Japan: Concrete Mixer Market 2024

Concrete Mixer Market Size in Japan

In 2021, the Japanese concrete mixer market decreased by -13.6% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption saw a slight downturn. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Concrete Mixer Production in Japan

In value terms, concrete mixer production dropped remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2020 with an increase of 55%. As a result, production reached the peak level of $X, and then dropped significantly in the following year.

Concrete Mixer Exports

Exports from Japan

Concrete mixer exports from Japan contracted remarkably to X units in 2021, which is down by -23.5% against 2020 figures. Over the period under review, exports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 with an increase of 53%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, concrete mixer exports dropped rapidly to $X in 2021. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 173% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units), Malaysia (X units) and South Korea (X units) were the main destinations of concrete mixer exports from Japan, together accounting for 63% of total exports. Taiwan (Chinese), Indonesia, the Philippines and Vietnam lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +8.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Thailand ($X) constituted the largest markets for concrete mixer exported from Japan worldwide, with a combined 41% share of total exports.

Taiwan (Chinese), with a CAGR of +7.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average concrete mixer export price stood at $X per unit in 2021, reducing by -16% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 117%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Malaysia ($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 Jordan (+13.8%), while the prices for the other major destinations experienced a decline.

Concrete Mixer Imports

Imports into Japan

In 2021, approx. X units of concrete or mortar mixers were imported into Japan; surging by 19% against the year before. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, concrete mixer imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 36%. Over the period under review, imports reached the peak figure at $X in 2015; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X units) was the main supplier of concrete mixer to Japan, accounting for a 95% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.8%.

In value terms, China ($X) constituted the largest supplier of concrete or mortar mixers to Japan, comprising 77% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 1.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.0%.

Import Prices by Country

In 2021, the average concrete mixer import price amounted to $X per unit, with a decrease of -11.4% against the previous year. In general, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 36%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Taiwan (Chinese) totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.6%).

Source: IndexBox Platform

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