Japan: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in Japan

In 2021, the Japanese wood bending machine market increased by 25% to $X, rising for the third year in a row after five years of decline. Over the period under review, consumption continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Bending Machine Production in Japan

In value terms, wood bending machine production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2013 with an increase of 40% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Wood Bending Machine Exports

Exports from Japan

In 2021, shipments abroad of bending or assembling machines decreased by -54.1% to X units, falling for the third year in a row after five years of growth. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 33% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood bending machine exports fell rapidly to $X in 2021. Over the period under review, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 1.9% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for wood bending machine exports from Japan, with a 51% share of total exports. Moreover, wood bending machine exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The Philippines (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.3% per year) and the Philippines (+33.4% per year).

In value terms, Russia ($X) remains the key foreign market for wood bending machine exports from Japan, comprising 42% of total exports. The second position in the ranking was taken by China ($X), with an 18% share of total exports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-19.5% per year) and the United States (+16.1% per year).

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, which is down by -4.6% against the previous year. In general, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 65% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to the Netherlands ($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 Singapore (+64.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Japan

Wood bending machine imports into Japan shrank remarkably to X units in 2021, dropping by -67.2% against 2020 figures. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 129%. Imports peaked at X units in 2020, and then shrank rapidly in the following year.

In value terms, wood bending machine imports fell notably to $X in 2021. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 147% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Denmark (X units) and Austria (X units) were the main suppliers of wood bending machine imports to Japan, together comprising 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +23.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood bending machine suppliers to Japan were China ($X), Denmark ($X) and Austria ($X), with a combined 97% share of total imports.

Austria, with a CAGR of +25.8%, saw 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

In 2021, the average wood bending machine import price amounted to $X per unit, growing by 158% against the previous year. Over the period under review, the import price recorded pronounced growth. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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