Japan: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Japan

For the fourth year in a row, the Japanese market for grinding, sanding and polishing machines recorded growth in sales value, which increased by 14% to $X in 2021. Over the period under review, consumption saw prominent growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Japan

In 2021, shipments abroad of grinding, sanding and polishing machines was finally on the rise to reach X units after two years of decline. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 72% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports soared to $X in 2021. Over the period under review, exports, however, saw a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for grinding, sanding and polishing machine exports from Japan, accounting for a 19% share of total exports. Moreover, grinding, sanding and polishing machine exports to the Netherlands exceeded the volume sent to the second major destination, China (X units), twofold. Canada (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7.2% per year) and Canada (+48.7% per year).

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for grinding, sanding and polishing machine exported from Japan worldwide, together accounting for 53% of total exports. These countries were followed by Belarus, the Philippines, Canada, Vietnam, the Netherlands, Venezuela, South Korea, Malaysia, Norway and Germany, which together accounted for a further 23%.

Belarus, with a CAGR of +90.5%, recorded 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 export price for grinding, sanding and polishing machines stood at $X per unit in 2021, jumping by 17% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 51%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average 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 the United States ($X per unit), while the average price for exports to Norway ($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 the United States (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Japan

For the fourth consecutive year, Japan recorded growth in supplies from abroad of grinding, sanding and polishing machines, which increased by 22% to X units in 2021. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 81%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, grinding, sanding and polishing machine imports reduced to $X in 2021. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by 71% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Japan, with a 72% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.3% per year) and Thailand (-33.1% per year).

In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machines to Japan, comprising 42% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.4% per year) and Thailand (-20.7% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, which is down by -26.3% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, 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 Thailand ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+18.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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