Japan: Way-Type Unit Head Market 2022

Way-Type Unit Head Market Size in Japan

The Japanese way-type unit head market dropped rapidly to $X in 2021, with a decrease of -X% against the previous year. In general, consumption, however, recorded a buoyant expansion. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Way-Type Unit Head Production in Japan

In value terms, way-type unit head production declined rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then declined notably in the following year.

Way-Type Unit Head Exports

Exports from Japan

For the third year in a row, Japan recorded decline in overseas shipments of way-type unit heads for working metal, which decreased by -X% to X tons in 2021. Over the period under review, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of less than X%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, way-type unit head exports contracted rapidly to $X in 2021. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for way-type unit head exports from Japan, with a X% share of total exports. Moreover, way-type unit head exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +X%.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%.

Export Prices by Country

In 2021, the average way-type unit head export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price enjoyed resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+X%).

Way-Type Unit Head Imports

Imports into Japan

In 2021, way-type unit head imports into Japan skyrocketed to X tons, picking up by X% against the previous year. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, way-type unit head imports soared to $X in 2021. Overall, imports saw a slight expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main way-type unit head supplier to Japan, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of way-type unit head to Japan.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2021, the average way-type unit head import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, saw a deep downturn. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox Market Intelligence Platform

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