Japan: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Japan

The Japanese market for plastic hoses and hose fittings expanded rapidly to $X in 2021, growing by 12% against the previous year. Overall, consumption continues to indicate a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Plastic Hoses and Hose Fittings in Japan

In value terms, plastic hose and hose fitting production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production posted a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 56% against the previous year. Plastic hose and hose fitting production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Japan

In 2021, overseas shipments of plastic hoses and hose fittings increased by 18% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports soared to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; 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

China (X tons) was the main destination for plastic hose and hose fitting exports from Japan, accounting for a 31% share of total exports. Moreover, plastic hose and hose fitting exports to China exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Thailand (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.5% per year) and Thailand (-2.6% per year).

In value terms, China ($X) remains the key foreign market for plastic hoses and hose fittings exports from Japan, comprising 34% of total exports. The second position in the ranking was taken by the United States ($X), with a 14% share of total exports. It was followed by Vietnam, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.4% per year) and Vietnam (+2.9% per year).

Export Prices by Country

In 2021, the average export price for plastic hoses and hose fittings amounted to $X per ton, surging by 2.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2016 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Indonesia ($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 Malaysia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Japan

In 2021, after two years of decline, there was growth in supplies from abroad of plastic hoses and hose fittings, when their volume increased by 2.5% to X tons. Over the period under review, imports, however, showed a mild downturn. The growth pace was the most rapid in 2018 with an increase of 9% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting imports surged to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 16%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic hose and hose fitting to Japan, accounting for a 41% share of total imports. Moreover, plastic hose and hose fitting imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.1% per year) and the United States (+0.9% per year).

In value terms, the largest plastic hose and hose fitting suppliers to Japan were China ($X), the United States ($X) and Germany ($X), with a combined 62% share of total imports. These countries were followed by Vietnam, South Korea, Taiwan (Chinese), Hong Kong SAR and Malaysia, which together accounted for a further 20%.

In terms of the main suppliers, Vietnam, with a CAGR of +17.6%, 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 hoses and hose fittings amounted to $X per ton, picking up by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :