Japan: Machinery For Packing Market 2024

Machinery For Packing Market Size in Japan

In 2022, the Japanese machinery for packing market decreased by -0.8% to $X, falling for the second consecutive year after seven years of growth. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.4% against 2020 indices. Machinery for packing consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Machinery For Packing Production in Japan

In value terms, machinery for packing production totaled $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.9% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 20% against the previous year. Machinery for packing production peaked at $X in 2020; afterwards, it flattened through to 2022.

Machinery For Packing Exports

Exports from Japan

In 2022, shipments abroad of machinery for packing or wrapping increased by 6.3% to X units, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 10%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, machinery for packing exports fell to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 12% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X units), China (X units) and South Korea (X units) were the main destinations of machinery for packing exports from Japan, with a combined 51% share of total exports. Indonesia, Vietnam, Taiwan (Chinese), Brazil, Canada, Thailand, France, Mexico, the Netherlands and Denmark lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +38.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machinery for packing exported from Japan were China ($X), the United States ($X) and South Korea ($X), with a combined 56% share of total exports. Indonesia, Taiwan (Chinese), Vietnam, Brazil, Thailand, Canada, Denmark, the Netherlands, France and Mexico lagged somewhat behind, together comprising a further 29%.

In terms of the main countries of destination, Mexico, with a CAGR of +29.5%, recorded 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

In 2022, the average machinery for packing export price amounted to $X per unit, which is down by -11.5% against the previous year. In general, the export price continues to indicate a slight descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Canada ($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 China (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Japan

In 2022, supplies from abroad of machinery for packing or wrapping decreased by -4.5% to X units, falling for the fourth year in a row after two years of growth. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, machinery for packing imports declined to $X in 2022. Over the period under review, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machinery for packing supplier to Japan, accounting for a 36% share of total imports. Moreover, machinery for packing imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. Thailand (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.4% per year) and Thailand (+3.4% per year).

In value terms, Italy ($X), China ($X) and Vietnam ($X) constituted the largest machinery for packing suppliers to Japan, with a combined 49% share of total imports.

Vietnam, with a CAGR of +60.5%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average machinery for packing import price amounted to $X per unit, with an increase of 1.9% against the previous year. Overall, the import price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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