Japan: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Japan

The Japanese market for plastics pipes and pipe fittings was estimated at $X in 2022, surging by 5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plastics Pipes And Pipe Fittings in Japan

In value terms, plastics pipe and pipe fitting production expanded remarkably to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 75% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Japan

In 2022, exports of plastics pipes and pipe fittings from Japan dropped slightly to X tons, shrinking by -3.1% compared with 2021 figures. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 38%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, plastics pipe and pipe fitting exports shrank to $X in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

China (X tons), Hong Kong SAR (X tons) and the United States (X tons) were the main destinations of plastics pipe and pipe fitting exports from Japan, with a combined 47% share of total exports. Taiwan (Chinese), South Korea, the Philippines, Singapore, Thailand, Vietnam, Indonesia, Malaysia, India and Mongolia lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastics pipe and pipe fitting exported from Japan were China ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 56% share of total exports.

The United States, with a CAGR of +4.7%, saw the highest rates of growth with regard to 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

In 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, which is down by -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Japan

In 2022, imports of plastics pipes and pipe fittings into Japan stood at X tons, rising by 3.2% compared with the year before. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, plastics pipe and pipe fitting imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

China (X tons), South Korea (X tons) and Indonesia (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Japan, together accounting for 58% of total imports. Taiwan (Chinese), Vietnam, Germany, Singapore, the Philippines, the United States, Austria and Thailand lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +10.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to Japan were China ($X), Vietnam ($X) and Singapore ($X), with a combined 41% share of total imports. South Korea, the United States, Germany, Taiwan (Chinese), the Philippines, Indonesia, Thailand and Austria lagged somewhat behind, together comprising a further 50%.

Germany, with a CAGR of +11.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, with a decrease of -4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2020 an increase of 15%. The import price peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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