Japan: Safety Glass Market 2024

Safety Glass Market Size in Japan

In 2022, the Japanese safety glass market decreased by -10.3% to $X, falling for the eighth year in a row after three years of growth. Over the period under review, consumption saw a deep setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Safety Glass Production in Japan

In value terms, safety glass production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible slump. The growth pace was the most rapid in 2016 with an increase of 9.9% against the previous year. Safety glass production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Safety Glass Exports

Exports from Japan

Safety glass exports from Japan rose remarkably to X square meters in 2022, growing by 5.8% compared with the previous year. Overall, exports, however, saw a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 23%. Over the period under review, the exports reached the peak figure at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, safety glass exports shrank notably to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X square meters), Belgium (X square meters) and Thailand (X square meters) were the main destinations of safety glass exports from Japan, together comprising 57% of total exports. Vietnam, China, Malaysia, the Netherlands, Portugal, Taiwan (Chinese), Australia, Saudi Arabia, Oman and Russia lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +79.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and China ($X) were the largest markets for safety glass exported from Japan worldwide, with a combined 55% share of total exports. Thailand, the Netherlands, Vietnam, Australia, Malaysia, Taiwan (Chinese), Saudi Arabia, Oman, Russia and Portugal lagged somewhat behind, together comprising a further 27%.

In terms of the main countries of destination, Portugal, with a CAGR of +69.0%, 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

In 2021, the average safety glass export price amounted to $X per square meter, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per square meter), while the average price for exports to Portugal ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Japan

In 2022, approx. X square meters of safety glass were imported into Japan; which is down by -20.8% on 2021 figures. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 30% against the previous year. Imports peaked at X square meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, safety glass imports dropped to $X in 2022. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 9.2% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of safety glass to Japan, accounting for a 89% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X square meters), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+13.0% per year) and Thailand (-11.8% per year).

In value terms, China ($X) constituted the largest supplier of safety glass to Japan, comprising 77% of total imports. The second position in the ranking was held by Indonesia ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+13.4% per year) and Thailand (-15.1% per year).

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2021, approximately reflecting the previous year. Overall, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, safety glass import price increased by +68.7% against 2014 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24%. The import price peaked at $X per square meter in 2020, and then contracted slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per square meter), while the price for Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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