Japan: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Japan

The Japanese rubber-to-metal and moulded article market expanded slightly to $X in 2021, surging by 1.7% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in years to come.

Production of Rubber-to-Metal and Moulded Articles in Japan

In value terms, rubber-to-metal and moulded article production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 15% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Japan

In 2021, shipments abroad of rubber-to-metal and moulded articles increased by 17% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a perceptible curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, rubber-to-metal and moulded article exports rose significantly to $X in 2021. In general, exports, however, saw a pronounced downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for rubber-to-metal and moulded article exports from Japan, with a 38% share of total exports. Moreover, rubber-to-metal and moulded article exports to the United States exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-6.6% per year) and India (+4.3% per year).

In value terms, the largest markets for rubber-to-metal and moulded article exported from Japan were the United States ($X), China ($X) and Thailand ($X), with a combined 49% share of total exports. Germany, Vietnam, Indonesia, South Korea, Mexico, India, Russia, the Philippines, France and the Czech Republic lagged somewhat behind, together accounting for a further 28%.

Russia, with a CAGR of +18.7%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, with a decrease of -2.5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Japan

In 2021, purchases abroad of rubber-to-metal and moulded articles increased by 12% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest rubber-to-metal and moulded article supplier to Japan, with a 54% share of total imports. Moreover, rubber-to-metal and moulded article imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sixfold. The third position in this ranking was taken by the UK (X tons), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.4% per year) and the UK (+67.4% per year).

In value terms, China ($X) constituted the largest supplier of rubber-to-metal and moulded articles to Japan, comprising 35% of total imports. The second position in the ranking was taken by Thailand ($X), with a 17% share of total imports. It was followed by Vietnam, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.1% per year) and Vietnam (+7.1% per year).

Import Prices by Country

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, growing by 4.1% against the previous year. Overall, the import price, however, saw a noticeable descent. The growth pace was the most rapid in 2018 when the average import price increased by 4.2% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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