Japan: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Japan

The Japanese sugar-manufacturing industrial machinery market skyrocketed to $X in 2022, with an increase of 21% against the previous year. Overall, consumption, however, showed a buoyant expansion. Sugar-manufacturing industrial machinery consumption peaked in 2022 and is likely to see gradual growth in the near future.

Sugar-Manufacturing Industrial Machinery Production in Japan

In value terms, sugar-manufacturing industrial machinery production dropped sharply to $X in 2022 estimated in export price. In general, production recorded a pronounced curtailment. Sugar-manufacturing industrial machinery production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Japan

In 2022, overseas shipments of industrial machinery for the manufacture or preparation of sugar decreased by 0% to X units, falling for the second consecutive year after seven years of growth. Overall, exports saw resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 313%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports totaled $X in 2022. Over the period under review, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 378% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X units) was the main destination for sugar-manufacturing industrial machinery exports from Japan, with a 69% share of total exports. Moreover, sugar-manufacturing industrial machinery exports to Thailand exceeded the volume sent to the second major destination, China (X units), sevenfold. The third position in this ranking was taken by South Korea (X units), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand totaled +43.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-4.4% per year) and South Korea (+8.4% per year).

In value terms, Thailand ($X), South Korea ($X) and China ($X) were the largest markets for sugar-manufacturing industrial machinery exported from Japan worldwide, with a combined 79% share of total exports. Mexico, Malaysia, Vietnam and Israel lagged somewhat behind, together comprising a further 17%.

In terms of the main countries of destination, Mexico, with a CAGR of +109.3%, recorded 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 2022, the average sugar-manufacturing industrial machinery export price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the export price recorded a temperate expansion. The most prominent rate of growth was recorded in 2020 an increase of 15% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Japan

In 2022, the amount of industrial machinery for the manufacture or preparation of sugar imported into Japan surged to X units, growing by 40% compared with 2021. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 2,300%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery imports skyrocketed to $X in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,765% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest sugar-manufacturing industrial machinery supplier to Japan, with a 73% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +109.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+76.5% per year) and France (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Japan, comprising 67% of total imports. The second position in the ranking was held by France ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +138.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (0.0% per year) and Italy (+48.7% per year).

Import Prices by Country

In 2022, the average sugar-manufacturing industrial machinery import price amounted to $X per unit, surging by 43% against the previous year. Overall, the import price, however, faced a deep downturn. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-8.4%).

Source: IndexBox Platform

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