2022 plagued with price revisions forced by inflation in energy and materials costs

摘要

Japanese industrial gas market of 2022 is estimated to grow by 3.5% over the previous year,reached ￥565.6 billion,based on the trend of shipping by producers.The market size on a monetary basis expanded more than actual sales volume,as a result of that industrial gas producers implemented price revisions due to the skyrocketing energy and material costs which has continued since the beginning of 2022.Gas consumption was low due to the component shortages resulting from shortages in semiconductors even as the impact of Covid-19 on economy gradually diminished and industrial gas market itself turned around.Then,as Russia invaded Ukraine,forcing up the prices of energy and materials,the yen rapidly lost value to where US$1 equaled somewhat over ￥140.In this business environment,2022 became a year in which the industrial gas business in Japan was hounded by price revisions.