Japan: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Japan

The Japanese mechanical shovel and excavator market reduced to $X in 2021, dropping by -8.6% against the previous year. In general, consumption, however, recorded a abrupt setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Japan

In value terms, mechanical shovel and excavator production reached $X in 2021 estimated in export price. Overall, production, however, showed a noticeable decrease. Mechanical shovel and excavator production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Japan

In 2021, shipments abroad of mechanical shovels, excavators and shovel loaders increased by 23% to X units for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 51%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, mechanical shovel and excavator exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for mechanical shovel and excavator exports from Japan, with a 40% share of total exports. Moreover, mechanical shovel and excavator exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Australia (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+10.5% per year) and Australia (-2.0% per year).

In value terms, the United States ($X) remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from Japan, comprising 40% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9.8% share of total exports. It was followed by Australia, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+8.8% per year) and Australia (-3.5% per year).

Export Prices by Country

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, with an increase of 13% against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 17%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were the UK ($X per unit) and Austria ($X per unit), while the average price for exports to the United States ($X per unit) and Australia ($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 Russia (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Japan

In 2021, supplies from abroad of mechanical shovels, excavators and shovel loaders decreased by -7.1% to X units, falling for the second consecutive year after three years of growth. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2013 with an increase of 93%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator imports fell to $X in 2021. Overall, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 96%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the UK (X units) and the United States (X units) were the main suppliers of mechanical shovel and excavator imports to Japan, with a combined 89% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +43.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the UK ($X) and the United States ($X) appeared to be the largest mechanical shovel and excavator suppliers to Japan, together accounting for 89% of total imports.

In terms of the main suppliers, China, with a CAGR of +38.3%, recorded 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

The average mechanical shovel and excavator import price stood at $X per unit in 2021, surging by 6.5% against the previous year. Overall, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of 7.6%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Czech Republic ($X per unit) and Germany ($X per unit), while the price for the United Arab Emirates ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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