Japan: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Japan

The Japanese self-propelled rock cutter market skyrocketed to $X in 2021, increasing by 22% against the previous year. Over the period under review, consumption posted a remarkable increase. Self-propelled rock cutter consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Self-Propelled Rock Cutter Production in Japan

In value terms, self-propelled rock cutter production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Self-Propelled Rock Cutter Exports

Exports from Japan

In 2021, exports of self-propelled coal or rock cutters and tunnelling machinery from Japan contracted markedly to X units, reducing by -24.2% against the previous year. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 56%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, self-propelled rock cutter exports declined notably to $X in 2021. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by 122% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for self-propelled rock cutter exports from Japan, accounting for a 32% share of total exports. Moreover, self-propelled rock cutter exports to Australia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), threefold. Turkey (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled -12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+6.0% per year) and Turkey (-11.5% per year).

In value terms, Australia ($X) remains the key foreign market for self-propelled coal or rock cutters and tunnelling machinery exports from Japan, comprising 41% of total exports. The second position in the ranking was held by Turkey ($X), with an 8.8% share of total exports. It was followed by Thailand, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Australia totaled -23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-11.2% per year) and Thailand (-14.1% per year).

Export Prices by Country

In 2021, the average self-propelled rock cutter export price amounted to $X per unit, dropping by -23.6% against the previous year. In general, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 50%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports

Imports into Japan

In 2021, overseas purchases of self-propelled coal or rock cutters and tunnelling machinery increased by 2.6% to X units, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 408%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, self-propelled rock cutter imports declined significantly to $X in 2021. Over the period under review, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 105% against the previous year. Imports peaked at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

Sweden (X units), Finland (X units) and China (X units) were the main suppliers of self-propelled rock cutter imports to Japan, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +27.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest self-propelled rock cutter suppliers to Japan were Sweden ($X), Finland ($X) and China ($X).

Sweden, with a CAGR of +22.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average self-propelled rock cutter import price stood at $X per unit in 2021, which is down by -33.8% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 285%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :