Japan: Screwdriver Market 2025

Screwdriver Market Size in Japan

The Japanese screwdriver market contracted to $X in 2021, which is down by -12.2% against the previous year. Overall, consumption continues to indicate a deep contraction. Screwdriver consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Screwdriver Production in Japan

In value terms, screwdriver production contracted sharply to $X in 2021 estimated in export price. Overall, production faced a drastic downturn. The growth pace was the most rapid in 2020 when the production volume increased by 49% against the previous year. Screwdriver production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Screwdriver Exports

Exports from Japan

In 2021, exports of screwdrivers from Japan fell to X tons, dropping by -10.6% on the previous year. Overall, exports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2020 when exports increased by 11%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, screwdriver exports surged to $X in 2021. In general, exports showed a mild downturn. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for screwdriver exports from Japan, accounting for a 44% share of total exports. Moreover, screwdriver exports to South Korea exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The United States (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea stood at -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-4.7% per year) and the United States (+12.3% per year).

In value terms, South Korea ($X), Hong Kong SAR ($X) and the United States ($X) were the largest markets for screwdriver exported from Japan worldwide, with a combined 60% share of total exports. Thailand, China, Taiwan (Chinese), Singapore, Vietnam, Australia, Israel and Saudi Arabia lagged somewhat behind, together comprising a further 22%.

In terms of the main countries of destination, Australia, with a CAGR of +11.5%, recorded the highest rates of growth with regard to 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 screwdriver export price amounted to $X per ton, increasing by 33% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. 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 Hong Kong SAR ($X per ton), while the average price for exports to Israel ($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 Saudi Arabia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Screwdriver Imports

Imports into Japan

In 2021, supplies from abroad of screwdrivers increased by 0.9% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 22% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, screwdriver imports surged to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 18%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest screwdriver supplier to Japan, accounting for a 67% share of total imports. Moreover, screwdriver imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.4% per year) and Thailand (+10.1% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Thailand ($X) constituted the largest screwdriver suppliers to Japan, together accounting for 81% of total imports. South Korea lagged somewhat behind, comprising a further 0.9%.

In terms of the main suppliers, South Korea, with a CAGR of +30.6%, saw the highest rates of growth with regard to 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 screwdriver import price stood at $X per ton in 2021, picking up by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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