Japan: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Japan

In 2021, the Japanese market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 14% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Japan

In value terms, grease fittings and oil seals production totaled $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 40%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Japan

In 2021, approx. X units of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels were exported from Japan; jumping by 19% against the previous year's figure. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grease fittings and oil seals exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units), the United States (X units) and Malaysia (X units) were the main destinations of grease fittings and oil seals exports from Japan, with a combined 51% share of total exports. South Korea, Vietnam, Mexico, Thailand, the United Arab Emirates, Taiwan (Chinese), Germany, India, the UK and Costa Rica lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +58.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for grease fittings and oil seals exports from Japan, comprising 27% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by South Korea, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.6% per year) and South Korea (+7.0% per year).

Export Prices by Country

In 2021, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, rising by 1.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 9.5% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Japan

In 2021, supplies from abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 30% to X units for the first time since 2015, thus ending a five-year declining trend. In general, imports, however, continue to indicate a perceptible setback. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, grease fittings and oil seals imports soared to $X in 2021. Overall, imports, however, continue to indicate a noticeable decline. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest grease fittings and oil seals supplier to Japan, accounting for a 49% share of total imports. Moreover, grease fittings and oil seals imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. The third position in this ranking was held by Vietnam (X units), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.9% per year) and Vietnam (-10.5% per year).

In value terms, China ($X) constituted the largest supplier of grease fittings and oil seals to Japan, comprising 34% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total imports. It was followed by Vietnam, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.5% per year) and Vietnam (-10.9% per year).

Import Prices by Country

In 2021, the average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, dropping by -6.3% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grease fittings and oil seals import price increased by +51.7% against 2015 indices. The pace of growth was the most pronounced in 2019 an increase of 19%. The import price peaked at $X per unit in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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