Updated Jan 23, 2023 17:22

Ceramic Electrical Insulator Market in Japan

Market Overview
For the fourth year in a row, the Japanese ceramic electrical insulator market recorded growth in sales value, which increased by % to $ in . In general, consumption, however, saw perceptible growth. As a result, consumption attained the peak level of $. From 2011 to , the growth of the market remained at a lower figure.

In value terms, ceramic electrical insulator production stood at $ in estimated in export price. In general, production continues to indicate a mild downturn. The growth pace was the most rapid in 2009 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2010; however, from 2011 to , production remained at a lower figure.


Consumption
Ceramic electrical insulator consumption in Japan contracted to units in , stabilizing at the previous year's figure. Overall, the total consumption indicated temperate growth 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. As a result, consumption reached the peak volume of units. From 2011 to , the growth of the consumption remained at a somewhat lower figure.

The value of the ceramic electrical insulator market in Japan was estimated at $ in , remaining relatively unchanged 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, consumption, however, saw a noticeable increase. As a result, consumption reached the peak level of $. From 2011 to , the growth of the market remained at a lower figure.


Market Forecast
The ceramic electrical insulator market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract 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
Over the period under review, the share of imports in terms of total ceramic electrical insulator consumption in Japan was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Japan ceramic electrical insulator market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Japan remains a net exporter of ceramic electrical insulator; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.