
Japan - Wiring Sets Used in Vehicles, Aircraft or Ships - Market Analysis, Forecast, Size, Trends and Insights
Japan: Market for Wiring sets used in vehicles, aircraft or ships 2023
Market Size for Wiring sets used in vehicles, aircraft or ships in Japan
The Japanese market for wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2021, jumping by 17% against the previous year. In general, consumption posted buoyant growth. Consumption of peaked in 2021 and is expected to retain growth in years to come.
Production of Wiring sets used in vehicles, aircraft or ships in Japan
In value terms, production of wiring sets used in vehicles, aircraft or ships rose modestly to $X in 2021 estimated in export price. In general, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 192%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.
Exports of Wiring sets used in vehicles, aircraft or ships
Exports from Japan
In 2021, overseas shipments of wiring sets used in vehicles, aircraft or ships decreased by -10.2% to X tons, falling for the second consecutive year after five years of growth. Overall, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 16%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a lower figure.
In value terms, exports of wiring sets used in vehicles, aircraft or ships contracted significantly to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, the exports attained the peak of $X, and then shrank notably in the following year.
Exports by Country
The United States (X tons), Russia (X tons) and China (X tons) were the main destinations of exports of wiring sets used in vehicles, aircraft or ships from Japan, together comprising 46% of total exports. Mexico, Vietnam, the Philippines, Turkey, the UK, Canada, Thailand, India, Malaysia and Brazil lagged somewhat behind, together comprising a further 42%.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +45.4%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Japan, comprising 30% of total exports. The second position in the ranking was held by China ($X), with a 15% share of total exports. It was followed by Russia, with an 8.8% share.
From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.8% per year) and Russia (+16.9% per year).
Export Prices by Country
The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, which is down by -6.4% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wiring sets used in vehicles, aircraft or ships
Imports into Japan
Imports of wiring sets used in vehicles, aircraft or ships into Japan reached X tons in 2021, increasing by 5.7% compared with 2020. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 5.9%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.
In value terms, imports of wiring sets used in vehicles, aircraft or ships rose markedly to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
Vietnam (X tons), the Philippines (X tons) and Indonesia (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Japan, together accounting for 81% of total imports. China, Thailand and Cambodia lagged somewhat behind, together accounting for a further 17%.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of +43.8%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Vietnam ($X), the Philippines ($X) and Indonesia ($X) appeared to be the largest wiring sets used in vehicles, aircraft or ships suppliers to Japan, together accounting for 76% of total imports. China, Thailand and Cambodia lagged somewhat behind, together comprising a further 21%.
Cambodia, with a CAGR of +36.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, with an increase of 7.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for wiring sets used in vehicles, aircraft or ships in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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