Japan: Check Valve Market 2024

Check Valve Market Size in Japan

The Japanese check valve market expanded slightly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Check Valve Production in Japan

In value terms, check valve production expanded modestly to $X in 2022 estimated in export price. In general, production, however, showed a slight slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Check valve production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Check Valve Exports

Exports from Japan

In 2022, overseas shipments of check valves for pipes, boiler shells, tanks and vats increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, check valve exports fell slightly to $X in 2022. Overall, exports, however, showed a slight setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of check valve exports from Japan, with a combined X% share of total exports. South Korea, Indonesia, Taiwan (Chinese), the Czech Republic, the Philippines, Germany, the United Arab Emirates, Singapore, India and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for check valve exported from Japan were China ($X), the United States ($X) and Thailand ($X), together accounting for X% of total exports. Taiwan (Chinese), Indonesia, South Korea, Germany, India, Singapore, the Czech Republic, the Philippines, Hong Kong SAR and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average check valve export price amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Japan

In 2022, overseas purchases of check valves for pipes, boiler shells, tanks and vats were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, check valve imports shrank 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest check valve supplier to Japan, accounting for a X% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a X% share.

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

In value terms, the United States ($X), China ($X) and Thailand ($X) were the largest check valve suppliers to Japan, together comprising X% of total imports.

Thailand, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average check valve import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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