Japan: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Japan

In 2021, after two years of growth, there was significant decline in the Japanese full-rotation excavator market, when its value decreased by -26.1% to $X. Over the period under review, consumption continues to indicate a noticeable descent. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Full-Rotation Excavator Production in Japan

In value terms, full-rotation excavator production rose to $X in 2021 estimated in export price. Overall, production, however, saw a slight downturn. The growth pace was the most rapid in 2014 with an increase of 15%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Full-Rotation Excavator Exports

Exports from Japan

In 2021, shipments abroad of self-propelled full-rotation excavators and bulldozers was finally on the rise to reach X units after two years of decline. In general, exports continue to indicate mild growth. The most prominent rate of growth was recorded in 2017 when exports increased by 59%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, full-rotation excavator exports soared to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for full-rotation excavator exports from Japan, with a 34% share of total exports. Moreover, full-rotation excavator exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was taken by Australia (X units), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+11.1% per year) and Australia (-3.2% per year).

In value terms, the United States ($X) remains the key foreign market for self-propelled full-rotation excavators and bulldozers exports from Japan, comprising 34% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total exports. It was followed by Australia, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.3% per year) and Australia (-4.8% per year).

Export Prices by Country

The average full-rotation excavator export price stood at $X per unit in 2021, increasing by 14% against the previous year. In general, the export price, however, recorded a slight decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Austria ($X per unit) and Belgium ($X per unit), while the average price for exports to the United States ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-1.6%), while the prices for the other major destinations experienced a decline.

Full-Rotation Excavator Imports

Imports into Japan

In 2021, supplies from abroad of self-propelled full-rotation excavators and bulldozers increased by 1.9% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 144%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, full-rotation excavator imports expanded notably to $X in 2021. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 143%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of full-rotation excavator to Japan, accounting for a 67% share of total imports. Moreover, full-rotation excavator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by South Korea (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.2% per year) and South Korea (+33.5% per year).

In value terms, China ($X) constituted the largest supplier of self-propelled full-rotation excavators and bulldozers to Japan, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by South Korea, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and South Korea (+28.0% per year).

Import Prices by Country

The average full-rotation excavator import price stood at $X per unit in 2021, picking up by 7.5% against the previous year. Overall, the import price, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 7.8%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($X per unit) and Switzerland ($X per unit), while the price for the United Arab Emirates ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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