Japan: Grinding Machine Market 2024

Grinding Machine Market Size in Japan

In 2021, the Japanese grinding machine market decreased by -7.3% to $X for the first time since 2017, thus ending a three-year rising trend. In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.6% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Grinding Machine Production in Japan

In value terms, grinding machine production declined significantly to $X in 2021 estimated in export price. Overall, production showed a slight downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 112%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Grinding Machine Exports

Exports from Japan

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding exported from Japan contracted to X units, reducing by -4.2% against the year before. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 26%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, grinding machine exports contracted to $X in 2021. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 26%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Thailand (X units) and Vietnam (X units) were the main destinations of grinding machine exports from Japan, together comprising 52% of total exports. Taiwan (Chinese), South Korea, Malaysia, the United States, Germany, the Philippines, Sweden, Indonesia and Singapore lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +48.3%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for machines having individual functions, for mixing, kneading, crushing or grinding exports from Japan, comprising 34% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.7% share of total exports. It was followed by South Korea, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+2.3% per year) and South Korea (-7.3% per year).

Export Prices by Country

In 2021, the average grinding machine export price amounted to $X per unit, stabilizing at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 an increase of 42% against the previous year. As a result, the export price reached the peak level of $X per unit, leveling off in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Vietnam ($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 the United States (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Japan

In 2021, overseas purchases of machines having individual functions, for mixing, kneading, crushing or grinding decreased by -0.1% to X units, falling for the second year in a row after three years of growth. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2018 with an increase of 45%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, grinding machine imports stood at $X in 2021. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.3% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest grinding machine supplier to Japan, with a 64% share of total imports. Moreover, grinding machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by the United States (X units), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.5% per year) and the United States (-1.7% per year).

In value terms, the largest grinding machine suppliers to Japan were China ($X), Germany ($X) and the United States ($X), together accounting for 65% of total imports. Taiwan (Chinese), Italy, Austria, Denmark and South Korea lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Austria, with a CAGR of +18.1%, saw the highest growth rate of 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 2021, the average grinding machine import price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 an increase of 11%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :