Japan: Radiator Market 2023

Radiator Market Size in Japan

The Japanese radiator market skyrocketed to $X in 2022, picking up by 16% 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). Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Radiator Exports

Exports from Japan

In 2022, overseas shipments of radiators for central heating (not electrically heated) increased by 254% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, faced a abrupt slump. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, radiator exports surged to $X in 2022. Overall, exports, however, faced a abrupt downturn. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X tons), China (X tons) and Singapore (X kg) were the main destinations of radiator exports from Japan, together accounting for 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +10.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X) remains the key foreign market for radiators for central heating (not electrically heated) exports from Japan, comprising 69% of total exports. The second position in the ranking was taken by Senegal ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China amounted to +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (0.0% per year) and Singapore (-18.4% per year).

Export Prices by Country

In 2022, the average radiator export price amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2019 an increase of 45%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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 Singapore ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+46.2%), while the prices for the other major destinations experienced more modest paces of growth.

Radiator Imports

Imports into Japan

In 2022, imports of radiators for central heating (not electrically heated) into Japan surged to X tons, with an increase of 30% against the year before. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, radiator imports surged to $X in 2022. Overall, imports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of radiator to Japan, with a 81% share of total imports. Moreover, radiator imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Turkey (X tons), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+93.4% per year) and Turkey (+42.8% per year).

In value terms, Poland ($X) constituted the largest supplier of radiators for central heating (not electrically heated) to Japan, comprising 72% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Belgium, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+64.3% per year) and Belgium (-10.2% per year).

Import Prices by Country

In 2022, the average radiator import price amounted to $X per ton, dropping by -10.6% against the previous year. Overall, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 17%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, 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 Belgium ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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