Japan: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Japan

In 2022, the Japanese self-propelled boring machinery market decreased by -20.1% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption faced a abrupt contraction. Self-propelled boring machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Self-Propelled Boring Machinery Production in Japan

In value terms, self-propelled boring machinery production reached $X in 2022 estimated in export price. Overall, production saw a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by 13%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports from Japan

In 2022, overseas shipments of self-propelled boring or sinking machinery increased by 0.9% to X units, rising for the second year in a row after three years of decline. Overall, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 105%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery exports reached $X in 2022. In general, exports, however, showed a mild slump. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for self-propelled boring machinery exports from Japan, with a 55% share of total exports. Moreover, self-propelled boring machinery exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), more than tenfold. France (X units) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+10.4% per year) and France (+15.7% per year).

In value terms, the United States ($X) remains the key foreign market for self-propelled boring or sinking machinery exports from Japan, comprising 56% of total exports. The second position in the ranking was taken by South Korea ($X), with a 4.7% share of total exports. It was followed by France, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+4.1% per year) and France (+9.0% per year).

Export Prices by Country

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, picking up by 5.9% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 22% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Hong Kong SAR ($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 Egypt (+9.0%), while the prices for the other major destinations experienced a decline.

Self-Propelled Boring Machinery Imports

Imports into Japan

In 2022, the amount of self-propelled boring or sinking machinery imported into Japan declined rapidly to X units, with a decrease of -28.6% compared with the year before. Over the period under review, imports, however, posted a tangible expansion. The growth pace was the most rapid in 2013 with an increase of 102%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, self-propelled boring machinery imports contracted dramatically to $X in 2022. Overall, imports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2013 with an increase of 116% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest self-propelled boring machinery supplier to Japan, accounting for a 44% share of total imports. Moreover, self-propelled boring machinery imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. Italy (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+36.9% per year) and Italy (+14.9% per year).

In value terms, Germany ($X) constituted the largest supplier of self-propelled boring or sinking machinery to Japan, comprising 47% of total imports. The second position in the ranking was held by South Korea ($X), with a 19% share of total imports. It was followed by Italy, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+93.0% per year) and Italy (+19.3% per year).

Import Prices by Country

The average self-propelled boring machinery import price stood at $X per unit in 2022, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 an increase of 34%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+44.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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