Japan - Road Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRoad Wheel Price in Japan - 2023
Contents:
- Road Wheel Price in Japan (CIF) - 2023
- Road Wheel Price in Japan (FOB) - 2023
- Road Wheel Imports in Japan
- Road Wheel Exports in Japan
Road Wheel Price in Japan (CIF) - 2023
In September 2023, the average road wheel import price amounted to $4,811 per ton, growing by 2.1% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 2.6% month-to-month. As a result, import price reached the peak level of $5,331 per ton. From January 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Thailand ($5,504 per ton), while the price for Vietnam ($2,390 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.4%), while the prices for the other major suppliers experienced a decline.
Road Wheel Price in Japan (FOB) - 2023
In September 2023, the average road wheel export price amounted to $4,185 per ton, increasing by 1.8% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 14% against the previous month. As a result, the export price attained the peak level of $4,699 per ton. From January 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Germany ($8,024 per ton), while the average price for exports to Myanmar ($478 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Road Wheel Imports in Japan
In 2022, the amount of road wheels imported into Japan contracted modestly to 277K tons, dropping by -3.3% compared with 2021. Overall, imports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 21%.
In value terms, road wheel imports totaled $1.5B in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Road Wheel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 880 | 691 | 930 | 1,044 | 5.9% |
| Indonesia | 173 | 145 | 202 | 160 | -2.6% |
| Thailand | 41.1 | 24.4 | 39.3 | 62.0 | 14.7% |
| Taiwan (Chinese) | 65.6 | 51.1 | 58.4 | 45.5 | -11.5% |
| South Korea | 56.0 | 26.6 | 35.6 | 26.8 | -21.8% |
| India | 11.8 | 9.8 | 17.9 | 22.7 | 24.4% |
| Vietnam | 3.0 | 2.9 | 7.7 | 14.8 | 70.2% |
| Others | 96.7 | 87.9 | 116 | 107 | 3.4% |
| Total | 1,327 | 1,039 | 1,407 | 1,483 | 3.8% |
Top Suppliers of Road Wheel to Japan in 2022:
- China (200.4K tons)
- Indonesia (30.1K tons)
- Thailand (11.0K tons)
- India (7.3K tons)
- Vietnam (6.4K tons)
- South Korea (5.2K tons)
- Taiwan (Chinese) (3.5K tons)
Road Wheel Exports in Japan
In 2022, the amount of road wheels exported from Japan declined notably to 62K tons, waning by -16.8% compared with the previous year's figure. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year.
In value terms, road wheel exports dropped to $322M in 2022. Overall, exports recorded a mild reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. As a result, the exports reached the peak of $344M, and then dropped in the following year.
| Export of Road Wheel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 113 | 95.9 | 123 | 115 | 0.6% |
| Russia | 26.2 | 23.2 | 33.4 | 26.2 | 0.0% |
| China | 13.7 | 13.2 | 21.5 | 17.6 | 8.7% |
| Australia | 16.2 | 13.2 | 13.8 | 17.2 | 2.0% |
| Thailand | 18.2 | 17.4 | 23.6 | 16.8 | -2.6% |
| Taiwan (Chinese) | 7.8 | 9.7 | 10.7 | 10.5 | 10.4% |
| United Kingdom | 25.0 | 16.9 | 11.3 | 9.2 | -28.3% |
| Malaysia | 9.3 | 6.3 | 8.8 | 8.9 | -1.5% |
| Germany | 7.2 | 3.2 | 4.8 | 8.4 | 5.3% |
| Indonesia | 10.4 | 4.9 | 4.8 | 5.7 | -18.2% |
| Philippines | 3.9 | 3.5 | 4.9 | 5.1 | 9.4% |
| Vietnam | 7.8 | 4.2 | 4.9 | 4.7 | -15.5% |
| Others | 78.8 | 62.7 | 78.3 | 76.9 | -0.8% |
| Total | 338 | 274 | 344 | 322 | -1.6% |
Top Export Markets for Road Wheel from Japan in 2022:
- United States (17.4K tons)
- Russia (14.0K tons)
- Thailand (3.7K tons)
- Australia (3.0K tons)
- China (3.0K tons)
- Malaysia (2.3K tons)
- Taiwan (Chinese) (1.8K tons)
- Philippines (1.3K tons)
- Indonesia (1.2K tons)
- Vietnam (1.2K tons)
- Germany (1.0K tons)
- United Kingdom (0.7K tons)
This report provides an in-depth analysis of the road wheel market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29323040 - Road wheels and parts and accessories thereof
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The most notable growth rate was in September 2023 with a 22% month-on-month increase in imports. In terms of value, Road Wheel imports decreased to $144M in November 2023.
237
In March 2023, the rate of growth for Road Wheel reached its peak at a significant increase of 21% in comparison to the previous month. The value of road wheel imports in July 2023 was recorded at $115M.
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