Japan: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in Japan

The Japanese stone sawing machine market soared to $X in 2021, surging by 16% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Stone Sawing Machine Production in Japan

In value terms, stone sawing machine production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 20% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Stone Sawing Machine Exports

Exports from Japan

In 2021, shipments abroad of sawing machines for working stone, ceramics and concrete was finally on the rise to reach X units after two years of decline. Overall, exports, however, showed a abrupt contraction. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, stone sawing machine exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt decrease. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X units) was the main destination for stone sawing machine exports from Japan, with a 56% share of total exports. Moreover, stone sawing machine exports to Vietnam exceeded the volume sent to the second major destination, China (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam totaled -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-17.5% per year) and Taiwan (Chinese) (+75.5% per year).

In value terms, Vietnam ($X), Poland ($X) and China ($X) appeared to be the largest markets for stone sawing machine exported from Japan worldwide, together accounting for 76% of total exports. These countries were followed by Taiwan (Chinese), the Philippines and Norway, which together accounted for a further 19%.

Taiwan (Chinese), with a CAGR of +62.9%, recorded the highest growth rate of the value of exports, in terms of 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 stone sawing machine export price stood at $X per unit in 2021, shrinking by -15.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 52%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to Norway ($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 South Korea (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into Japan

Stone sawing machine imports into Japan surged to X units in 2021, jumping by 93% compared with 2020. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 98%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, stone sawing machine imports skyrocketed to $X in 2021. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 72% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest stone sawing machine supplier to Japan, with a 72% share of total imports. Moreover, stone sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. Austria (X units) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.9% per year) and Austria (+31.5% per year).

In value terms, Austria ($X), China ($X) and Italy ($X) were the largest stone sawing machine suppliers to Japan, together accounting for 79% of total imports. South Korea lagged somewhat behind, comprising a further 7.1%.

Among the main suppliers, South Korea, with a CAGR of +60.5%, saw 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

In 2021, the average stone sawing machine import price amounted to $X per unit, which is down by -32.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 56%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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