Japan: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in Japan

In 2022, after three years of growth, there was significant decline in the Japanese snow motor vehicle market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed a buoyant increase. Snow motor vehicle consumption peaked at $X in 2021, and then reduced in the following year.

Snow Motor Vehicle Production in Japan

In value terms, snow motor vehicle production stood at $X in 2022 estimated in export price. In general, production continues to indicate a slight contraction. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Snow motor vehicle production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Snow Motor Vehicle Exports

Exports from Japan

In 2022, approx. X units of motor vehicles for travelling on snow or golf cars were exported from Japan; reducing by X% on the previous year. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, snow motor vehicle exports reduced dramatically to $X in 2022. Over the period under review, exports faced a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X units) was the main destination for snow motor vehicle exports from Japan, with a X% share of total exports. Moreover, snow motor vehicle exports to South Korea exceeded the volume sent to the second major destination, Canada (X units), fivefold. The third position in this ranking was held by the Philippines (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the Philippines (X% per year).

In value terms, South Korea ($X) remains the key foreign market for motor vehicles for travelling on snow or golf cars exports from Japan, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average snow motor vehicle export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Vietnam ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced mixed trend patterns.

Snow Motor Vehicle Imports

Imports into Japan

After three years of growth, overseas purchases of motor vehicles for travelling on snow or golf cars decreased by X% to X units in 2022. In general, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then dropped markedly in the following year.

In value terms, snow motor vehicle imports shrank to $X in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and the United States (X units) were the main suppliers of snow motor vehicle imports to Japan, with a combined X% share of total imports. South Korea, Finland and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest snow motor vehicle suppliers to Japan were South Korea ($X), Finland ($X) and the United States ($X), with a combined X% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average snow motor vehicle import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, recorded a mild shrinkage. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Canada ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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