Japan: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Japan

In 2023, the Japanese machine-tool for working wood market decreased by X% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption continues to indicate a mild setback. Machine-tool for working wood consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Wood in Japan

In value terms, machine-tool for working wood production dropped modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a mild setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

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Exports of Machine-Tools For Working Wood

Exports from Japan

In 2023, after two years of growth, there was significant decline in overseas shipments of machine-tools for working wood, when their volume decreased by X% to X units. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports rose markedly to $X in 2023. In general, exports saw a noticeable reduction. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

China (X units), the United States (X units) and Malaysia (X units) were the main destinations of machine-tool for working wood exports from Japan.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working wood exported from Japan were China ($X), Taiwan (Chinese) ($X) and the United States ($X), together comprising X% of total exports. Malaysia, Vietnam, Russia, Indonesia, South Korea, the Philippines, Thailand, Canada, Hong Kong SAR and Germany lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Canada, 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 machine-tool for working wood export price stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price saw a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Japan

In 2023, purchases abroad of machine-tools for working wood decreased by X% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, machine-tool for working wood imports skyrocketed to $X in 2023. In general, total imports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest machine-tool for working wood supplier to Japan, accounting for a X% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) constituted the largest machine-tool for working wood suppliers to Japan, with a combined X% share of total imports. Italy, Austria, the United States and Slovenia lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine-tool for working wood import price stood at $X per unit in 2023, growing by X% against the previous year. Overall, the import price enjoyed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform