Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Japan - 2024
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Japan (FOB) - 2024
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Japan (CIF) - 2024
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Japan
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Japan
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Japan (FOB) - 2024
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $92,041 per ton in February 2024, picking up by 53% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 55% against the previous month. Over the period under review, the average export prices hit record highs at $107K per ton in August 2023; however, from September 2023 to February 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In February 2024, the country with the highest price was Vietnam ($172K per ton), while the average price for exports to Canada ($28,861 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Japan (CIF) - 2024
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $18,531 per ton in February 2024, jumping by 15% against the previous month. Overall, import price indicated a pronounced expansion from February 2023 to February 2024: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, import price for machines and mechanical appliances; parts, of those having individual functionses increased by +21.7% against November 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 30% against the previous month. Over the period under review, average import prices reached the maximum in February 2024.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Germany ($49,947 per ton), while the price for Thailand ($7,846 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by South Korea (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Japan
In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses exported from Japan expanded slightly to 16K tons, growing by 2.5% against the year before. The total export volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when exports increased by 12%. As a result, the exports attained the peak of 16K tons; afterwards, it flattened through to 2022.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses shrank to $1.5B in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12%. As a result, the exports reached the peak of $1.6B, and then dropped in the following year.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 327 | 500 | 479 | 373 | 4.5% |
| United States | 255 | 200 | 264 | 240 | -2.0% |
| Thailand | 97.4 | 81.1 | 103 | 106 | 2.9% |
| South Korea | 74.2 | 81.4 | 88.1 | 83.6 | 4.1% |
| Taiwan (Chinese) | 79.7 | 78.9 | 88.6 | 78.9 | -0.3% |
| Hong Kong SAR | 55.2 | 55.4 | 67.8 | 62.0 | 3.9% |
| Germany | 53.1 | 45.3 | 61.2 | 56.2 | 1.9% |
| Philippines | 60.5 | 63.1 | 58.6 | 53.5 | -4.0% |
| Vietnam | 59.7 | 69.4 | 67.0 | 52.5 | -4.2% |
| Mexico | 33.7 | 24.8 | 50.7 | 51.9 | 15.5% |
| Indonesia | 33.1 | 22.2 | 35.4 | 34.3 | 1.2% |
| India | 36.2 | 23.2 | 32.0 | 34.1 | -2.0% |
| Russia | 6.5 | 10.6 | 5.9 | 11.1 | 19.5% |
| Others | 217 | 197 | 228 | 219 | 0.3% |
| Total | 1,388 | 1,452 | 1,630 | 1,457 | 1.6% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Japan in 2022:
- China (5.0K tons)
- United States (2.2K tons)
- Thailand (1.4K tons)
- South Korea (1.1K tons)
- Hong Kong SAR (0.8K tons)
- Taiwan (Chinese) (0.6K tons)
- Russia (0.5K tons)
- Mexico (0.4K tons)
- Indonesia (0.4K tons)
- Philippines (0.3K tons)
- India (0.3K tons)
- Vietnam (0.3K tons)
- Germany (0.3K tons)
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Japan
In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses imported into Japan soared to 73K tons, picking up by 21% against 2021 figures. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses declined to $947M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports attained the peak of $1.1B, and then fell in the following year.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 363 | 321 | 451 | 426 | 5.5% |
| South Korea | 120 | 92.5 | 99.4 | 103 | -5.0% |
| Germany | 55.0 | 63.7 | 60.7 | 54.4 | -0.4% |
| Vietnam | 42.1 | 40.9 | 47.6 | 50.0 | 5.9% |
| Taiwan (Chinese) | 36.8 | 33.4 | 49.2 | 47.3 | 8.7% |
| Thailand | 28.8 | 26.4 | 32.1 | 26.9 | -2.2% |
| Others | 267 | 230 | 323 | 239 | -3.6% |
| Total | 913 | 808 | 1,063 | 947 | 1.2% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Japan in 2022:
- China (47.1K tons)
- South Korea (15.1K tons)
- Thailand (3.3K tons)
- Vietnam (1.8K tons)
- Taiwan (Chinese) (1.5K tons)
- Germany (1.0K tons)
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