Japan: Market for Multiple-Walled Insulating Units Of Glass 2023

Market Size for Multiple-Walled Insulating Units Of Glass in Japan

The Japanese multiple-walled insulating glass unit market expanded markedly to $X in 2021, increasing by 5.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a deep downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Japan

In 2021, shipments abroad of multiple-walled insulating units of glass decreased by -37.4% to X square meters, falling for the fourth year in a row after six years of growth. Over the period under review, exports, however, showed a prominent increase. The growth pace was the most rapid in 2015 with an increase of 205%. The exports peaked at X square meters in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit exports contracted markedly to $X in 2021. Overall, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 162%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X square meters) was the main destination for multiple-walled insulating glass unit exports from Japan, accounting for a 78% share of total exports. Moreover, multiple-walled insulating glass unit exports to the United States exceeded the volume sent to the second major destination, South Korea (X square meters), eightfold. Indonesia (X square meters) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +52.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+4.2% per year) and Indonesia (+9.0% per year).

In value terms, the United States ($X) remains the key foreign market for multiple-walled insulating units of glass exports from Japan, comprising 70% of total exports. The second position in the ranking was held by South Korea ($X), with a 12% share of total exports. It was followed by Indonesia, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +63.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+9.2% per year) and Indonesia (+19.9% per year).

Export Prices by Country

In 2021, the average multiple-walled insulating glass unit export price amounted to $X per square meter, rising by 3.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2018 an increase of 52% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per square meter), while the average price for exports to the United States ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Japan

Multiple-walled insulating glass unit imports into Japan expanded to X square meters in 2021, with an increase of 3.1% compared with 2020. Overall, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 85% against the previous year. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports expanded slightly to $X in 2021. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 63% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of multiple-walled insulating glass unit to Japan, accounting for a 70% share of total imports. Moreover, multiple-walled insulating glass unit imports from China exceeded the figures recorded by the second-largest supplier, Germany (X square meters), eightfold. Taiwan (Chinese) (X square meters) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.4% per year) and Taiwan (Chinese) (+20.5% per year).

In value terms, China ($X) constituted the largest supplier of multiple-walled insulating units of glass to Japan, comprising 48% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and the United States (+10.6% per year).

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, approximately mirroring the previous year. Overall, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, multiple-walled insulating glass unit import price decreased by -12.4% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 34%. The import price peaked at $X per square meter in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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