Japan: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2023

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Japan

After two years of decline, the Japanese market for machine-tools for working stone, ceramics, and concrete increased by 11% to $X in 2021. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Japan

In value terms, machine tools for working stone production soared to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 37% against the previous year. Machine tools for working stone production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Japan

In 2021, shipments abroad of machine-tools for working stone, ceramics, and concrete was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, recorded a mild slump. The pace of growth was the most pronounced in 2017 with an increase of 57% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, machine tools for working stone exports soared to $X in 2021. In general, exports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 25%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for machine tools for working stone exports from Japan, with a 75% share of total exports. Moreover, machine tools for working stone exports to China exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold. The third position in this ranking was taken by South Korea (X units), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+8.8% per year) and South Korea (-12.1% per year).

In value terms, China ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Japan, comprising 70% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.4% share of total exports. It was followed by the United States, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+3.4% per year) and the United States (-0.7% per year).

Export Prices by Country

In 2021, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, with a decrease of -10.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 26% against the previous year. The export price peaked at $X per unit in 2020, and then declined in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to South Korea ($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 the United States (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Japan

Machine tools for working stone imports into Japan dropped to X units in 2021, declining by -14.2% compared with 2020. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 65%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine tools for working stone imports fell notably to $X in 2021. Over the period under review, imports, however, recorded a notable expansion. The growth pace was the most rapid in 2013 when imports increased by 99%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest machine tools for working stone supplier to Japan, with a 56% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.7% per year) and Taiwan (Chinese) (+10.7% per year).

In value terms, the largest machine tools for working stone suppliers to Japan were China ($X), the United States ($X) and Italy ($X), together accounting for 83% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +28.6%, saw 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

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2021, which is down by -26.7% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine tools for working stone import price increased by +12.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 47% against the previous year. The import price peaked at $X per unit in 2020, and then fell notably in the following year.

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 ($X per unit), while the price for India ($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 (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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