Japan: Tap And Valve Market 2024

Tap And Valve Market Size in Japan

In 2023, the Japanese tap and valve market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Tap and valve consumption peaked at $X in 2016; afterwards, it flattened through to 2023.

Tap And Valve Production in Japan

In value terms, tap and valve production reduced to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Tap And Valve Exports

Exports from Japan

In 2023, the amount of taps, cocks, valves and similar appliances exported from Japan plummeted to X tons, falling by X% against the previous year's figure. In general, exports saw a mild reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, tap and valve exports shrank to $X in 2023. Overall, exports saw a mild curtailment. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of tap and valve exports from Japan, with a combined X% share of total exports. Thailand, India, Indonesia, Taiwan (Chinese), Belgium, Vietnam, Germany, the UK, Brazil and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tap and valve exported from Japan were China ($X), the United States ($X) and South Korea ($X), together comprising X% of total exports. Thailand, Taiwan (Chinese), Indonesia, Belgium, India, Germany, Mexico, Vietnam, Brazil and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tap and valve export price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 more modest paces of growth.

Tap And Valve Imports

Imports into Japan

After two years of growth, supplies from abroad of taps, cocks, valves and similar appliances decreased by X% to X tons in 2023. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, tap and valve imports rose to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Vietnam (X tons) and Thailand (X tons) were the main suppliers of tap and valve imports to Japan, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), the United States ($X) and Vietnam ($X) constituted the largest tap and valve suppliers to Japan, with a combined X% share of total imports. Germany, Taiwan (Chinese), South Korea and Thailand lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average tap and valve import price amounted to $X per ton, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform