Japan: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Japan

The Japanese air or gas liquefier market contracted to $X in 2022, with a decrease of -4.9% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Machinery for Liquefying Air or Gases in Japan

In value terms, air or gas liquefier production declined modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 55% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

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Exports of Machinery for Liquefying Air or Gases

Exports from Japan

Air or gas liquefier exports from Japan skyrocketed to X units in 2022, picking up by 67% compared with the previous year's figure. Overall, exports saw a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 250% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, air or gas liquefier exports fell markedly to $X in 2022. Over the period under review, exports, however, saw a noticeable setback. The growth pace was the most rapid in 2015 when exports increased by 132% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), Mongolia (X units) and Italy (X units) were the main destinations of air or gas liquefier exports from Japan, together comprising 80% of total exports. Moreover, air or gas liquefier exports in China exceeded the figures recorded by the second-largest exporter, Mongolia, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +10.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for machinery for liquefying air or gases exports from Japan, comprising 65% of total exports. The second position in the ranking was held by Italy ($X), with an 18% share of total exports. It was followed by Vietnam, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +53.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-58.2% per year) and Vietnam (+24.4% per year).

Export Prices by Country

The average air or gas liquefier export price stood at $X per unit in 2022, waning by -45.2% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 37% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

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 South Korea ($X per unit), while the average price for exports to Mongolia ($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 UK (+884.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports into Japan

In 2022, overseas purchases of machinery for liquefying air or gases decreased by 0% to X units, falling for the third consecutive year after three years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 300% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, air or gas liquefier imports shrank rapidly to $X in 2022. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 229%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

From 2012 to 2022, the average annual rate of growth in terms of volume from No country was relatively modest.

In value terms, Switzerland ($X) constituted the largest supplier of machinery for liquefying air or gases to Japan, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland stood at -10.7%.

Import Prices by Country

The average air or gas liquefier import price stood at $X per unit in 2022, reducing by -17.5% against the previous year. In general, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 178%. As a result, import price reached the peak level of $X per unit. From 2017 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 Switzerland ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+84,779.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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