Japan: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Japan

The Japanese market for mechanical appliances for projecting, dispersing or spraying dropped to $X in 2022, which is down by -14.7% against the previous year. Over the period under review, consumption saw a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Japan

In value terms, production of mechanical appliances for projecting, dispersing or spraying shrank to $X in 2022 estimated in export price. Overall, production saw a deep setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by 20% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Japan

Exports of mechanical appliances for projecting, dispersing or spraying from Japan declined to X units in 2022, which is down by -11.4% on the previous year's figure. Over the period under review, exports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by 37%. Over the period under review, the exports of reached the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying contracted remarkably to $X in 2022. In general, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), the United States (X units) and India (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from Japan, together comprising 51% of total exports. The UK, South Korea, Mexico, Thailand, Australia, Indonesia, Vietnam, France, Bangladesh and Malaysia lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +69.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mechanical appliances for projecting, dispersing or spraying exported from Japan were China ($X), the United States ($X) and Thailand ($X), together comprising 57% of total exports. India, Mexico, South Korea, Indonesia, the UK, Malaysia, Vietnam, France, Bangladesh and Australia lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, Bangladesh, with a CAGR of +64.9%, saw the highest growth rate of 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

In 2022, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, which is down by -16.2% against the previous year. In general, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Japan

In 2022, imports of mechanical appliances for projecting, dispersing or spraying into Japan shrank to X units, waning by -8.7% against 2021 figures. In general, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by 57% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying shrank remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2020 with an increase of 50% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Japan, accounting for a 74% share of total imports. Moreover, imports of mechanical appliances for projecting, dispersing or spraying from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), eightfold. The third position in this ranking was held by Thailand (X units), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+6.7% per year) and Thailand (+22.6% per year).

In value terms, China ($X) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Japan, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.8% share of total imports. It was followed by Thailand, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.2% per year) and Thailand (+18.2% per year).

Import Prices by Country

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, which is down by -8.7% against the previous year. In general, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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