to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 14% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of instruments for measuring electrical quantities to Japan, with a 50% share of total imports. Moreover, instruments for measuring electrical quantities imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by Thailand (X units), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.2% per year) and Thailand (+3.1% per year).

In value terms, China ($X) constituted the largest supplier of instruments for measuring electrical quantities to Japan, comprising 35% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.3% per year) and Taiwan (Chinese) (-0.4% per year).

Import Prices by Country

The average import price for instruments for measuring electrical quantities stood at $X per unit in 2021, picking up by 7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2016 when the average import price increased by 20% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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