Japan: Market for Process Control, Gate, Globe and Other Valves 2025

Market Size for Process Control, Gate, Globe and Other Valves in Japan

The Japanese market for process control, gate, globe and other valves shrank to $X in 2022, waning by -6.1% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Process Control, Gate, Globe and Other Valves in Japan

In value terms, production of process control, gate, globe and other valves amounted to $X in 2022 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +0.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 50%. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Process Control, Gate, Globe and Other Valves

Exports from Japan

In 2022, overseas shipments of process control, gate, globe and other valves increased by 42% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of process control, gate, globe and other valves rose sharply to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of exports of process control, gate, globe and other valves from Japan, with a combined 40% share of total exports. These countries were followed by Thailand, Indonesia, Taiwan (Chinese), Vietnam, Germany, India, the Philippines, Singapore and the United Arab Emirates, which together accounted for a further 19%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +4.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and South Korea ($X) constituted the largest markets for process control, gate, globe and other valves exported from Japan worldwide, with a combined 51% share of total exports. Taiwan (Chinese), Thailand, Singapore, Germany, Indonesia, Vietnam, India, the Philippines and the United Arab Emirates lagged somewhat behind, together accounting for a further 24%.

Singapore, with a CAGR of +5.8%, 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 process control, gate, globe and other valves stood at $X per ton in 2022, shrinking by -20.9% against the previous year. Overall, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 10% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average 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 Singapore ($X per ton), while the average price for exports to the Philippines ($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 Singapore (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Process Control, Gate, Globe and Other Valves

Imports into Japan

In 2022, supplies from abroad of process control, gate, globe and other valves was finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of process control, gate, globe and other valves totaled $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 10% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Vietnam (X tons) and Thailand (X tons) were the main suppliers of imports of process control, gate, globe and other valves to Japan, together comprising 73% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +1.8%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Vietnam ($X) and Taiwan (Chinese) ($X) appeared to be the largest process control, gate, globe and other valves suppliers to Japan, together comprising 48% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +1.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for process control, gate, globe and other valves amounted to $X per ton, reducing by -6.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 6.8%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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