Japan: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Japan

The Japanese market for rigid tubes, pipes and hoses, of other polymers amounted to $X in 2022, increasing by 2.1% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Japan

In value terms, production of rigid tubes, pipes and hoses, of other polymers amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 19%. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Japan

In 2022, shipments abroad of rigid tubes, pipes and hoses, of other polymers increased by 14% to X tons, rising for the second consecutive year after four years of decline. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 71% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers reduced to $X in 2022. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 27% 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

The United States (X tons) was the main destination for exports of rigid tubes, pipes and hoses, of other polymers from Japan, with a 35% share of total exports. Moreover, exports of rigid tubes, pipes and hoses, of other polymers to the United States exceeded the volume sent to the second major destination, China (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-13.4% per year) and Taiwan (Chinese) (-3.5% per year).

In value terms, the United States ($X), China ($X) and Taiwan (Chinese) ($X) were the largest markets for rigid tubes, pipes and hoses, of other polymers exported from Japan worldwide, with a combined 73% share of total exports. Malaysia, Thailand, South Korea, the United Arab Emirates, Indonesia, Mexico, Brazil and Germany lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +35.5%, saw the highest growth rate of 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

The average export price for rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, falling by -19.5% against the previous year. In general, the export price, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2017 when the average export price increased by 75%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Japan

In 2022, after two years of decline, there was significant growth in purchases abroad of rigid tubes, pipes and hoses, of other polymers, when their volume increased by 11% to X tons. The total import volume increased at an average annual rate of +5.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 26% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers soared to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 24% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

South Korea (X tons), Vietnam (X tons) and China (X tons) were the main suppliers of imports of rigid tubes, pipes and hoses, of other polymers to Japan, together comprising 63% of total imports. Taiwan (Chinese), the United States, Thailand, Germany and Malaysia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the United States ($X) and China ($X) constituted the largest rigid tubes, pipes and hoses, of other polymers suppliers to Japan, with a combined 63% share of total imports. South Korea, Germany, Taiwan (Chinese), Thailand and Malaysia lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Thailand, with a CAGR of +30.6%, 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

In 2022, the average import price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, surging by 5.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 17%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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