Report Update: Apr 1, 2024

Japan - Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Truck Price in Japan - 2023

Truck Price in Japan (FOB) - 2023

In July 2023, the average truck export price amounted to $38,885 per unit, leveling off at the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 6.3% against the previous month. Over the period under review, the average export prices attained the maximum at $41,321 per unit in August 2022; afterwards, it flattened through to July 2023.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the United States ($51,410 per unit), while the average price for exports to France ($23,947 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Price in Japan (CIF) - 2023

In July 2023, the average truck import price amounted to $28,190 per unit, remaining relatively unchanged against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average import price increased by 9.9% against the previous month. The import price peaked at $30,217 per unit in February 2023; afterwards, it flattened through to July 2023.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($28,282 per unit), while the price for Indonesia ($27,870 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Truck Exports in Japan

In 2022, approx. 230K units of trucks were exported from Japan; picking up by 4% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, truck exports dropped modestly to $8.7B in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. As a result, the exports reached the peak of $9.1B, and then contracted in the following year.

Export of Truck in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	1,011	1,045	1,648	1,624	17.1%
United States	689	280	503	545	-7.5%
Saudi Arabia	451	407	480	501	3.6%
Taiwan (Chinese)	427	349	509	425	-0.2%
United Arab Emirates	394	310	476	420	2.2%
Vietnam	169	247	309	340	26.2%
Philippines	418	287	356	307	-9.8%
South Africa	283	166	278	297	1.6%
Colombia	223	186	275	293	9.5%
Mexico	329	204	242	271	-6.3%
New Zealand	234	148	294	259	3.4%
Italy	127	99.5	191	205	17.3%
Jordan	86.8	94.2	145	137	16.4%
Others	2,862	2,313	3,383	3,080	2.5%
Total	7,706	6,137	9,090	8,703	4.1%

Top Export Markets for Truck from Japan in 2022:

Australia (39.9K units)
United Arab Emirates (21.4K units)
Saudi Arabia (13.4K units)
United States (10.8K units)
Taiwan (Chinese) (9.8K units)
Italy (7.0K units)
Colombia (6.9K units)
South Africa (6.8K units)
Philippines (6.7K units)
Mexico (6.5K units)
Vietnam (6.1K units)
New Zealand (5.1K units)
Jordan (4.9K units)

Truck Imports in Japan

Truck imports into Japan declined to 19K units in 2022, with a decrease of -8.3% on the previous year. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of 20K units, and then shrank in the following year.

In value terms, truck imports amounted to $537M in 2022. The total import value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Truck in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	129	174	252	253	25.2%
Indonesia	146	167	229	248	19.3%
United States	21.4	21.3	20.4	15.8	-9.6%
United Arab Emirates	75.9	18.0	19.0	N/A	-50.0%
Others	24.3	45.6	16.4	20.6	-5.4%
Total	396	426	536	537	10.7%

Top Suppliers of Truck to Japan in 2022:

Thailand (8.9K units)
Indonesia (8.9K units)
United States (0.6K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the truck 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 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023