Japan: Spades And Shovels Market 2024

Spades And Shovels Market Size in Japan

The Japanese spades and shovels market reduced to $X in 2021, stabilizing at the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Spades and shovels consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Spades And Shovels Production in Japan

In value terms, spades and shovels production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 36%. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Spades And Shovels Exports

Exports from Japan

After three years of decline, overseas shipments of spades and shovels increased by 29% to X tons in 2021. Over the period under review, exports, however, continue to indicate a deep reduction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, spades and shovels exports surged to $X in 2021. Overall, exports, however, recorded a abrupt decrease. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Central African Republic (X tons) and Taiwan (Chinese) (X tons) were the main destinations of spades and shovels exports from Japan, together accounting for 71% of total exports. These countries were followed by the Philippines, Ecuador, the UK and Hong Kong SAR, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +36.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for spades and shovels exports from Japan, comprising 35% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 16% share of total exports. It was followed by Central African Republic, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+8.4% per year) and Central African Republic (-12.3% per year).

Export Prices by Country

The average spades and shovels export price stood at $X per ton in 2021, with an increase of 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2020 an increase of 11% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

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 the UK ($X per ton), while the average price for exports to Central African Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Spades And Shovels Imports

Imports into Japan

In 2021, after two years of decline, there was significant growth in overseas purchases of spades and shovels, when their volume increased by 43% to X tons. In general, imports, however, recorded a perceptible descent. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, spades and shovels imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a pronounced descent. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of spades and shovels to Japan, accounting for a 98% share of total imports. It was followed by Vietnam (X tons), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -2.6%.

In value terms, China ($X) constituted the largest supplier of spades and shovels to Japan, comprising 94% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -4.0%.

Import Prices by Country

In 2021, the average spades and shovels import price amounted to $X per ton, increasing by 23% against the previous year. In general, the import price, however, recorded a slight downturn. Over the period under review, average import prices reached the maximum at $X per ton 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, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+13.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :