
Japan - Sheet Piling Of Steel - Market Analysis, Forecast, Size, Trends And Insights
Japan's Steel Sheet Piling Costs Dip Moderately to $885/Ton
Japan Steel Sheet Piling Export Price in February 2023
In February 2023, the steel sheet piling price stood at $885 per ton (FOB, Japan), falling by -7.4% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 16% m-o-m. As a result, the export price reached the peak level of $1,064 per ton. From June 2022 to February 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In February 2023, the country with the highest price was the Philippines ($1,234 per ton), while the average price for exports to Taiwan (Chinese) ($799 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
COUNTRY | Export Price of Steel Sheet Piling in Japan (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
Philippines | N/A | 1,283 | 1,171 | 1,188 | 1,151 | N/A | 1,157 | N/A | 1,056 | N/A | 1,260 | 1,337 | 1,234 |
Australia | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 883 |
Singapore | 1,085 | N/A | 1,034 | 1,125 | 1,140 | 1,139 | N/A | N/A | 1,049 | N/A | 967 | N/A | 869 |
Taiwan (Chinese) | 940 | 924 | 964 | 1,005 | 1,004 | 976 | 893 | 822 | 792 | 847 | 845 | 833 | 799 |
China | N/A | N/A | 709 | N/A | N/A | N/A | N/A | 827 | N/A | 855 | 828 | N/A | N/A |
Hong Kong | N/A | 916 | N/A | 1,051 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Average | 992 | 1,043 | 915 | 1,064 | 1,052 | 977 | 978 | 823 | 863 | 847 | 919 | 957 | 885 |
Japan Steel Sheet Piling Exports
Steel sheet piling exports from Japan skyrocketed to 9.4K tons in February 2023, rising by 38% against the previous month. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in October 2022 when exports increased by 735% month-to-month.
In value terms, steel sheet piling exports surged to $8.3M (IndexBox estimates) in February 2023. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in October 2022 when exports increased by 776% against the previous month.
Japan Steel Sheet Piling Exports by Country
Taiwan (Chinese) (6.5K tons) was the main destination for steel sheet piling exports from Japan, accounting for a 69% share of total exports. Moreover, steel sheet piling exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the Philippines (1.6K tons), fourfold. The third position in this ranking was taken by Singapore (833 tons), with an 8.8% share.
From February 2022 to February 2023, the average monthly growth rate of volume to Taiwan (Chinese) amounted to +17.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Philippines (-2.7% per month) and Singapore (+9.9% per month).
In value terms, Taiwan (Chinese) ($5.2M) remains the key foreign market for steel sheet piling exports from Japan, comprising 63% of total exports. The second position in the ranking was taken by the Philippines ($2M), with a 24% share of total exports. It was followed by Singapore, with an 8.7% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of value to Taiwan (Chinese) amounted to +15.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Philippines (-3.0% per month) and Singapore (+7.8% per month).
This report provides an in-depth analysis of the steel sheet piling market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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