Price for Magnesium; Waste and Scrap in Japan - 2023
Contents:
- Price for Magnesium; Waste and Scrap in Japan (CIF) - 2023
- Price for Magnesium; Waste and Scrap in Japan (FOB) - 2022
- Imports of Magnesium; Waste and Scrap in Japan
- Exports of Magnesium; Waste and Scrap in Japan
Price for Magnesium; Waste and Scrap in Japan (CIF) - 2023
The average magnesium; waste and scrap import price stood at $1,769 per ton in September 2023, picking up by 1.9% against the previous month. Overall, the import price posted mild growth. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 577% month-to-month. The import price peaked at $1,962 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2,931 per ton), while the price for Thailand stood at $1,369 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Waste and Scrap in Japan (FOB) - 2022
The average magnesium; waste and scrap export price stood at $1,473 per ton in 2022, shrinking by -4.8% against the previous year. In general, the export price saw a pronounced contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 127%. The export price peaked at $2,358 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,687 per ton), while the average price for exports to Thailand ($949 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Magnesium; Waste and Scrap in Japan
Magnesium; waste and scrap imports into Japan soared to 797 tons in 2022, jumping by 36% against 2021. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, magnesium; waste and scrap imports surged to $1.4M in 2022. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 73%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Magnesium; Waste and Scrap in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 470 | 318 | 459 | 559 | 6.0% |
| China | 153 | 120 | 239 | 548 | 53.0% |
| Taiwan (Chinese) | 67.5 | 89.0 | 148 | 313 | 66.8% |
| Vietnam | 74.0 | N/A | N/A | N/A | 0% |
| Others | N/A | 2.8 | 68.4 | N/A | 2342.9% |
| Total | 765 | 530 | 915 | 1,420 | 22.9% |
Top Suppliers of Magnesium; Waste and Scrap to Japan in 2022:
- Thailand (374.8 tons)
- Taiwan (Chinese) (316.6 tons)
- China (106.0 tons)
Exports of Magnesium; Waste and Scrap in Japan
Magnesium; waste and scrap exports from Japan surged to 130 tons in 2022, with an increase of 60% against 2021 figures. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 130% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, magnesium; waste and scrap exports soared to $192K in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 88%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Magnesium; Waste and Scrap in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 6.5 | N/A | 81.6 | 254.3% |
| Thailand | N/A | N/A | N/A | 60.4 | 0% |
| Brazil | 5.0 | 39.2 | 18.0 | 21.3 | 62.1% |
| Hong Kong SAR | N/A | N/A | N/A | 21.1 | 0% |
| United Kingdom | 24.0 | 6.8 | 7.7 | 7.8 | -31.2% |
| South Korea | 9.0 | N/A | 73.0 | N/A | 184.8% |
| Germany | N/A | 22.4 | 25.2 | N/A | 12.5% |
| Slovenia | N/A | 38.0 | N/A | N/A | 0% |
| Netherlands | 50.9 | 54.2 | 2.0 | N/A | -80.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 88.9 | 167 | 126 | 192 | 29.3% |
Top Export Markets for Magnesium; Waste and Scrap from Japan in 2022:
- Thailand (63.7 tons)
- United States (30.4 tons)
- Brazil (15.2 tons)
- Hong Kong SAR (15.1 tons)
- United Kingdom (6.1 tons)
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