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

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

The Japanese market for plastic fittings for tubes, pipes and hoses expanded modestly to $X in 2021, growing by 4.8% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Japan

In value terms, production of plastic fittings for tubes, pipes and hoses reached $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 39%. As a result, production reached the peak level of $X. From 2016 to 2021, production of growth failed to regain momentum.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Japan

In 2021, the amount of plastic fittings for tubes, pipes and hoses exported from Japan skyrocketed to X tons, picking up by 34% on the previous year's figure. Over the period under review, exports recorded slight growth. The pace of growth appeared the most rapid in 2016 with an increase of 58% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. In general, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.8% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Japan, with a combined 49% share of total exports. Taiwan (Chinese), Singapore, South Korea, Thailand, Indonesia, the Philippines, India, Mexico, Vietnam and Malaysia lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +16.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic fittings for tubes, pipes and hoses exported from Japan were China ($X), the United States ($X) and South Korea ($X), together accounting for 58% of total exports. These countries were followed by Taiwan (Chinese), India, Singapore, Thailand, Indonesia, Mexico, Hong Kong SAR, Vietnam, the Philippines and Malaysia, which together accounted for a further 27%.

Mexico, with a CAGR of +12.9%, 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

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, waning by -3.2% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic fittings for tubes, pipes and hoses increased by +47.3% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 58%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Hong Kong SAR ($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 Singapore (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Japan

In 2021, approx. X tons of plastic fittings for tubes, pipes and hoses were imported into Japan; rising by 27% on the previous year's figure. The total import volume increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Japan, with a combined 62% share of total imports. These countries were followed by Singapore, South Korea, the Philippines, Switzerland, Germany, Austria and the United States, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and the United States ($X) constituted the largest plastic fittings for tubes, pipes and hoses suppliers to Japan, together accounting for 57% of total imports. Germany, the Philippines, Taiwan (Chinese), South Korea, Vietnam, Switzerland and Austria lagged somewhat behind, together accounting for a further 31%.

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

Import Prices by Country

In 2021, the average import price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, picking up by 7.5% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of 8.3%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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