Updated Oct 18, 2022 01:52

Non-Reinforced Rubber Tubing Market in Japan

Market Overview
The Japanese non-reinforced rubber tubing market reached $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Non-reinforced rubber tubing consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.

In value terms, non-reinforced rubber tubing production expanded modestly to $ in estimated in export price. Over the period under review, the total production indicated pronounced growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The most prominent rate of growth was recorded in 2008 with an increase of %. Over the period under review, production reached the peak level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.


Consumption
In , consumption of rubber tubing not reinforced increased by % to tons, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a buoyant expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, consumption reached the peak volume at tons in 2018; however, from 2019 to , consumption remained at a lower figure.

The size of the non-reinforced rubber tubing market in Japan rose slightly to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Non-reinforced rubber tubing consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for non-reinforced rubber tubing in Japan, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Japan remains a net exporter of non-reinforced rubber tubing; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.