Japan: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in Japan

The Japanese prefabricated buildings market fell to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Prefabricated buildings consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Prefabricated Buildings Production in Japan

In value terms, prefabricated buildings production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 -1.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Prefabricated buildings production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Prefabricated Buildings Exports

Exports from Japan

Prefabricated buildings exports from Japan shrank notably to X units in 2022, dropping by -51.9% compared with the previous year. In general, exports showed a pronounced decrease. The growth pace was the most rapid in 2014 when exports increased by 43% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, prefabricated buildings exports dropped notably to $X in 2022. Over the period under review, exports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2016 when exports increased by 97% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units), South Korea (X units) and Senegal (X units) were the main destinations of prefabricated buildings exports from Japan, with a combined 56% share of total exports. Tonga, Taiwan (Chinese), Botswana, Vietnam, Palau, Austria, Germany, France, Kenya and the United States lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +80.4%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Tonga ($X) and Senegal ($X) were the largest markets for prefabricated buildings exported from Japan worldwide, together accounting for 46% of total exports. Hong Kong SAR, Botswana, South Korea, Palau, Kenya, Vietnam, France, Germany, the United States and Austria lagged somewhat behind, together accounting for a further 49%.

In terms of the main countries of destination, Austria, with a CAGR of +68.8%, saw the highest rates of growth with regard to the value of exports, 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 prefabricated buildings export price amounted to $X per unit, surging by 46% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 62% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palau (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into Japan

Prefabricated buildings imports into Japan expanded slightly to X units in 2022, with an increase of 3.5% compared with the previous year. Over the period under review, imports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, prefabricated buildings imports totaled $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest prefabricated buildings supplier to Japan, accounting for a 48% share of total imports. Moreover, prefabricated buildings imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. Finland (X units) 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 -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.2% per year) and Finland (-12.1% per year).

In value terms, China ($X) constituted the largest supplier of prefabricated buildings to Japan, comprising 40% of total imports. The second position in the ranking was taken by South Korea ($X), with a 19% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+12.3% per year) and the United States (+7.7% per year).

Import Prices by Country

The average prefabricated buildings import price stood at $X per unit in 2022, picking up by 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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