Japan: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Japan

In 2021, after three years of growth, there was significant decline in the Japanese machine-tool for working metal market, when its value decreased by -5.9% to $X. In general, consumption, however, continues to indicate a tangible expansion. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

Production of Machine Tools For Working Metal in Japan

In value terms, machine-tool for working metal production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 33% against the previous year. Machine-tool for working metal production peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Machine Tools For Working Metal

Exports from Japan

After seven years of decline, shipments abroad of machine tools for working metal increased by 14% to X units in 2021. In general, exports, however, showed a precipitous slump. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports fell to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 3.8% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), the United States (X units) and Germany (X units) were the main destinations of machine-tool for working metal exports from Japan, together comprising 48% of total exports. France, South Korea, Vietnam, India, Hungary, Thailand, Taiwan (Chinese), Italy, Malaysia and Sweden lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +48.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working metal exported from Japan were China ($X), the United States ($X) and South Korea ($X), with a combined 61% share of total exports. These countries were followed by Taiwan (Chinese), India, Vietnam, Thailand, Germany, Malaysia, France, Hungary, Sweden and Italy, which together accounted for a further 25%.

Sweden, with a CAGR of +46.5%, recorded 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

In 2021, the average machine-tool for working metal export price amounted to $X per unit, reducing by -13% against the previous year. Over the period under review, the export price, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 an increase of 89%. The export price peaked at $X per unit in 2020, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to France ($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 South Korea (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Japan

Machine-tool for working metal imports into Japan surged to X units in 2021, growing by 23% compared with the year before. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 25% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, machine-tool for working metal imports dropped slightly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 22%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of machine-tool for working metal to Japan, with a 67% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. The third position in this ranking was held by South Korea (X units), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.7% per year) and South Korea (-10.3% per year).

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) appeared to be the largest machine-tool for working metal suppliers to Japan, together accounting for 57% of total imports.

China, with a CAGR of +8.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average machine-tool for working metal import price amounted to $X per unit, with a decrease of -21.6% against the previous year. Overall, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 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, the country with the highest price was Austria ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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