Japan: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Japan

In 2021, the Japanese off-highway dumper market decreased by -18.6% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, saw strong growth. Over the period under review, the market attained the peak level at $X in 2020, and then fell notably in the following year.

Off-Highway Dumper Production in Japan

In value terms, off-highway dumper production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 22%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Off-Highway Dumper Exports

Exports from Japan

In 2021, shipments abroad of dumpers for off-highway use was finally on the rise to reach X units after two years of decline. Overall, exports, however, recorded a deep slump. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, off-highway dumper exports skyrocketed to $X in 2021. In general, exports, however, saw a noticeable decline. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), the United Arab Emirates (X units) and Russia (X units) were the main destinations of off-highway dumper exports from Japan, together comprising 53% of total exports. These countries were followed by Indonesia, Belgium, Australia, the Philippines, South Africa and Myanmar, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +28.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for off-highway dumper exported from Japan were the United States ($X), Russia ($X) and Indonesia ($X), with a combined 57% share of total exports. These countries were followed by Belgium, Australia, the Philippines, the United Arab Emirates, South Africa and Myanmar, which together accounted for a further 27%.

Among the main countries of destination, Belgium, with a CAGR of +34.7%, saw the highest rates of growth with regard to 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

In 2021, the average off-highway dumper export price amounted to $X per unit, growing by 20% against the previous year. Overall, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to the United Arab Emirates ($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 Myanmar (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into Japan

In 2021, imports of dumpers for off-highway use into Japan skyrocketed to X units, rising by 60% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, off-highway dumper imports skyrocketed to $X in 2021. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 63%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Sweden (X units), the United States (X units) and the UK (X units) were the main suppliers of off-highway dumper imports to Japan, together accounting for 75% of total imports. Canada, India, China and the United Arab Emirates lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +343.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the United States ($X) and the UK ($X) appeared to be the largest off-highway dumper suppliers to Japan, together comprising 76% of total imports. These countries were followed by Canada, India, China and the United Arab Emirates, which together accounted for a further 22%.

Canada, with a CAGR of +324.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average off-highway dumper import price stood at $X per unit in 2021, flattening at the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, off-highway dumper import price decreased by -6.3% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 79%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 China ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :