Japan: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Japan

The Japanese market for other plastic tubes, pipes and hoses stood at $X in 2022, almost unchanged from the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.8% against 2020 indices. Consumption of peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Other Plastic Tubes, Pipes and Hoses in Japan

In value terms, production of other plastic tubes, pipes and hoses totaled $X in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value 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, production decreased by -0.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 23% against the previous year. Production of peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Japan

In 2022, approx. X tons of other plastic tubes, pipes and hoses were exported from Japan; shrinking by -17.1% against the previous year. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 11% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of other plastic tubes, pipes and hoses fell significantly to $X in 2022. Overall, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of exports of other plastic tubes, pipes and hoses from Japan, with a combined 57% share of total exports. Indonesia, Malaysia, Vietnam, South Korea, Taiwan (Chinese), the Philippines, Mexico and Hong Kong SAR lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +12.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other plastic tubes, pipes and hoses exported from Japan were the United States ($X), China ($X) and Thailand ($X), together accounting for 45% of total exports. Malaysia, South Korea, Taiwan (Chinese), the Philippines, Indonesia, Vietnam, Mexico and Hong Kong SAR lagged somewhat behind, together comprising a further 32%.

Vietnam, with a CAGR of +5.4%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for other plastic tubes, pipes and hoses amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 12%. The export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Japan

Imports of other plastic tubes, pipes and hoses into Japan fell significantly to X tons in 2022, dropping by -18.1% against 2021. In general, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of other plastic tubes, pipes and hoses contracted modestly to $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 36%. Imports peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of other plastic tubes, pipes and hoses to Japan, with a 54% share of total imports. Moreover, imports of other plastic tubes, pipes and hoses from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-1.7% per year) and Taiwan (Chinese) (-6.8% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest other plastic tubes, pipes and hoses suppliers to Japan, together accounting for 73% of total imports. Taiwan (Chinese), South Korea, Hong Kong SAR and Vietnam lagged somewhat behind, together accounting for a further 16%.

Vietnam, with a CAGR of +11.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, surging by 18% against the previous year. Over the last decade, it increased at an average annual rate of +5.4%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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