Japan: Hedge Shear Market 2024

Hedge Shear Market Size in Japan

The Japanese hedge shear market rose modestly to $X in 2023, picking up by X% against the previous year. In general, consumption, however, continues to indicate a slight contraction. Hedge shear consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Hedge Shear Production in Japan

In value terms, hedge shear production rose slightly to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Hedge Shear Exports

Exports from Japan

Hedge shear exports from Japan fell sharply to X tons in 2023, which is down by X% against the previous year. In general, exports saw a pronounced descent. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, hedge shear exports declined notably to $X in 2023. Overall, exports showed a noticeable slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for hedge shear exports from Japan, accounting for a X% share of total exports. Moreover, hedge shear exports to South Korea exceeded the volume sent to the second major destination, the United States (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

In value terms, South Korea ($X), the United States ($X) and the Netherlands ($X) constituted the largest markets for hedge shear exported from Japan worldwide, together comprising X% of total exports. The UK, Germany, Italy, Peru, Taiwan (Chinese), China, Australia, Denmark, Chile and Saudi Arabia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average hedge shear export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price showed a slight descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced a decline.

Hedge Shear Imports

Imports into Japan

For the third year in a row, Japan recorded decline in purchases abroad of hedge shears and two-handed pruning shears, which decreased by X% to X tons in 2023. Over the period under review, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, hedge shear imports contracted sharply to $X in 2023. In general, imports recorded a slight contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main suppliers of hedge shear imports to Japan, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Taiwan (Chinese) ($X) and Vietnam ($X) appeared to be the largest hedge shear suppliers to Japan, with a combined X% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average hedge shear import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform