Japan: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Japan

The Japanese non-propelled vehicle market expanded modestly to $X in 2022, surging by X% against the previous year. Overall, consumption, however, continues to indicate a noticeable decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Non-Propelled Vehicle Production in Japan

In value terms, non-propelled vehicle production rose to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Non-Propelled Vehicle Exports

Exports from Japan

Non-propelled vehicle exports from Japan fell to X units in 2022, declining by X% compared with the previous year. Over the period under review, exports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-propelled vehicle exports expanded modestly to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units), Singapore (X units) and China (X units) were the main destinations of non-propelled vehicle exports from Japan, with a combined X% share of total exports. Taiwan (Chinese), the Netherlands, Malaysia, the United States, the Philippines, the United Arab Emirates, New Zealand, Hong Kong SAR, Thailand and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-propelled vehicle exported from Japan were the United States ($X), China ($X) and Saudi Arabia ($X), together comprising X% of total exports. The United Arab Emirates, Singapore, Taiwan (Chinese), South Korea, Malaysia, the Netherlands, Thailand, the Philippines, Hong Kong SAR and New Zealand lagged somewhat behind, together accounting for a further X%.

New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-propelled vehicle export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

Non-Propelled Vehicle Imports

Imports into Japan

In 2022, approx. X units of vehicles not mechanically propelled were imported into Japan; surging by X% on the year before. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-propelled vehicle imports rose slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Vietnam (X units) and Taiwan (Chinese) (X units) were the main suppliers of non-propelled vehicle imports to Japan, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of vehicles not mechanically propelled to Japan, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average non-propelled vehicle import price amounted to $X per unit, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, 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

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