Japan: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Japan

In 2021, after four years of growth, there was significant decline in the Japanese numerically controlled drilling machine market, when its value decreased by -11.3% to $X. In general, consumption, however, enjoyed buoyant growth. Over the period under review, the market attained the peak level at $X in 2020, and then reduced in the following year.

Production of Numerically Controlled Drilling Machines For Working Metal in Japan

In value terms, numerically controlled drilling machine production declined to $X in 2021 estimated in export price. In general, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 61%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Japan

In 2021, approx. X tons of numerically controlled drilling machines for working metal were exported from Japan; rising by 40% compared with the previous year. Over the period under review, exports, however, saw a sharp downturn. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports skyrocketed to $X in 2021. In general, exports, however, recorded a dramatic decline. The growth pace was the most rapid in 2018 when exports increased by 39%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), South Korea (X tons) and Vietnam (X tons) were the main destinations of numerically controlled drilling machine exports from Japan, together accounting for 62% of total exports. These countries were followed by Taiwan (Chinese), the United States, Thailand, Australia, India, Mexico, Hong Kong SAR and Indonesia, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +15.8%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for numerically controlled drilling machine exported from Japan were China ($X), Vietnam ($X) and the United States ($X), together accounting for 53% of total exports. Taiwan (Chinese), Australia, South Korea, India, Thailand, Mexico, Hong Kong SAR and Indonesia lagged somewhat behind, together accounting for a further 37%.

Australia, with a CAGR of +12.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average numerically controlled drilling machine export price amounted to $X per ton, shrinking by -10.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of 45% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Japan

In 2021, overseas purchases of numerically controlled drilling machines for working metal decreased by -12.3% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 182% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports fell to $X in 2021. Overall, imports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2013 when imports increased by 443%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest numerically controlled drilling machine supplier to Japan, with a 49% share of total imports. Moreover, numerically controlled drilling machine imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 22% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-8.7% per year) and China (-12.6% per year).

In value terms, Germany ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Japan, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by South Korea, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.0% per year) and South Korea (-8.2% per year).

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, picking up by 7% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, numerically controlled drilling machine import price decreased by -6.4% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 101%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :