Japan: Lift And Hoist Market 2024

Lift And Hoist Market Size in Japan

In 2022, the Japanese lift and hoist market increased by 3.4% to $X, rising for the seventh year in a row after three years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Lift and hoist consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Lift And Hoist Production in Japan

In value terms, lift and hoist production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced descent. The growth pace was the most rapid in 2016 when the production volume increased by 8% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lift And Hoist Exports

Exports from Japan

In 2022, the amount of lifts and hoists exported from Japan shrank to X units, with a decrease of -10.7% on the previous year. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 38%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, lift and hoist exports stood at $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 17% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X units), the United States (X units) and Hong Kong SAR (X units) were the main destinations of lift and hoist exports from Japan, with a combined 59% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +13.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lift and hoist exported from Japan were China ($X), the United States ($X) and Hong Kong SAR ($X), together comprising 59% of total exports.

The United States, with a CAGR of +10.8%, recorded the highest growth rate of 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 lift and hoist export price stood at $X per unit in 2022, rising by 24% against the previous year. Over the period under review, the export price, however, saw a perceptible decline. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($X per unit) and Indonesia ($X per unit), while the average price for exports to Ecuador ($X per unit) and Saudi Arabia ($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 Mexico (-2.1%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into Japan

In 2022, purchases abroad of lifts and hoists was finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a mild downturn. The growth pace was the most rapid in 2016 when imports increased by 15% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lift and hoist imports amounted to $X in 2022. In general, imports, however, showed a perceptible decrease. The growth pace was the most rapid in 2014 when imports increased by 18% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and South Korea (X units) were the main suppliers of lift and hoist imports to Japan, together accounting for 71% of total imports. Sweden, the Netherlands, Denmark, the United States, Vietnam, the UK and Germany lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +15.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lift and hoist suppliers to Japan were Taiwan (Chinese) ($X), China ($X) and South Korea ($X), together comprising 71% of total imports. Sweden, the Netherlands, Denmark, the United States, Vietnam, the UK and Germany lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Vietnam, with a CAGR of +14.0%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average lift and hoist import price amounted to $X per unit, shrinking by -4.4% against the previous year. Overall, the import price showed a perceptible descent. The growth pace was the most rapid in 2021 an increase of 12%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per unit) and China ($X per unit), while the price for Germany ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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