Japan: Wood Milling Machine Market 2022

Wood Milling Machine Market Size in Japan

The Japanese wood milling machine market soared to $X in 2021, growing by 16% against the previous year. Overall, consumption continues to indicate a strong increase. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Wood Milling Machine Production in Japan

In value terms, wood milling machine production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 37% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wood Milling Machine Exports

Exports from Japan

In 2021, overseas shipments of planing, milling or moulding machines were finally on the rise to reach X units after two years of decline. Overall, exports, however, continue to indicate a dramatic descent. The growth pace was the most rapid in 2017 when exports increased by 115%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood milling machine exports contracted to $X in 2021. In general, exports, however, recorded a sharp decrease. The growth pace was the most rapid in 2018 when exports increased by 69% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), South Korea (X units) and China (X units) were the main destinations of wood milling machine exports from Japan, together accounting for 73% of total exports. These countries were followed by the Philippines, Indonesia, Thailand, the United States and Malaysia, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +9.9%), while the other leaders experienced a decline.

In value terms, China ($X) remains the key foreign market for wood milling machine exports from Japan, comprising 68% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 7.8% share of total exports. It was followed by South Korea, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-11.6% per year) and South Korea (-12.1% per year).

Export Prices by Country

In 2021, the average wood milling machine export price amounted to $X per unit, which is down by -29.3% against the previous year. Overall, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 203% against the previous year. The export price peaked at $X per unit in 2020, and then declined remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Vietnam ($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 China (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Japan

In 2021, purchases abroad of planing, milling or moulding machines was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a noticeable contraction. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wood milling machine imports skyrocketed to $X in 2021. Overall, imports, however, showed a deep contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of wood milling machine to Japan, accounting for a 73% share of total imports. Moreover, wood milling machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.9% per year) and the United States (+27.6% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of wood milling machine to Japan, comprising 65% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.9% per year) and the United States (+35.2% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, with an increase of 5.6% against the previous year. Overall, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 9.4% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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