Japan: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Japan

In 2021, the Japanese endless machinery band market increased by 4.6% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a significant expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Endless Machinery Band Production in Japan

In value terms, endless machinery band production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 43% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Endless Machinery Band Exports

Exports from Japan

In 2021, endless machinery band exports from Japan was estimated at X square meters, picking up by 8.1% against the previous year's figure. Overall, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2019 with an increase of 68%. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, endless machinery band exports rose significantly to $X in 2021. Over the period under review, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 143%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X square meters), Belgium (X square meters) and Indonesia (X square meters) were the main destinations of endless machinery band exports from Japan, together comprising 72% of total exports.

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 +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for endless machinery band exported from Japan were the United States ($X), Belgium ($X) and Taiwan (Chinese) ($X), with a combined 49% share of total exports.

Taiwan (Chinese), with a CAGR of +23.2%, saw the highest rates of growth with regard to 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 endless machinery band export price stood at $X per square meter in 2021, surging by 3.1% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, endless machinery band export price decreased by -7.3% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 45% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per square meter), while the average price for exports to Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Endless Machinery Band Imports

Imports into Japan

In 2021, the amount of endless bands for machinery, of stainless steel imported into Japan rose markedly to X square meters, picking up by 9% compared with 2020. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 392% against the previous year. Imports peaked at X square meters in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, endless machinery band imports contracted rapidly to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 859%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X square meters) constituted the largest endless machinery band supplier to Japan, with a 81% share of total imports. Moreover, endless machinery band imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X square meters), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-34.2% per year) and Taiwan (Chinese) (+7.1% per year).

In value terms, Germany ($X), the United States ($X) and Taiwan (Chinese) ($X) appeared to be the largest endless machinery band suppliers to Japan.

The United States, with a CAGR of +11.1%, 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 mixed trend patterns.

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2021, waning by -50.3% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when the average import price increased by 95% against the previous year. The import price peaked at $X per square meter in 2020, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per square meter), while the price for the United States ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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