Japan: Vacuum Pump Market 2024

Vacuum Pump Market Size in Japan

In 2022, the Japanese vacuum pump market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vacuum Pump Production in Japan

In value terms, vacuum pump production totaled $X in 2022 estimated in export price. In general, production, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 3.8% against the previous year. Vacuum pump production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vacuum Pump Exports

Exports from Japan

In 2022, overseas shipments of vacuum pumps increased by 9.2% to X units, rising for the third consecutive year after two years of decline. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vacuum pump exports expanded sharply to $X in 2022. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Thailand (X units), China (X units) and South Korea (X units) were the main destinations of vacuum pump exports from Japan, together comprising 81% of total exports. The United States and Singapore lagged somewhat behind, together comprising a further 6.4%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +22.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump exported from Japan were China ($X), the United States ($X) and South Korea ($X), together accounting for 65% of total exports. Singapore and Thailand lagged somewhat behind, together accounting for a further 8.1%.

In terms of the main countries of destination, Singapore, with a CAGR of +21.5%, saw 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

The average vacuum pump export price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained 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 the United States ($X per unit), while the average price for exports to Thailand ($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 the United States (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Vacuum Pump Imports

Imports into Japan

In 2022, purchases abroad of vacuum pumps increased by 93% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vacuum pump imports skyrocketed to $X in 2022. Overall, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of vacuum pump to Japan, accounting for a 73% share of total imports. Moreover, vacuum pump imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was taken by South Korea (X units), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.5% per year) and South Korea (+8.3% per year).

In value terms, Germany ($X), China ($X) and South Korea ($X) were the largest vacuum pump suppliers to Japan, with a combined 29% share of total imports. The Czech Republic and the United States lagged somewhat behind, together comprising a further 12%.

The Czech Republic, with a CAGR of +6.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vacuum pump import price stood at $X per unit in 2022, which is down by -5.3% against the previous year. Overall, the import price showed a perceptible descent. The pace of growth was the most pronounced in 2017 a decrease of -2.7% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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