Japan: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Japan

The Japanese jacks and hoists market shrank rapidly to $X in 2022, dropping by -18.8% against the previous year. In general, consumption recorded a abrupt contraction. Jacks and hoists consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Jacks And Hoists Production in Japan

In value terms, jacks and hoists production fell to $X in 2022 estimated in export price. Overall, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 33%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Jacks And Hoists Exports

Exports from Japan

In 2022, overseas shipments of jacks and hoists for raising vehicles were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 14%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, jacks and hoists exports rose to $X in 2022. In general, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of 14%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), the United States (X units) and Mexico (X units) were the main destinations of jacks and hoists exports from Japan, with a combined 47% share of total exports. Thailand, Taiwan (Chinese), Germany, South Korea, Vietnam, Malaysia, the United Arab Emirates and Indonesia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +21.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Mexico ($X) were the largest markets for jacks and hoists exported from Japan worldwide, with a combined 47% share of total exports. Thailand, Taiwan (Chinese), Germany, South Korea, Vietnam, Malaysia, the United Arab Emirates and Indonesia lagged somewhat behind, together accounting for a further 40%.

In terms of the main countries of destination, Germany, with a CAGR of +20.8%, 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 jacks and hoists export price stood at $X per unit in 2022, which is down by -2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 0.5%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per unit) and Mexico ($X per unit), while the average price for exports to Indonesia ($X per unit) and Malaysia ($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 (-0.0%), while the prices for the other major destinations experienced a decline.

Jacks And Hoists Imports

Imports into Japan

Jacks and hoists imports into Japan contracted sharply to X units in 2022, declining by -24.4% against the previous year. In general, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 34%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, jacks and hoists imports shrank dramatically to $X in 2022. Over the period under review, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of 37%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of jacks and hoists to Japan, with a 65% share of total imports. Moreover, jacks and hoists imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was held by Canada (X units), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.2% per year) and Canada (-11.8% per year).

In value terms, China ($X) constituted the largest supplier of jacks and hoists for raising vehicles to Japan, comprising 65% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by Canada, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.4% per year) and Canada (-9.9% per year).

Import Prices by Country

In 2022, the average jacks and hoists import price amounted to $X per unit, with an increase of 3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. 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 highest price was recorded for prices from China ($X per unit) and the United States ($X per unit), while the price for Switzerland ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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