Japan: Non-Household Fan Market 2024

Non-Household Fan Market Size in Japan

The Japanese non-household fan market shrank remarkably to $X in 2022, waning by -60.2% against the previous year. In general, consumption continues to indicate a abrupt contraction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Non-Household Fan Production in Japan

In value terms, non-household fan production expanded notably to $X in 2022 estimated in export price. In general, production showed a notable expansion. The pace of growth was the most pronounced in 2017 with an increase of 422% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Non-Household Fan Exports

Exports from Japan

In 2022, approx. X units of non-household ventilation fans were exported from Japan; falling by -43.7% compared with 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then contracted significantly in the following year.

In value terms, non-household fan exports contracted dramatically to $X in 2022. Overall, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 32%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) was the main destination for non-household fan exports from Japan, with a 38% share of total exports. Moreover, non-household fan exports to Thailand exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by Indonesia (X units), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.5% per year) and Indonesia (+7.3% per year).

In value terms, Thailand ($X) remains the key foreign market for non-household ventilation fans exports from Japan, comprising 38% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by Indonesia, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to Thailand amounted to +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.7% per year) and Indonesia (+4.4% per year).

Export Prices by Country

The average non-household fan export price stood at $X per unit in 2022, flattening at the previous year. Overall, the export price, however, recorded a noticeable setback. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($X per unit) and India ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Taiwan (Chinese) ($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 Argentina (-2.4%), while the prices for the other major destinations experienced a decline.

Non-Household Fan Imports

Imports into Japan

In 2022, the amount of non-household ventilation fans imported into Japan shrank sharply to X units, waning by -57.2% compared with the previous year. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-household fan imports shrank dramatically to $X in 2022. Over the period under review, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-household fan to Japan, with a 47% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-2.3% per year) and the United States (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of non-household ventilation fans to Japan, comprising 47% of total imports. The second position in the ranking was taken by the Philippines ($X), with an 11% share of total imports. It was followed by the United States, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+5.3% per year) and the United States (+7.0% per year).

Import Prices by Country

In 2022, the average non-household fan import price amounted to $X per unit, growing by 15% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-household fan import price increased by +111.7% against 2012 indices. 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 countries with the highest prices were the Philippines ($X per unit) and Vietnam ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform