Japan: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Japan

In 2021, after four years of growth, there was decline in the Japanese market for pneumatic or hydraulic hand tools, when its value decreased by -4.6% to $X. In general, consumption recorded a noticeable decrease. Pneumatic or hydraulic hand tool consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Pneumatic Or Hydraulic Hand Tools in Japan

In value terms, pneumatic or hydraulic hand tool production totaled $X in 2021 estimated in export price. Overall, production showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 5.8%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Japan

In 2021, overseas shipments of pneumatic or hydraulic hand tools were finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. Overall, exports, however, showed a pronounced contraction. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports soared to $X in 2021. Over the period under review, exports, however, saw a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Japan, with a 24% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to the United States exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+5.2% per year) and South Korea (-0.9% per year).

In value terms, the United States ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from Japan, comprising 23% of total exports. The second position in the ranking was taken by South Korea ($X), with an 8.8% share of total exports. It was followed by France, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-4.0% per year) and France (-4.8% per year).

Export Prices by Country

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2016 an increase of 9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam ($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 Colombia (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Japan

In 2021, approx. X tons of pneumatic or hydraulic hand tools were imported into Japan; picking up by 6% on the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 38%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports amounted to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 19%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Japan, accounting for a 66% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was taken by Thailand (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.8% per year) and Thailand (+28.8% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Japan, comprising 44% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total imports. It was followed by Sweden, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.5% per year) and Sweden (+1.5% per year).

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, increasing by 3.4% against the previous year. Over the period under review, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2016 an increase of 8.2%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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