Japan: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Japan

For the third year in a row, the Japanese market for in-hand motor grinders, sanders and planers recorded growth in sales value, which increased by 6.3% to $X in 2021. In general, consumption saw a significant increase. Consumption of peaked in 2021 and is likely to see gradual growth in years to come.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Japan

In 2021, shipments abroad of in-hand motor grinders, sanders and planers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Vietnam (X units) and Australia (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Japan, together comprising 36% of total exports. These countries were followed by Germany, Taiwan (Chinese), Russia, China, the UK, the Netherlands, Poland, France, the United Arab Emirates and Austria, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +98.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Japan, comprising 25% of total exports. The second position in the ranking was taken by Australia ($X), with a 5.9% share of total exports. It was followed by the Netherlands, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+3.9% per year) and the Netherlands (+8.1% per year).

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, increasing by 1.8% against the previous year. Over the period under review, the export price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 7.3% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Vietnam ($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 (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Japan

For the third consecutive year, Japan recorded growth in overseas purchases of in-hand motor grinders, sanders and planers, which increased by 17% to X units in 2021. In general, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 28%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Japan, with a 86% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 2.1% share of total imports. The third position in this ranking was held by Malaysia (X units), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.6% per year) and Malaysia (-3.4% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Japan, comprising 86% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.1% share of total imports. It was followed by Malaysia, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.3% per year) and Malaysia (-3.7% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, surging by 12% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Sweden ($X per unit) and the United States ($X per unit), while the price for China ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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