Japan: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Japan

In 2022, the Japanese metal solid fuel appliances market decreased by -12.6% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +90.7% against 2017 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Japan

In 2022, approx. X units of iron or steel solid fuel domestic appliances were exported from Japan; jumping by 60% compared with 2021 figures. Overall, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 232% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, metal solid fuel appliances exports surged to $X in 2022. In general, exports, however, saw a slight contraction. The pace of growth was the most pronounced in 2019 with an increase of 171% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), Taiwan (Chinese) (X units) and Vietnam (X units) were the main destinations of metal solid fuel appliances exports from Japan, with a combined 58% share of total exports. Poland, South Korea, the United States and the Netherlands lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +139.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Vietnam ($X) appeared to be the largest markets for metal solid fuel appliances exported from Japan worldwide, together comprising 58% of total exports. Poland, South Korea, the United States and the Netherlands lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +148.1%, 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 metal solid fuel appliances export price stood at $X per unit in 2022, which is down by -2.1% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal solid fuel appliances export price decreased by -7.8% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and the Netherlands ($X per unit), while the average price for exports to Poland ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Japan

After four years of growth, purchases abroad of iron or steel solid fuel domestic appliances decreased by -28.4% to X units in 2022. In general, imports showed a slight descent. The most prominent rate of growth was recorded in 2016 when imports increased by 29% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then dropped significantly in the following year.

In value terms, metal solid fuel appliances imports shrank to $X in 2022. Overall, imports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest metal solid fuel appliances supplier to Japan, accounting for a 40% share of total imports. Moreover, metal solid fuel appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Belgium (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.9% per year) and Belgium (-1.5% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel solid fuel domestic appliances to Japan, comprising 40% of total imports. The second position in the ranking was held by the United States ($X), with a 10% share of total imports. It was followed by Belgium, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.0% per year) and Belgium (+2.9% per year).

Import Prices by Country

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, growing by 29% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal solid fuel appliances import price increased by +90.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 41%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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