Japan: Safes And Strongboxes Market 2025

Safes And Strongboxes Market Size in Japan

In 2021, the Japanese safes and strongboxes market decreased by -3.2% to $X, falling for the fifth year in a row after five years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Safes And Strongboxes Exports

Exports from Japan

In 2021, the amount of safes, strongboxes and doors of base metal exported from Japan fell rapidly to X tons, reducing by -18.7% on the previous year's figure. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2019 with an increase of 82%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, safes and strongboxes exports fell significantly to $X in 2021. Overall, exports continue to indicate a deep slump. The growth pace was the most rapid in 2019 when exports increased by 76% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for safes and strongboxes exports from Japan, with a 56% share of total exports. Moreover, safes and strongboxes exports to China exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was held by Australia (X tons), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+34.8% per year) and Australia (+17.9% per year).

In value terms, China ($X) remains the key foreign market for safes, strongboxes and doors of base metal exports from Japan, comprising 62% of total exports. The second position in the ranking was taken by Australia ($X), with a 13% share of total exports. It was followed by the United States, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+20.6% per year) and the United States (+20.0% per year).

Export Prices by Country

In 2021, the average safes and strongboxes export price amounted to $X per ton, waning by -7.4% against the previous year. Overall, the export price recorded a mild slump. The pace of growth appeared the most rapid in 2015 an increase of 24%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Japan

In 2021, purchases abroad of safes, strongboxes and doors of base metal decreased by -6.7% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, imports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2016 with an increase of 29% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, safes and strongboxes imports contracted to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Thailand (X tons), China (X tons) and South Korea (X tons) were the main suppliers of safes and strongboxes imports to Japan, with a combined 80% share of total imports. Mexico, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +119.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest safes and strongboxes suppliers to Japan were China ($X), Thailand ($X) and Taiwan (Chinese) ($X), together comprising 73% of total imports. These countries were followed by South Korea, Mexico and the United States, which together accounted for a further 26%.

Among the main suppliers, Mexico, with a CAGR of +103.7%, 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 2021, the average safes and strongboxes import price amounted to $X per ton, surging by 3.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2014 an increase of 12%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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