Japan: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Japan

The Japanese stone polishing machine market fell notably to $X in 2022, declining by -15.7% against the previous year. Over the period under review, consumption, however, showed a significant expansion. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Stone Polishing Machine Production in Japan

In value terms, stone polishing machine production declined modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by 0.2% against the previous year. Stone polishing machine production peaked at $X in 2012; afterwards, it flattened through to 2022.

Stone Polishing Machine Exports

Exports from Japan

In 2022, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were exported from Japan; with an increase of 22% against the year before. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 226% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, stone polishing machine exports reduced dramatically to $X in 2022. Over the period under review, exports, however, faced a deep contraction. The growth pace was the most rapid in 2020 with an increase of 149%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for stone polishing machine exports from Japan, with a 57% share of total exports. Moreover, stone polishing machine exports to China exceeded the volume sent to the second major destination, the United States (X units), fivefold. Thailand (X units) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.3% per year) and Thailand (-15.3% per year).

In value terms, China ($X) remains the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Japan, comprising 56% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Thailand, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.4% per year) and Thailand (-20.9% per year).

Export Prices by Country

In 2022, the average stone polishing machine export price amounted to $X per unit, dropping by -40.8% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 85%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per unit) and India ($X per unit), while the average price for exports to Mexico ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+4.8%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into Japan

In 2022, the amount of grinding or polishing machines for working stone, ceramics and concrete imported into Japan contracted remarkably to X units, which is down by -24.1% compared with the previous year's figure. Overall, imports, however, enjoyed a slight expansion. The pace of growth appeared the most rapid in 2021 with an increase of 128%. As a result, imports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, stone polishing machine imports declined notably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, France (X units) constituted the largest supplier of stone polishing machine to Japan, with a 51% share of total imports. Moreover, stone polishing machine imports from France exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Germany (X units), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +52.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.2% per year) and Germany (+9.8% per year).

In value terms, the largest stone polishing machine suppliers to Japan were China ($X), France ($X) and Germany ($X), with a combined 67% share of total imports.

Among the main suppliers, France, with a CAGR of +45.1%, recorded the highest rates of growth with regard to 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 2022, the average stone polishing machine import price amounted to $X per unit, declining by -38.9% against the previous year. Overall, the import price saw a mild descent. The most prominent rate of growth was recorded in 2019 an increase of 10%. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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