Japan: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Japan

In 2021, after two years of growth, there was significant decline in the Japanese machine-tool for removing material market, when its value decreased by -9.6% to $X. Over the period under review, consumption continues to indicate a perceptible curtailment. Machine-tool for removing material consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Machine-Tools For Working Any Material By Removal Of Material in Japan

In value terms, machine-tool for removing material production amounted to $X in 2021 estimated in export price. In general, production showed a pronounced slump. The growth pace was the most rapid in 2014 with an increase of 22%. Machine-tool for removing material production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Japan

In 2021, the amount of machine-tools for working any material by removal of material exported from Japan skyrocketed to X units, picking up by 78% against 2020 figures. Over the period under review, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material exports soared to $X in 2021. Overall, total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units), the United States (X units) and Taiwan (Chinese) (X units) were the main destinations of machine-tool for removing material exports from Japan, with a combined 58% share 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 Taiwan (Chinese) (with a CAGR of +27.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for machine-tool for removing material exported from Japan worldwide, together accounting for 59% of total exports. These countries were followed by South Korea, Hong Kong SAR, Belgium, Germany, Thailand, India, the Philippines and Vietnam, which together accounted for a further 30%.

Belgium, with a CAGR of +14.0%, saw the highest growth rate of 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 machine-tool for removing material export price stood at $X per unit in 2021, falling by -16% against the previous year. In general, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 41%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to China ($X per unit) and India ($X per unit), while the average price for exports to Thailand ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.9%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Japan

Machine-tool for removing material imports into Japan expanded remarkably to X units in 2021, surging by 10% against the previous year's figure. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.5% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 28% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, machine-tool for removing material imports expanded slightly to $X in 2021. In general, imports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2014 with an increase of 22%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to Japan, accounting for a 69% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. The United States (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.3% per year) and the United States (-1.1% per year).

In value terms, the largest machine-tool for removing material suppliers to Japan were China ($X), Germany ($X) and Thailand ($X), with a combined 64% share of total imports. These countries were followed by the United States, Switzerland, South Korea, Italy and Taiwan (Chinese), which together accounted for a further 27%.

Among the main suppliers, Italy, with a CAGR of +10.8%, recorded the highest growth rate of 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

The average machine-tool for removing material import price stood at $X per unit in 2021, dropping by -5.7% against the previous year. In general, the import price faced a deep downturn. The pace of growth appeared the most rapid in 2013 when the average import price decreased by -4.9%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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