Japan: Swivel Seat Market 2024

Swivel Seat Market Size in Japan

In 2022, after six years of growth, there was significant decline in the Japanese swivel seat market, when its value decreased by -6.3% to $X. Overall, consumption, however, enjoyed buoyant growth. Swivel seat consumption peaked at $X in 2021, and then reduced in the following year.

Swivel Seat Production in Japan

In value terms, swivel seat production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 148% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Swivel Seat Exports

Exports from Japan

In 2022, the amount of swivel seats with variable height adjustments exported from Japan contracted to X units, declining by -5.1% compared with the year before. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 114%. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, swivel seat exports reduced to $X in 2022. In general, exports saw a pronounced downturn. The pace of growth was the most pronounced in 2019 when exports increased by 22%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), the United States (X units) and Australia (X units) were the main destinations of swivel seat exports from Japan, together comprising 40% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +24.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for swivel seat exported from Japan were the United States ($X), China ($X) and Australia ($X), with a combined 41% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +26.8%, 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 swivel seat export price stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, swivel seat export price increased by +80.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 79%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Indonesia ($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 Thailand (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Swivel Seat Imports

Imports into Japan

After three years of growth, overseas purchases of swivel seats with variable height adjustments decreased by -6.5% to X units in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 45%. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted in the following year.

In value terms, swivel seat imports reduced to $X in 2022. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 43%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of swivel seat to Japan, with a 79% share of total imports. Moreover, swivel seat imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. The third position in this ranking was taken by the United States (X units), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-6.7% per year) and the United States (+21.3% per year).

In value terms, China ($X) constituted the largest supplier of swivel seats with variable height adjustments to Japan, comprising 80% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by the United States, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.0% per year) and the United States (+2.9% per year).

Import Prices by Country

The average swivel seat import price stood at $X per unit in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 33%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per unit) and China ($X per unit), while the price for the United States ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :