Japan: Passenger Car Market 2024

Passenger Car Market Size in Japan

The Japanese passenger car market stood at $X in 2022, surging by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Passenger Car Production in Japan

In value terms, passenger car production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Passenger car production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Passenger Car Exports

Exports from Japan

In 2022, the amount of passenger cars exported from Japan contracted modestly to X units, with a decrease of X% against 2021 figures. Over the period under review, exports showed a mild setback. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, passenger car exports stood at $X in 2022. In general, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for passenger car exports from Japan, accounting for a X% share of total exports. Moreover, passenger car exports to the United States exceeded the volume sent to the second major destination, Australia (X units), fourfold. Russia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Russia (X% per year).

In value terms, the United States ($X) remains the key foreign market for passenger cars exports from Japan, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the average passenger car export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Chile ($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 United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Imports

Imports into Japan

In 2022, imports of passenger cars into Japan contracted to X units, dropping by X% against the previous year's figure. In general, imports recorded a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, passenger car imports declined to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest passenger car supplier to Japan, with a X% share of total imports. Moreover, passenger car imports from Germany exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. Spain (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of passenger cars to Japan, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Italy (X% per year).

Import Prices by Country

The average passenger car import price stood at $X per unit in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Thailand ($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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