Japan: Rock Cutter Market 2024

Rock Cutter Market Size in Japan

The Japanese rock cutter market skyrocketed to $X in 2022, growing by 20% against the previous year. In general, consumption showed slight growth. Rock cutter consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Rock Cutter Production in Japan

In value terms, rock cutter production expanded notably to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Rock Cutter Exports

Exports from Japan

Rock cutter exports from Japan fell rapidly to X units in 2022, with a decrease of -62.3% compared with 2021. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 131% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, rock cutter exports declined rapidly to $X in 2022. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2019 when exports increased by 71% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for rock cutter exports from Japan, with a 40% share of total exports. Moreover, rock cutter exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, South Korea (X units), threefold. The third position in this ranking was held by Vietnam (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-4.4% per year) and Vietnam (+17.8% per year).

In value terms, the largest markets for rock cutter exported from Japan were South Korea ($X), Taiwan (Chinese) ($X) and Indonesia ($X), together comprising 66% of total exports. Vietnam, South Africa, Nigeria, Oman, China, Malaysia and Singapore lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Oman, with a CAGR of +174.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rock cutter export price stood at $X per unit in 2022, which is down by -18.1% against the previous year. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in 2017 when the average export price increased by 30%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+104.1%), while the prices for the other major destinations experienced more modest paces of growth.

Rock Cutter Imports

Imports into Japan

In 2022, after two years of growth, there was significant decline in overseas purchases of coal or rock cutters and tunnelling machinery, when their volume decreased by -97.4% to X units. Over the period under review, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 when imports increased by 18,900% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, rock cutter imports contracted rapidly to $X in 2022. Overall, imports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2018 when imports increased by 24,689%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Sweden (X units) and the United States (X units) were the main suppliers of rock cutter imports to Japan.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of 0.0%).

In value terms, the largest rock cutter suppliers to Japan were the United States ($X) and Sweden ($X).

In terms of the main suppliers, Sweden, with a CAGR of +449.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average rock cutter import price amounted to $X per unit, increasing by 20% against the previous year. Overall, the import price enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 an increase of 69% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Sweden amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+449.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :