Japan - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Japan - 2023
Contents:
- Thermostat Price in Japan (FOB) - 2023
- Thermostat Price in Japan (CIF) - 2023
- Thermostat Exports in Japan
- Thermostat Imports in Japan
Thermostat Price in Japan (FOB) - 2023
In July 2023, the average thermostat export price amounted to $3.1 per unit, standing approximately at the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 19% month-to-month. As a result, the export price reached the peak level of $3.9 per unit. From June 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was China ($7.7 per unit), while the average price for exports to Canada ($1.1 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Price in Japan (CIF) - 2023
In July 2023, the average thermostat import price amounted to $4.6 per unit, growing by 26% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 79% against the previous month. As a result, import price reached the peak level of $6.7 per unit. From January 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($5.9 per unit), while the price for India ($1.4 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Thermostat Exports in Japan
In 2022, approx. 4.4M units of thermostats were exported from Japan; declining by -8.7% compared with the year before. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of 4.9M units, and then fell in the following year.
In value terms, thermostat exports contracted to $116M in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of $130M, and then declined in the following year.
| Export of Thermostat in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.1 | 22.8 | 29.6 | 26.7 | -3.9% |
| China | 16.1 | 12.8 | 26.6 | 23.5 | 13.4% |
| Thailand | 10.0 | 8.6 | 11.3 | 10.1 | 0.3% |
| Vietnam | 4.6 | 6.9 | 9.2 | 8.4 | 22.2% |
| Hong Kong SAR | 8.2 | 7.7 | 9.4 | 7.1 | -4.7% |
| Mexico | 8.6 | 5.9 | 6.2 | 5.1 | -16.0% |
| Indonesia | 2.7 | 1.6 | 3.1 | 3.6 | 10.1% |
| United Arab Emirates | 2.9 | 2.4 | 2.5 | 2.9 | 0.0% |
| Canada | 0.1 | 1.1 | 2.8 | 2.2 | 180.2% |
| Taiwan (Chinese) | 1.2 | 1.5 | 2.0 | 1.8 | 14.5% |
| South Korea | 1.5 | 1.5 | 2.1 | 1.8 | 6.3% |
| Others | 22.1 | 20.3 | 24.9 | 22.9 | 1.2% |
| Total | 108 | 93.1 | 130 | 116 | 2.4% |
Top Export Markets for Thermostat from Japan in 2022:
- United States (1020.3K units)
- China (896.1K units)
- Thailand (383.9K units)
- Vietnam (319.0K units)
- Hong Kong SAR (271.2K units)
- Mexico (193.1K units)
- Indonesia (138.7K units)
- United Arab Emirates (107.3K units)
- Canada (85.4K units)
- Taiwan (Chinese) (69.5K units)
- South Korea (68.4K units)
Thermostat Imports in Japan
In 2022, imports of thermostats into Japan fell to 17M units, reducing by -6.6% on the previous year's figure. Overall, imports faced a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 3.5%. Imports peaked at 24M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, thermostat imports soared to $54M in 2022. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $55M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Thermostat in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.5 | 14.0 | 16.9 | 15.3 | -2.5% |
| Myanmar | N/A | N/A | N/A | 8.5 | 0% |
| Germany | 10.9 | 7.4 | 5.3 | 8.3 | -8.7% |
| United States | 5.1 | 3.3 | 3.5 | 5.8 | 4.4% |
| Vietnam | 5.6 | 4.8 | 6.5 | 5.2 | -2.4% |
| South Korea | 1.4 | 2.7 | 2.3 | 1.9 | 10.7% |
| United Kingdom | 1.9 | 0.3 | 2.3 | 1.6 | -5.6% |
| Czech Republic | 2.3 | 2.3 | 2.3 | 1.3 | -17.3% |
| France | 1.0 | 0.7 | 0.9 | 0.8 | -7.2% |
| Others | 10.2 | 6.4 | 6.6 | 5.3 | -19.6% |
| Total | 55.1 | 42.1 | 46.7 | 54.1 | -0.6% |
Top Suppliers of Thermostat to Japan in 2022:
- China (4.7M units)
- Myanmar (2.6M units)
- Germany (2.5M units)
- United States (1.8M units)
- Vietnam (1.6M units)
- South Korea (0.6M units)
- United Kingdom (0.5M units)
- Czech Republic (0.4M units)
- France (0.3M units)
This report provides an in-depth analysis of the thermostat market 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.
Product coverage:
- Prodcom 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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