Japan: Wheeled Loader Market 2024

Wheeled Loader Market Size in Japan

The Japanese wheeled loader market contracted to $X in 2021, dropping by -6.6% against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Wheeled Loader Production in Japan

In value terms, wheeled loader production declined to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 20% against the previous year. Wheeled loader production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Wheeled Loader Exports

Exports from Japan

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders exported from Japan surged to X units, jumping by 21% against the year before. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +15.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 24% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, wheeled loader exports skyrocketed to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for wheeled loader exports from Japan, accounting for a 64% share of total exports. Moreover, wheeled loader exports to the United States exceeded the volume sent to the second major destination, Australia (X units), ninefold. Canada (X units) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+2.6% per year) and Canada (+16.1% per year).

In value terms, the United States ($X) remains the key foreign market for wheeled loaders, crawler shovel loaders, front-end loaders exports from Japan, comprising 64% of total exports. The second position in the ranking was held by Australia ($X), with a 7.4% share of total exports. It was followed by Canada, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+2.4% per year) and Canada (+15.9% per year).

Export Prices by Country

The average wheeled loader export price stood at $X per unit in 2021, rising by 9.3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per unit) and Indonesia ($X per unit), while the average price for exports to the United States ($X per unit) and Canada ($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 Indonesia (-0.1%), while the prices for the other major destinations experienced a decline.

Wheeled Loader Imports

Imports into Japan

In 2021, overseas purchases of wheeled loaders, crawler shovel loaders, front-end loaders decreased by -8.8% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by 108% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, wheeled loader imports dropped slightly to $X in 2021. In general, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 97% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the UK (X units) and the United States (X units) were the main suppliers of wheeled loader imports to Japan, together accounting for 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +95.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheeled loader suppliers to Japan were China ($X), the UK ($X) and the United States ($X), with a combined 94% share of total imports.

In terms of the main suppliers, China, with a CAGR of +91.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wheeled loader import price amounted to $X per unit, increasing by 6.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 7.8% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Czech Republic ($X per unit) and the United States ($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 the Czech Republic (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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