Japan: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Japan

The Japanese transportation vehicle body market declined slightly to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, enjoyed a prominent increase. Transportation vehicle body consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Transportation Vehicle Body Production in Japan

In value terms, transportation vehicle body production reduced to $X in 2022 estimated in export price. In general, production, however, enjoyed a strong expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Transportation vehicle body production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Transportation Vehicle Body Exports

Exports from Japan

In 2022, approx. X units of bodies for motor vehicles for the transporting people were exported from Japan; reducing by X% against the previous year. Over the period under review, exports showed a sharp descent. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, transportation vehicle body exports dropped to $X in 2022. In general, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units), the United States (X units) and India (X units) were the main destinations of transportation vehicle body exports from Japan, with a combined X% share of total exports.

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

In value terms, the United States ($X), India ($X) and China ($X) constituted the largest markets for transportation vehicle body exported from Japan worldwide, with a combined X% share of total exports.

Among the main countries of destination, India, with a CAGR of X%, saw 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

The average transportation vehicle body export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Tanzania ($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 Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Transportation Vehicle Body Imports

Imports into Japan

In 2022, purchases abroad of bodies for motor vehicles for the transporting people decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then contracted markedly in the following year.

In value terms, transportation vehicle body imports reached $X in 2022. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X units) constituted the largest transportation vehicle body supplier to Japan, with a X% share of total imports. Moreover, transportation vehicle body imports from the UK exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, China ($X), Thailand ($X) and the United States ($X) were the largest transportation vehicle body suppliers to Japan, together comprising X% of total imports. Indonesia, India, Mexico and the UK lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, 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 transportation vehicle body import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, saw a noticeable decline. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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