Updated Jan 23, 2023 03:07

Porcelain Technical Ware Market in Japan

Market Overview
The Japanese porcelain technical ware market stood at $ in , increasing 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). In general, consumption recorded resilient growth. Porcelain technical ware consumption peaked in and is likely to see gradual growth in years to come.

In value terms, porcelain technical ware production amounted to $ in estimated in export price. Overall, production showed moderate growth. The most prominent rate of growth was recorded in 2015 with an increase of %. Over the period under review, production attained the maximum level at $ in ; however, from to , production stood at a somewhat lower figure.


Consumption
In , consumption of porcelain ceramic wares for laboratory, technical, and chemical use increased by % to tons, rising for the fourth consecutive year after two years of decline. In general, consumption posted a resilient expansion. Porcelain technical ware consumption peaked in and is expected to retain growth in years to come.

The value of the porcelain technical ware market in Japan rose rapidly to $ in , surging 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, consumption showed a resilient increase. Porcelain technical ware consumption peaked in and is expected to retain growth in the immediate term.


Market Forecast
Driven by increasing demand for porcelain technical ware 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
Porcelain technical ware market in Japan consists almost entirely of imported products. 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 importer of porcelain technical ware; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.