Japan: Tamping Machinery Market 2024

Tamping Machinery Market Size in Japan

In 2021, the Japanese tamping machinery market was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -26.5% against 2018 indices. Tamping machinery consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Tamping Machinery Production in Japan

In value terms, tamping machinery production expanded sharply to $X in 2021 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.2% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 29%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Tamping Machinery Exports

Exports from Japan

In 2021, tamping machinery exports from Japan skyrocketed to X units, picking up by 39% against the previous year's figure. Over the period under review, exports, however, continue to indicate a deep reduction. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, tamping machinery exports skyrocketed to $X in 2021. In general, exports, however, recorded a pronounced descent. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for tamping machinery exports from Japan, accounting for a 43% share of total exports. Moreover, tamping machinery exports to the United States exceeded the volume sent to the second major destination, France (X units), threefold. Canada (X units) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.3% per year) and Canada (-5.9% per year).

In value terms, the United States ($X) remains the key foreign market for tamping or compacting machinery exports from Japan, comprising 43% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by Canada, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.2% per year) and Canada (-7.1% per year).

Export Prices by Country

The average tamping machinery export price stood at $X per unit in 2021, dropping by -3.1% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tamping machinery export price decreased by -18.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Saudi Arabia ($X per unit) and New Zealand ($X per unit), while the average price for exports to the United States ($X per unit) and France ($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 Vietnam (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tamping Machinery Imports

Imports into Japan

In 2021, overseas purchases of tamping or compacting machinery increased by 1.8% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, tamping machinery imports expanded modestly to $X in 2021. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by 22% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X units) constituted the largest tamping machinery supplier to Japan, accounting for a 85% share of total imports. Moreover, tamping machinery imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. Austria (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam amounted to +79.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.8% per year) and Austria (+62.9% per year).

In value terms, Vietnam ($X) constituted the largest supplier of tamping or compacting machinery to Japan, comprising 85% of total imports. The second position in the ranking was held by China ($X), with a 7.3% share of total imports. It was followed by Austria, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam totaled +70.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-29.1% per year) and Austria (+57.6% per year).

Import Prices by Country

In 2021, the average tamping machinery import price amounted to $X per unit, picking up by 2% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2018 an increase of 10% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per unit) and Germany ($X per unit), while the price for Austria ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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