Japan: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Japan

The Japanese market for machine-tools for working stone, ceramics, and concrete dropped to $X in 2022, with a decrease of -13.6% against the previous year. Over the period under review, consumption continues to indicate a mild curtailment. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Japan

In value terms, machine tools for working stone production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a slight reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 22% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Japan

In 2022, shipments abroad of machine-tools for working stone, ceramics, and concrete increased by 4.3% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 55% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine tools for working stone exports fell to $X in 2022. Overall, exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for machine tools for working stone exports from Japan, with a 72% share of total exports. Moreover, machine tools for working stone exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), more than tenfold. South Korea (X units) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+3.6% per year) and South Korea (-9.0% per year).

In value terms, China ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Japan, comprising 64% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 12% share of total exports. It was followed by the United States, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+6.3% per year) and the United States (+0.6% per year).

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, waning by -10.8% against the previous year. Over the period under review, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2016 an increase of 25%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 the United States ($X per unit), while the average price for exports to Poland ($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 the United States (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Japan

In 2022, overseas purchases of machine-tools for working stone, ceramics, and concrete were finally on the rise to reach X units after two years of decline. In general, imports posted a measured increase. The growth pace was the most rapid in 2017 when imports increased by 81% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, machine tools for working stone imports surged to $X in 2022. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 99% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest machine tools for working stone supplier to Japan, with a 63% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.3% per year) and Taiwan (Chinese) (+9.6% per year).

In value terms, the United States ($X), China ($X) and Italy ($X) constituted the largest machine tools for working stone suppliers to Japan, with a combined 82% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +36.8%, saw the highest rates of growth with regard to 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

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, picking up by 9% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machine tools for working stone import price decreased by -19.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 47% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :