Japan: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Japan

The Japanese agricultural product dryer market skyrocketed to $X in 2021, picking up by 21% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Agricultural Product Dryer Production in Japan

In value terms, agricultural product dryer production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Agricultural Product Dryer Exports

Exports from Japan

In 2021, overseas shipments of dryers for the treatment of agricultural products decreased by -34.4% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 90% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, agricultural product dryer exports dropped markedly to $X in 2021. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 35% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Myanmar (X units) was the main destination for agricultural product dryer exports from Japan, accounting for a 62% share of total exports. Moreover, agricultural product dryer exports to Myanmar exceeded the volume sent to the second major destination, China (X units), fourfold. The third position in this ranking was taken by Sri Lanka (X units), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar totaled +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-27.3% per year) and Sri Lanka (+10.4% per year).

In value terms, China ($X), Sri Lanka ($X) and Australia ($X) constituted the largest markets for agricultural product dryer exported from Japan worldwide, with a combined 62% share of total exports. These countries were followed by Myanmar, Cambodia, Thailand and South Korea, which together accounted for a further 32%.

Cambodia, with a CAGR of +38.4%, 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 more modest paces of growth.

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, increasing by 11% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agricultural product dryer export price increased by +20.7% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 71%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, 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 Thailand ($X per unit), while the average price for exports to Myanmar ($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 Vietnam (+36.3%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Product Dryer Imports

Imports into Japan

For the fifth year in a row, Japan recorded growth in supplies from abroad of dryers for the treatment of agricultural products, which increased by 87% to X units in 2021. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 256%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, agricultural product dryer imports expanded rapidly to $X in 2021. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 122%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X units), Germany (X units) and South Korea (X units) were the main suppliers of agricultural product dryer imports to Japan, together comprising 80% of total imports. These countries were followed by Italy, the Netherlands and China, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +140.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), South Korea ($X) and Germany ($X) appeared to be the largest agricultural product dryer suppliers to Japan, together accounting for 81% of total imports. Italy, the Netherlands and China lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Italy, with a CAGR of +82.6%, recorded 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

In 2021, the average agricultural product dryer import price amounted to $X per unit, waning by -43.5% against the previous year. Over the period under review, the import price recorded a dramatic setback. The growth pace was the most rapid in 2013 when the average import price increased by 47% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-20.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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