Japan: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Japan

The Japanese self-propelled boring machinery market shrank slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption saw a abrupt slump. The pace of growth appeared the most rapid in 2016 when the market value increased by X%. Self-propelled boring machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Self-Propelled Boring Machinery Production in Japan

In value terms, self-propelled boring machinery production dropped to $X in 2022 estimated in export price. In general, production saw a pronounced reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Self-propelled boring machinery production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Self-Propelled Boring Machinery Exports

Exports from Japan

In 2022, shipments abroad of self-propelled boring or sinking machinery increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a slight reduction. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, self-propelled boring machinery exports rose rapidly to $X in 2022. In general, exports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for self-propelled boring machinery exports from Japan, accounting for a X% share of total exports. Moreover, self-propelled boring machinery exports to the United States exceeded the volume sent to the second major destination, Thailand (X units), threefold. Vietnam (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

In value terms, the United States ($X) remains the key foreign market for self-propelled boring or sinking machinery exports from Japan, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and France (X% per year).

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Hong Kong SAR ($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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into Japan

In 2022, approx. X units of self-propelled boring or sinking machinery were imported into Japan; growing by X% on the previous year. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled boring machinery imports contracted sharply to $X in 2022. In general, imports continue to indicate a measured increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X units), Germany (X units) and Italy (X units) were the main suppliers of self-propelled boring machinery imports to Japan, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of self-propelled boring or sinking machinery to Japan, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

The average self-propelled boring machinery import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a mild decline. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform