Japan: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Japan

The Japanese wood bending machine market skyrocketed to $X in 2021, increasing by 125% against the previous year. Overall, consumption saw notable growth. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Wood Bending Machine Production in Japan

In value terms, wood bending machine production reduced slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 1.4%. Over the period under review, production reached the maximum level at $X in 2018; afterwards, it flattened through to 2021.

Wood Bending Machine Exports

Exports from Japan

In 2021, the amount of bending or assembling machines exported from Japan plummeted to X units, declining by -58.6% against 2020 figures. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 204% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood bending machine exports reduced remarkably to $X in 2021. Overall, exports saw a noticeable decrease. The pace of growth appeared the most rapid in 2016 with an increase of 242%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for wood bending machine exports from Japan, with a 86% share of total exports. Moreover, wood bending machine exports to the United States exceeded the volume sent to the second major destination, China (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-28.9% per year) and Thailand (-2.4% per year).

In value terms, the United States ($X) remains the key foreign market for bending or assembling machines exports from Japan, comprising 86% of total exports. The second position in the ranking was taken by China ($X), with a 6.2% share of total exports. It was followed by Thailand, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +89.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-24.2% per year) and Thailand (-3.2% per year).

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, surging by 5.8% against the previous year. In general, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood bending machine export price increased by +104.3% against 2014 indices. The pace of growth was the most pronounced in 2015 an increase of 26% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Japan

In 2021, the amount of bending or assembling machines imported into Japan soared to X units, increasing by 514% compared with 2020 figures. In general, imports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 945%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, wood bending machine imports skyrocketed to $X in 2021. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 948% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Denmark (X units) and Austria (X units) were the main suppliers of wood bending machine imports to Japan, together comprising 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +22.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Denmark ($X) and Austria ($X) appeared to be the largest wood bending machine suppliers to Japan, with a combined 97% share of total imports.

Among the main suppliers, Austria, with a CAGR of +23.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, falling by -16.1% against the previous year. In general, the import price, however, saw a mild expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 17% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and the United States ($X per unit), while the price for Denmark ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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