Japan: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in Japan

The Japanese wood drilling machine market reduced markedly to $X in 2021, dropping by -50.4% against the previous year. Over the period under review, consumption recorded a abrupt curtailment. Wood drilling machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Wood Drilling Machine Production in Japan

In value terms, wood drilling machine production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2016 with an increase of 44%. Wood drilling machine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wood Drilling Machine Exports

Exports from Japan

In 2021, approx. X units of drilling or morticing machines were exported from Japan; with an increase of 119% compared with 2020 figures. In general, exports continue to indicate a modest expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood drilling machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a pronounced shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X units), China (X units) and the Philippines (X units) were the main destinations of wood drilling machine exports from Japan, together accounting for 91% of total exports.

From 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +34.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and the Philippines ($X) were the largest markets for wood drilling machine exported from Japan worldwide, together accounting for 87% of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +24.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, with an increase of 2.6% against the previous year. In general, the export price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2019 an increase of 12%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Vietnam ($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 Malaysia (+48.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Japan

In 2021, approx. X units of drilling or morticing machines were imported into Japan; shrinking by -15.2% against 2020 figures. Over the period under review, imports, however, showed a moderate expansion. The pace of growth was the most pronounced in 2014 with an increase of 131%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, wood drilling machine imports shrank to $X in 2021. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 50% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood drilling machine to Japan, accounting for a 66% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.4% per year) and Taiwan (Chinese) (-3.6% per year).

In value terms, the largest wood drilling machine suppliers to Japan were Germany ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 93% of total imports.

Germany, with a CAGR of -3.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, growing by 4.5% against the previous year. In general, the import price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 13%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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