Japan: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Japan

After four years of growth, the Japanese machine-tool for working wood market decreased by -1.5% to $X in 2021. Over the period under review, consumption continues to indicate a mild decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Wood in Japan

In value terms, machine-tool for working wood production amounted to $X in 2021 estimated in export price. In general, production recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19% against the previous year. Machine-tool for working wood production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from Japan

In 2021, overseas shipments of machine-tools for working wood decreased by -8.7% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 15% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working wood exports surged to $X in 2021. Over the period under review, exports saw a perceptible decline. The pace of growth appeared the most rapid in 2018 when exports increased by 17%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main destinations of machine-tool for working wood 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 +11.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and the United States ($X) constituted the largest markets for machine-tool for working wood exported from Japan worldwide, with a combined 59% share of total exports. These countries were followed by Russia, the Philippines, Vietnam, South Korea, Indonesia, Thailand and Malaysia, which together accounted for a further 28%.

Among the main countries of destination, Russia, with a CAGR of +11.6%, saw the highest growth rate of 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

The average machine-tool for working wood export price stood at $X per ton in 2021, with an increase of 27% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Japan

In 2021, approx. X tons of machine-tools for working wood were imported into Japan; growing by 57% on 2020 figures. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood imports soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of machine-tool for working wood imports to Japan, together accounting for 85% of total imports. These countries were followed by Austria, Italy and the United States, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +25.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working wood suppliers to Japan were Germany ($X), China ($X) and Italy ($X), with a combined 73% share of total imports. Taiwan (Chinese), Austria and the United States lagged somewhat behind, together comprising a further 18%.

Austria, with a CAGR of +22.0%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, growing by 6.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 20%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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