Japan: Circuit Breaker Market 2024

Circuit Breaker Market Size in Japan

In 2022, the Japanese circuit breaker market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a perceptible downturn. Circuit breaker consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Circuit Breaker Production in Japan

In value terms, circuit breaker production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced setback. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Circuit Breaker Exports

Exports from Japan

In 2022, overseas shipments of automatic circuit breakers increased by X% to X units, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, circuit breaker exports shrank slightly to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Vietnam (X units), Taiwan (Chinese) (X units) and China (X units) were the main destinations of circuit breaker exports from Japan, together accounting for X% of total exports. Malaysia, South Korea, Singapore, Thailand, the UK, Pakistan, Kuwait, Australia, India and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for automatic circuit breakers exports from Japan, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

The average circuit breaker export price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price continues to indicate a slight setback. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Pakistan ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Japan

In 2022, the amount of automatic circuit breakers imported into Japan soared to X units, increasing by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, circuit breaker imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Vietnam (X units) and Thailand (X units) were the main suppliers of circuit breaker imports to Japan, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest circuit breaker suppliers to Japan were China ($X), Thailand ($X) and Vietnam ($X), together comprising X% of total imports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 circuit breaker import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the maximum 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 Italy ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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