Japan: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Japan

The Japanese market for parts of apparatus of hs shrank slightly to $X in 2021, which is down by -2.7% against the previous year. In general, consumption recorded a noticeable shrinkage. Parts of apparatus of hs consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Parts Of Apparatus Of Hs in Japan

In value terms, parts of apparatus of hs production contracted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 61% against the previous year. Parts of apparatus of hs production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Parts Of Apparatus Of Hs

Exports from Japan

In 2021, overseas shipments of parts of apparatus of hs increased by 34% to X units, rising for the third year in a row after two years of decline. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.8% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 35%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, parts of apparatus of hs exports surged to $X in 2021. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), China (X units) and Vietnam (X units) were the main destinations of parts of apparatus of hs exports from Japan, with a combined 54% share of total exports. Russia, Hong Kong SAR, Germany, Mexico, Thailand, South Korea, Singapore, Cambodia, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +37.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for parts of apparatus of hs exports from Japan, comprising 30% of total exports. The second position in the ranking was held by China ($X), with a 14% share of total exports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.7% per year) and Hong Kong SAR (-0.8% per year).

Export Prices by Country

The average export price for parts of apparatus of hs stood at $X per unit in 2021, reducing by -8.4% against the previous year. Overall, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 21% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Cambodia ($X per unit), while the average price for exports to Russia ($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 Cambodia (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Japan

In 2021, approx. X units of parts of apparatus of hs were imported into Japan; with an increase of 4.3% on the previous year's figure. Overall, imports, however, saw a mild reduction. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, parts of apparatus of hs imports expanded modestly to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.0% against 2015 indices. The most prominent rate of growth was recorded in 2019 with an increase of 21% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X units), Vietnam (X units) and Mexico (X units) were the main suppliers of parts of apparatus of hs imports to Japan.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +35.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of parts of apparatus of hs to Japan, comprising 61% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total imports. It was followed by Mexico, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+43.5% per year) and Mexico (+4.0% per year).

Import Prices by Country

The average import price for parts of apparatus of hs stood at $X per unit in 2021, flattening at the previous year. Over the period under review, the import price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of 18% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then contracted modestly 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 the United States ($X per unit), while the price for Indonesia ($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 (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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