Japan: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Japan

For the fourth consecutive year, the Japanese electrical board and console market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Electrical board and console consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in Japan

In value terms, electrical board and console production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Electrical board and console production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports from Japan

In 2022, approx. X units of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v were exported from Japan; rising by X% against 2021. In general, exports, however, continue to indicate a deep setback. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electrical board and console exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), South Korea (X units) and Taiwan (Chinese) (X units) were the main destinations of electrical board and console exports from Japan, with a combined X% share of total exports. Vietnam, Turkey, Senegal, Oman, Thailand, India, the United States and South Africa lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical board and console exported from Japan were China ($X), South Korea ($X) and Turkey ($X), together accounting for X% of total exports. Taiwan (Chinese), Senegal, Oman, the United States, Vietnam, Thailand, India and South Africa lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Senegal, with a CAGR of X%, saw 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

In 2022, the average electrical board and console export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price showed a deep setback. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Vietnam ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports into Japan

In 2022, purchases abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports saw a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, electrical board and console imports contracted to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical board and console to Japan, accounting for a X% share of total imports. Moreover, electrical board and console imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sixfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v to Japan, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average electrical board and console import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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