Japan: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in Japan

For the third year in a row, the Japanese vacuum cleaner with motor market recorded decline in sales value, which decreased by -6.1% to $X in 2021. In general, consumption, however, continues to indicate a mild curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Vacuum Cleaners With Motor in Japan

In value terms, vacuum cleaner with motor production stood at $X in 2021 estimated in export price. Overall, production, however, showed a pronounced descent. The growth pace was the most rapid in 2016 when the production volume increased by 1%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Vacuum Cleaners With Motor

Exports from Japan

Vacuum cleaner with motor exports from Japan dropped to X tons in 2021, shrinking by -5.8% on the year before. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 47%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, vacuum cleaner with motor exports dropped to $X in 2021. Over the period under review, exports showed a mild setback. The most prominent rate of growth was recorded in 2014 when exports increased by 32% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for vacuum cleaner with motor exports from Japan, accounting for a 35% share of total exports. Moreover, vacuum cleaner with motor exports to the United Arab Emirates exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-13.0% per year) and Saudi Arabia (-6.4% per year).

In value terms, the United Arab Emirates ($X), Taiwan (Chinese) ($X) and Saudi Arabia ($X) appeared to be the largest markets for vacuum cleaner with motor exported from Japan worldwide, together comprising 55% of total exports. These countries were followed by South Korea, China, Kuwait, Germany, the United States, Egypt, Vietnam, the UK and the Netherlands, which together accounted for a further 29%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +73.8%, recorded 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 vacuum cleaner with motor export price amounted to $X per ton, surging by 3.3% against the previous year. In general, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vacuum cleaner with motor export price increased by +93.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 53%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Egypt ($X per ton) and Kuwait ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into Japan

Vacuum cleaner with motor imports into Japan totaled X tons in 2021, increasing by 1.9% against 2020. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 24% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, vacuum cleaner with motor imports shrank to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 24% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest vacuum cleaner with motor supplier to Japan, with a 75% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold.

From 2012 to 2021, 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: Malaysia (+9.6% per year) and the Philippines (+28.3% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to Japan, comprising 67% of total imports. The second position in the ranking was held by Malaysia ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.4% per year) and the Philippines (+26.6% per year).

Import Prices by Country

In 2021, the average vacuum cleaner with motor import price amounted to $X per ton, waning by -10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2015 an increase of 11% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :