Japan: Wood Dryer Market 2024

Wood Dryer Market Size in Japan

After two years of growth, the Japanese wood dryer market decreased by -6.4% to $X in 2021. Over the period under review, consumption continues to indicate a deep setback. Wood dryer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wood Dryer Production in Japan

In value terms, wood dryer production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a deep reduction. The growth pace was the most rapid in 2018 when the production volume increased by 37%. Wood dryer production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wood Dryer Exports

Exports from Japan

In 2021, the amount of dryers for wood, paper pulp, paper or paperboard exported from Japan surged to X units, increasing by 111% against the previous year's figure. Over the period under review, exports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,093% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood dryer exports soared to $X in 2021. In general, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 800%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for wood dryer exports from Japan, with a 88% share of total exports. Moreover, wood dryer exports to Russia exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The third position in this ranking was taken by the Netherlands (X units), with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled -17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+44.2% per year) and the Netherlands (-22.6% per year).

In value terms, Russia ($X) emerged as the key foreign market for dryers for wood, paper pulp, paper or paperboard exports from Japan, comprising 87% of total exports. The second position in the ranking was held by Germany ($X), with a 7.8% share of total exports. It was followed by the Netherlands, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+39.5% per year) and the Netherlands (-23.2% per year).

Export Prices by Country

The average wood dryer export price stood at $X per unit in 2021, which is down by -42% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 64%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Russia ($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 Ecuador (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Dryer Imports

Imports into Japan

In 2021, imports of dryers for wood, paper pulp, paper or paperboard into Japan surged to X units, with an increase of 86% on the previous year's figure. Over the period under review, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 141%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, wood dryer imports soared to $X in 2021. In general, imports recorded notable growth. The most prominent rate of growth was recorded in 2013 with an increase of 122% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), South Korea (X units) and Italy (X units) were the main suppliers of wood dryer imports to Japan, with a combined 51% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +57.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of dryers for wood, paper pulp, paper or paperboard to Japan, comprising 31% of total imports. The second position in the ranking was held by Malaysia ($X), with a 7.7% share of total imports. It was followed by Italy, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.1% per year) and Italy (-5.1% per year).

Import Prices by Country

In 2021, the average wood dryer import price amounted to $X per unit, waning by -36.5% against the previous year. In general, the import price recorded a noticeable slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then contracted significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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