Japan: Magnetic Card Market 2024

Magnetic Card Market Size in Japan

The Japanese magnetic card market fell to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a abrupt descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Magnetic Card Production in Japan

In value terms, magnetic card production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Magnetic Card Exports

Exports from Japan

In 2022, magnetic card exports from Japan dropped remarkably to X units, with a decrease of X% compared with 2021 figures. In general, exports saw a significant decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, magnetic card exports expanded to $X in 2022. Over the period under review, exports recorded a significant curtailment. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for magnetic card exports from Japan, accounting for a X% share of total exports. Moreover, magnetic card exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and China (X% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for cards incorporating a magnetic stripe exports from Japan, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average magnetic card export price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

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

Magnetic Card Imports

Imports into Japan

In 2022, overseas purchases of cards incorporating a magnetic stripe decreased by X% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, magnetic card imports fell markedly to $X in 2022. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Vietnam (X units), the United States (X units) and Taiwan (Chinese) (X units) were the main suppliers of magnetic card 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 mixed trend patterns.

In value terms, Vietnam ($X) constituted the largest supplier of cards incorporating a magnetic stripe to Japan, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the United States (X% per year).

Import Prices by Country

The average magnetic card import price stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per unit) and Vietnam ($X per unit), while the price for the United States ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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