Japan: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Japan

The Japanese market for iron or steel gas domestic cooking appliances and plate warmers reached $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Japan

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 33% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from Japan

In 2022, the amount of iron or steel gas domestic cooking appliances and plate warmers exported from Japan declined modestly to X units, shrinking by -2.1% compared with the previous year. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 84% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers declined to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Hong Kong SAR (X units), China (X units) and Taiwan (Chinese) (X units) were the main destinations of exports of iron or steel gas domestic cooking appliances and plate warmers from Japan, together accounting for 72% of total exports. The United States, Vietnam, Cambodia and the United Arab Emirates lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +79.5%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and Taiwan (Chinese) ($X) were the largest markets for iron or steel gas domestic cooking appliances and plate warmers exported from Japan worldwide, together accounting for 72% of total exports. The United States, Vietnam, Cambodia and the United Arab Emirates lagged somewhat behind, together accounting for a further 22%.

Cambodia, with a CAGR of +80.9%, recorded the highest rates of growth with regard to the value of exports, among 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

The average export price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, shrinking by -7.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 64% against the previous year. The export price peaked at $X per unit in 2021, and then reduced in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and the United States ($X per unit), while the average price for exports to China ($X per unit) and Cambodia ($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 (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into Japan

After four years of growth, supplies from abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -34.3% to X units in 2022. Over the period under review, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports attained the peak of X units, and then declined dramatically in the following year.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers dropped remarkably to $X in 2022. Overall, imports recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

China (X units), South Korea (X units) and Vietnam (X units) were the main suppliers of imports of iron or steel gas domestic cooking appliances and plate warmers to Japan, together accounting for 94% of total imports. These countries were followed by Estonia, which accounted for a further 2%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +12.2%), while purchases for the other leaders experienced a decline.

In value terms, the largest iron or steel gas domestic cooking appliances and plate warmers suppliers to Japan were China ($X), South Korea ($X) and Vietnam ($X), together comprising 94% of total imports. These countries were followed by Estonia, which accounted for a further 2%.

In terms of the main suppliers, Estonia, with a CAGR of +13.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for iron or steel gas domestic cooking appliances and plate warmers amounted to $X per unit, growing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price reached 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 highest price was recorded for prices from Vietnam ($X per unit) and Estonia ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform