Japan: Refrigerated Show-Cases Market 2024

Refrigerated Show-Cases Market Size in Japan

The Japanese refrigerated show-cases market expanded modestly to $X in 2022, increasing by 3.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a strong increase. Refrigerated show-cases consumption peaked in 2022 and is expected to retain growth in the near future.

Refrigerated Show-Cases Exports

Exports from Japan

Refrigerated show-cases exports from Japan dropped to X units in 2022, which is down by -8.9% compared with the previous year's figure. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 82% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, refrigerated show-cases exports reduced to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 40% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Hong Kong SAR (X units) and the Netherlands (X units) were the main destinations of refrigerated show-cases exports from Japan, with a combined 61% share of total exports. Singapore, Taiwan (Chinese), Indonesia, Thailand, Vietnam, Malaysia, Australia, Guinea and South Korea lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guinea (with a CAGR of +1,800.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refrigerated show-cases exported from Japan were the United States ($X), Hong Kong SAR ($X) and the Netherlands ($X), with a combined 61% share of total exports. Singapore, Taiwan (Chinese), Indonesia, Thailand, Vietnam, Malaysia, Australia, Guinea and South Korea lagged somewhat behind, together accounting for a further 35%.

Guinea, with a CAGR of +1,596.9%, recorded 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

The average refrigerated show-cases export price stood at $X per unit in 2022, shrinking by -5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2017 an increase of 45% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($X per unit) and Guinea ($X per unit), while the average price for exports to Vietnam ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerated Show-Cases Imports

Imports into Japan

In 2022, refrigerated show-cases imports into Japan rose slightly to X units, picking up by 3.3% compared with the year before. In general, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 117%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, refrigerated show-cases imports expanded to $X in 2022. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2015 when imports increased by 107%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X units), China (X units) and Indonesia (X units) were the main suppliers of refrigerated show-cases imports to Japan, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +71.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerated show-cases suppliers to Japan were South Korea ($X), China ($X) and Indonesia ($X), together accounting for 91% of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +71.2%, recorded 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

The average refrigerated show-cases import price stood at $X per unit in 2022, remaining stable against the previous year. Overall, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 8.9%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per unit) and South Korea ($X per unit), while the price for Indonesia ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform