Japan: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Japan

The Japanese non-numerically controlled sharpening machine market rose modestly to $X in 2022, picking up by 2.9% against the previous year. In general, consumption, however, saw a noticeable curtailment. Non-numerically controlled sharpening machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Japan

In value terms, non-numerically controlled sharpening machine production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 48% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Japan

In 2022, overseas shipments of non-numerically controlled sharpening machines for working metal decreased by -9% to X units for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 41%. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, non-numerically controlled sharpening machine exports dropped to $X in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 4.2%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Indonesia (X units) and China (X units) were the main destinations of non-numerically controlled sharpening machine exports from Japan, together comprising 74% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +39.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-numerically controlled sharpening machine exported from Japan were the United States ($X), Indonesia ($X) and China ($X), with a combined 56% share of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of +7.5%, 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 a decline.

Export Prices by Country

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, which is down by -6.6% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 6.8% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Luxembourg ($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 the UK (-12.1%), while the prices for the other major destinations experienced a decline.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Japan

In 2022, supplies from abroad of non-numerically controlled sharpening machines for working metal was finally on the rise to reach X units for the first time since 2016, thus ending a five-year declining trend. Overall, imports, however, showed a noticeable curtailment. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a slight decline. The growth pace was the most rapid in 2014 when imports increased by 41%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-numerically controlled sharpening machine to Japan, with a 73% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), ninefold. The United States (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +68.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-21.0% per year) and the United States (-12.2% per year).

In value terms, the largest non-numerically controlled sharpening machine suppliers to Japan were China ($X), Taiwan (Chinese) ($X) and the United States ($X), together comprising 84% of total imports.

China, with a CAGR of +31.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average non-numerically controlled sharpening machine import price stood at $X per unit in 2022, declining by -56.4% against the previous year. Overall, the import price, however, continues to indicate tangible growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 63%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then dropped dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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