Japan: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in Japan

The Japanese thermoforming machine market dropped to $X in 2023, which is down by X% against the previous year. In general, consumption, however, recorded a strong increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Thermoforming Machine Production in Japan

In value terms, thermoforming machine production dropped to $X in 2023 estimated in export price. In general, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Thermoforming machine production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Thermoforming Machine Exports

Exports from Japan

In 2023, shipments abroad of thermoforming machines for working rubber or plastics decreased by X% to X units, falling for the seventh year in a row after two years of growth. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, thermoforming machine exports soared to $X in 2023. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

China (X units), Vietnam (X units) and Indonesia (X units) were the main destinations of thermoforming machine exports from Japan, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, China ($X) emerged as the key foreign market for thermoforming machines for working rubber or plastics exports from Japan, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2023, 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: Taiwan (Chinese) (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average thermoforming machine export price stood at $X per unit in 2023, surging by X% against the previous year. In general, the export price continues to indicate strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Thermoforming Machine Imports

Imports into Japan

Thermoforming machine imports into Japan surged to X units in 2023, rising by X% compared with the previous year. Over the period under review, imports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, thermoforming machine imports expanded markedly to $X in 2023. Overall, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and the United States (X units) were the main suppliers of thermoforming machine imports to Japan, with a combined X% share of total imports. Italy, South Korea, Germany, the UK and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of thermoforming machines for working rubber or plastics to Japan, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

From 2012 to 2023, 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

In 2023, the average thermoforming machine import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price enjoyed a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform