Japan: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Japan

In 2021, the Japanese harvesting machinery market decreased by -0.3% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Harvesting Machinery Production in Japan

In value terms, harvesting machinery production totaled $X in 2021 estimated in export price. In general, production, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Harvesting Machinery Exports

Exports from Japan

Harvesting machinery exports from Japan soared to X units in 2021, rising by 33% on 2020. Overall, exports saw noticeable growth. The most prominent rate of growth was recorded in 2018 with an increase of 83%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, harvesting machinery exports shrank sharply to $X in 2021. In general, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 110% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for harvesting machinery exports from Japan, accounting for a 78% share of total exports. Moreover, harvesting machinery exports to Russia exceeded the volume sent to the second major destination, South Korea (X units), eightfold. The third position in this ranking was taken by China (X units), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+4.6% per year) and China (0.0% per year).

In value terms, the largest markets for harvesting machinery exported from Japan were China ($X), South Korea ($X) and Russia ($X), with a combined 95% share of total exports.

Russia, with a CAGR of +4.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average harvesting machinery export price stood at $X per unit in 2021, declining by -45.9% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 20%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Russia ($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 Russia (-1.9%), while the prices for the other major destinations experienced a decline.

Harvesting Machinery Imports

Imports into Japan

In 2021, harvesting machinery imports into Japan dropped dramatically to X units, which is down by -30.2% on the previous year's figure. Over the period under review, imports, however, saw notable growth. The pace of growth was the most pronounced in 2017 with an increase of 143% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, harvesting machinery imports dropped significantly to $X in 2021. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 156%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of harvesting machinery to Japan, accounting for a 84% share of total imports. Moreover, harvesting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +3.1%.

In value terms, Germany ($X) constituted the largest supplier of root or tuber harvesting machines to Japan, comprising 83% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.4%.

Import Prices by Country

The average harvesting machinery import price stood at $X per unit in 2021, with an increase of 7.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2018 an increase of 14%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Germany amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.2%).

Source: IndexBox Platform

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