Japan: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Japan

The Japanese market for spray guns and similar appliances declined modestly to $X in 2022, with a decrease of -2.3% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Spray Guns And Similar Appliances in Japan

In value terms, spray guns and similar appliances production declined modestly to $X in 2022 estimated in export price. Overall, production, however, saw a remarkable increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 265% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Spray Guns And Similar Appliances

Exports from Japan

In 2022, shipments abroad of spray guns and similar appliances increased by 2.2% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 31%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, spray guns and similar appliances exports shrank to $X in 2022. Over the period under review, exports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), the United States (X units) and South Korea (X units) were the main destinations of spray guns and similar appliances exports from Japan, with a combined 51% share of total exports. The United Arab Emirates, Vietnam, Thailand, Taiwan (Chinese), Indonesia, Italy, Malaysia, Hong Kong SAR, Australia and India lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +10.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and South Korea ($X) were the largest markets for spray guns and similar appliances exported from Japan worldwide, with a combined 56% share of total exports. Italy, Indonesia, Vietnam, Thailand, India, Taiwan (Chinese), Malaysia, Australia, the United Arab Emirates and Hong Kong SAR lagged somewhat behind, together comprising a further 30%.

Vietnam, with a CAGR of +11.6%, saw the highest growth rate of the value of exports, among 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 export price for spray guns and similar appliances stood at $X per unit in 2022, dropping by -14.8% against the previous year. In general, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into Japan

In 2022, overseas purchases of spray guns and similar appliances decreased by -1.2% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 27%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, spray guns and similar appliances imports shrank to $X in 2022. In general, imports saw a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 23%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest spray guns and similar appliances supplier to Japan, accounting for a 64% share of total imports. Moreover, spray guns and similar appliances imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+108.7% per year) and Taiwan (Chinese) (-7.4% per year).

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) were the largest spray guns and similar appliances suppliers to Japan, with a combined 66% share of total imports. India, Italy and Germany lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, India, with a CAGR of +54.5%, 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 a decline.

Import Prices by Country

In 2022, the average import price for spray guns and similar appliances amounted to $X per unit, waning by -8% against the previous year. In general, the import price, however, posted a strong expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 45% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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