Japan's Hand or Foot-Operated Air Pumps Market to Witness Steady Growth with +0.9% CAGR by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: Japan - Hand Or Foot-Operated Air Pumps - Market Analysis, Forecast, Size, Trends And Insights.

The article discusses the growing market for hand or foot-operated air pumps in Japan, with forecasts indicating a steady upward trend in consumption. Market performance is expected to expand with a CAGR of +0.9% in volume and +2.3% in value from 2024 to 2035, leading to significant growth in both metrics by the end of the forecast period.

Driven by increasing demand for hand or foot-operated air pumps in Japan, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.9% for the period from 2024 to 2035, which is projected to bring the market volume to 5.7M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.3% for the period from 2024 to 2035, which is projected to bring the market value to $22M (in nominal wholesale prices) by the end of 2035.

Hand-operated air pump consumption in Japan fell remarkably to 5.2M units in 2024, waning by -19.4% against 2023 figures. In general, the total consumption indicated a mild increase from 2013 to 2024: its volume increased at an average annual rate of +1.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +77.9% against 2022 indices. As a result, consumption attained the peak volume of 6.4M units, and then declined dramatically in the following year.

The value of the hand-operated air pump market in Japan declined notably to $17M in 2024, dropping by -16% 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 saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $21M in 2014; however, from 2015 to 2024, consumption remained at a lower figure.

In 2024, the amount of hand or foot-operated air pumps imported into Japan dropped notably to 5.2M units, waning by -19.3% compared with 2023 figures. Overall, total imports indicated a slight increase from 2013 to 2024: its volume increased at an average annual rate of +1.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +77.6% against 2022 indices. The most prominent rate of growth was recorded in 2023 with an increase of 120% against the previous year. As a result, imports attained the peak of 6.4M units, and then shrank significantly in the following year.

In value terms, hand-operated air pump imports declined to $12M in 2024. Over the period under review, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Imports peaked at $23M in 2014; however, from 2015 to 2024, imports stood at a somewhat lower figure.

In 2023, China (1.6M units) constituted the largest supplier of hand-operated air pump to Japan, with a 25% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (580K units), threefold.

From 2013 to 2023, the average annual growth rate of volume from China amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-9.0% per year) and the United States (+1.2% per year).

In value terms, China ($9.2M) constituted the largest supplier of hand or foot-operated air pumps to Japan, comprising 72% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($3.1M), with a 24% share of total imports.

From 2013 to 2023, the average annual rate of growth in terms of value from China stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.5% per year) and the United States (+2.1% per year).

The average hand-operated air pump import price stood at $2 per unit in 2023, which is down by -62.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 18% against the previous year. As a result, import price attained the peak level of $5.9 per unit. From 2022 to 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($5.7 per unit), while the price for the United States ($4.9 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, shipments abroad of hand or foot-operated air pumps increased by 54% to 3.2K units for the first time since 2018, thus ending a five-year declining trend. Overall, exports, however, faced a significant contraction. The most prominent rate of growth was recorded in 2016 with an increase of 94% against the previous year. The exports peaked at 98K units in 2018; however, from 2019 to 2024, the exports stood at a somewhat lower figure.

In value terms, hand-operated air pump exports reduced to $98K in 2024. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2023 with an increase of 83%. The exports peaked at $533K in 2013; however, from 2014 to 2024, the exports failed to regain momentum.

Taiwan (Chinese) (5.2K units) was the main destination for hand-operated air pump exports from Japan, accounting for a 250% share of total exports. Moreover, hand-operated air pump exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Ethiopia (1.5K units), threefold. The third position in this ranking was taken by Belgium (1.5K units), with a 72% share.

From 2013 to 2023, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (-22.0% per year) and Belgium (+31.9% per year).

In value terms, Taiwan (Chinese) ($40K) emerged as the key foreign market for hand or foot-operated air pumps exports from Japan, comprising 37% of total exports. The second position in the ranking was held by Ethiopia ($14K), with a 13% share of total exports. It was followed by Belgium, with a 12% share.

From 2013 to 2023, the average annual growth rate of value to Taiwan (Chinese) amounted to +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (-2.3% per year) and Belgium (+17.1% per year).

The average hand-operated air pump export price stood at $52 per unit in 2023, with an increase of 522% against the previous year. Over the period under review, the export price enjoyed a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Singapore ($10 per unit) and Vietnam ($9.5 per unit), while the average price for exports to Taiwan (Chinese) ($7.7 per unit) and China ($8.1 per unit) were amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hand-operated air pump market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles