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

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

The Japanese numerically controlled sharpening machine market soared to $X in 2022, picking up by 942% against the previous year. Overall, consumption continues to indicate a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Numerically Controlled Sharpening Machines For Working Metal in Japan

In value terms, numerically controlled sharpening machine production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 25%. 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 Numerically Controlled Sharpening Machines For Working Metal

Exports from Japan

In 2022, approx. X units of numerically controlled sharpening machines for working metal were exported from Japan; reducing by -28.1% against the previous year's figure. Over the period under review, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 134% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, numerically controlled sharpening machine exports shrank significantly to $X in 2022. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 91%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for numerically controlled sharpening machine exports from Japan, accounting for a 43% share of total exports. Moreover, numerically controlled sharpening machine exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by South Korea (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-0.1% per year) and South Korea (-4.0% per year).

In value terms, China ($X) remains the key foreign market for numerically controlled sharpening machines for working metal exports from Japan, comprising 43% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total exports. It was followed by South Korea, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-3.2% per year) and South Korea (-6.9% per year).

Export Prices by Country

The average numerically controlled sharpening machine export price stood at $X per unit in 2022, shrinking by -7.8% against the previous year. In general, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 45% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($X per unit) and Thailand ($X per unit), while the average price for exports to Indonesia ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports into Japan

In 2022, overseas purchases of numerically controlled sharpening machines for working metal increased by 9.9% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 32%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports soared to $X in 2022. Overall, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2018 when imports increased by 55%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Switzerland (X units), Germany (X units) and Australia (X units) were the main suppliers of numerically controlled sharpening machine imports to Japan, together comprising 65% of total imports. China, Thailand, the Czech Republic and Taiwan (Chinese) lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +35.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X), Germany ($X) and Australia ($X) appeared to be the largest numerically controlled sharpening machine suppliers to Japan, together accounting for 66% of total imports. China, Thailand, the Czech Republic and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, China, with a CAGR of +56.7%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average numerically controlled sharpening machine import price amounted to $X per unit, with an increase of 34% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Czech Republic ($X per unit) and China ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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