Japan: Working Wire Machine Market 2024

Working Wire Machine Market Size in Japan

The Japanese working wire machine market shrank to $X in 2021, which is down by -6.6% against the previous year. Overall, consumption showed a noticeable shrinkage. Working wire machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Working Wire Machine Production in Japan

In value terms, working wire machine production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced reduction. The growth pace was the most rapid in 2018 when the production volume increased by 4.3%. Working wire machine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Working Wire Machine Exports

Exports from Japan

In 2021, approx. X units of machines for working wire were exported from Japan; growing by 14% on the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 90%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, working wire machine exports expanded significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 27% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units), the United States (X units) and Poland (X units) were the main destinations of working wire machine exports from Japan, with a combined 53% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +119.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Poland ($X) were the largest markets for working wire machine exported from Japan worldwide, with a combined 53% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +113.3%, saw the highest rates of growth with regard to 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 2021, the average working wire machine export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 41% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Canada ($X per unit) and Vietnam ($X per unit), while the average price for exports to China ($X per unit) and Poland ($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 Canada (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Japan

In 2021, the amount of machines for working wire imported into Japan contracted to X units, with a decrease of -8.5% on the previous year's figure. Over the period under review, imports saw a noticeable reduction. The growth pace was the most rapid in 2019 when imports increased by 31% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, working wire machine imports dropped notably to $X in 2021. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 32%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Greece (X units), Germany (X units) and South Korea (X units) were the main suppliers of working wire machine imports to Japan, with a combined 72% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +141.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest working wire machine suppliers to Japan were Greece ($X), Germany ($X) and South Korea ($X), together accounting for 77% of total imports.

Greece, with a CAGR of +158.9%, recorded the highest growth rate of 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

The average working wire machine import price stood at $X per unit in 2021, waning by -10.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 4.8% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 2021, the most notable rate of growth in terms of prices was attained by Greece (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :