Price for Metals; Gold, Non-Monetary, Powder in Japan - 2023

Contents:

1. Price for Metals; Gold, Non-Monetary, Powder in Japan (CIF) - 2022
2. Price for Metals; Gold, Non-Monetary, Powder in Japan (FOB) - 2023
3. Imports of Metals; Gold, Non-Monetary, Powder in Japan
4. Exports of Metals; Gold, Non-Monetary, Powder in Japan

Price for Metals; Gold, Non-Monetary, Powder in Japan (CIF) - 2022

In 2022, the average metals; gold, non-monetary, powder import price amounted to $58,825,175 per ton, which is down by -2.3% against the previous year. Overall, the import price, however, recorded a noticeable expansion. The growth pace was the most rapid in 2017 an increase of 88% against the previous year. The import price peaked at $60,232,466 per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($67,884,611 per ton), while the price for South Korea ($6,280,571 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Metals; Gold, Non-Monetary, Powder in Japan (FOB) - 2023

In July 2023, the average metals; gold, non-monetary, powder export price amounted to $33.6M per ton, almost unchanged from the previous month. Overall, the export price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 79% m-o-m. Over the period under review, the average export prices reached the maximum at $75.8M per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Hong Kong SAR ($155M per ton), while the average price for exports to Malaysia ($10.1M per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Metals; Gold, Non-Monetary, Powder in Japan

Metals; gold, non-monetary, powder imports into Japan fell to 841 kg in 2022, with a decrease of -9.9% compared with the previous year's figure. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 31,000% against the previous year. As a result, imports reached the peak of 933 kg, and then shrank in the following year.

In value terms, metals; gold, non-monetary, powder imports shrank to $49M in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 39,800% against the previous year. As a result, imports reached the peak of $56M, and then reduced in the following year.

Top Suppliers of Metals; Gold, Non-Monetary, Powder to Japan in 2022:

1. United States (706.0 kg)
2. South Korea (86.0 kg)
3. Italy (49.0 kg)

Exports of Metals; Gold, Non-Monetary, Powder in Japan

In 2022, shipments abroad of metals; gold, non-monetary, powder decreased by -28% to 90 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a mild downturn. The pace of growth was the most pronounced in 2020 when exports increased by 173% against the previous year. As a result, the exports attained the peak of 259 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, metals; gold, non-monetary, powder exports declined sharply to $3.9M in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 219% against the previous year. As a result, the exports attained the peak of $8.3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Metals; Gold, Non-Monetary, Powder from Japan in 2022:

1. China (31.0 kg)
2. Thailand (26.0 kg)
3. Germany (13.0 kg)
4. Bhutan (6.0 kg)
5. Taiwan (Chinese) (6.0 kg)
6. South Korea (4.0 kg)
7. Hong Kong SAR (1.0 kg)

Source: IndexBox Market Intelligence Platform