Japan: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Japan

In 2022, the Japanese sugar-manufacturing industrial machinery market decreased by X% to $X.7B, falling for the second year in a row after seven years of growth. Over the period under review, consumption showed a resilient expansion. As a result, consumption attained the peak level of $X.6B. From 2021 to 2022, the growth of the market failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Japan

In value terms, sugar-manufacturing industrial machinery production reached $X.4B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Sugar-manufacturing industrial machinery production peaked at $X.1B in 2014; however, from 2015 to 2022, production remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Japan

In 2022, overseas shipments of industrial machinery for the manufacture or preparation of sugar decreased by X% to X units, falling for the second year in a row after seven years of growth. In general, exports saw a slight shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports amounted to $X in 2022. Overall, exports posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X units), Vietnam (X units) and Norway (X units) were the main destinations of sugar-manufacturing industrial machinery exports from Japan, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugar-manufacturing industrial machinery exported from Japan were China ($X), South Korea ($X) and Mexico ($X), together comprising X% of total exports.

Among the main countries of destination, Mexico, 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 more modest paces of growth.

Export Prices by Country

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, flattening at the previous year. Overall, the export price posted a prominent increase. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Japan

Sugar-manufacturing industrial machinery imports into Japan soared to X units in 2022, picking up by X% compared with the year before. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports skyrocketed to $X in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest sugar-manufacturing industrial machinery supplier to Japan, accounting for a X% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and India (X% per year).

In value terms, Germany ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Japan, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price saw significant growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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