Japan: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Japan

The Japanese wood milling machine market declined to $X in 2022, dropping by X% against the previous year. In general, consumption recorded a abrupt slump. Wood milling machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wood Milling Machine Production in Japan

In value terms, wood milling machine production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Wood milling machine production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Wood Milling Machine Exports

Exports from Japan

In 2022, the amount of planing, milling or moulding machines exported from Japan declined to X units, waning by X% against 2021 figures. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood milling machine exports shrank markedly to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X units) was the main destination for wood milling machine exports from Japan, with a X% share of total exports. Moreover, wood milling machine exports to Vietnam exceeded the volume sent to the second major destination, China (X units), fourfold. Thailand (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 Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Thailand (X% per year).

In value terms, China ($X) remains the key foreign market for planing, milling or moulding machines exports from Japan, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the average wood milling machine export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Vietnam ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Japan

In 2022, purchases abroad of planing, milling or moulding machines increased by X% to X units, rising for the second year in a row after three years of decline. In general, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, wood milling machine imports expanded sharply to $X in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest wood milling machine supplier to Japan, with a X% share of total imports. Moreover, wood milling machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of planing, milling or moulding machines to Japan, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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