Aluminium Wire Price in Japan - 2023
Contents:
- Aluminium Wire Price in Japan (CIF) - 2022
- Aluminium Wire Price in Japan (FOB) - 2022
- Aluminium Wire Imports in Japan
- Aluminium Wire Exports in Japan
Aluminium Wire Price in Japan (CIF) - 2022
The average aluminium wire import price stood at $4,373 per ton in 2022, growing by 24% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $4,530 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 China ($6,859 per ton), while the price for Thailand ($3,363 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Wire Price in Japan (FOB) - 2022
The average aluminium wire export price stood at $5,354 per ton in 2022, increasing by 3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2018 when the average export price increased by 20%. The export price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($9,972 per ton), while the average price for exports to Malaysia ($3,900 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 China (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Wire Imports in Japan
In 2022, the amount of aluminium wires imported into Japan contracted remarkably to 9.5K tons, which is down by -24.2% against the year before. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 6.1% against the previous year.
In value terms, aluminium wire imports shrank to $41M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 29%. As a result, imports attained the peak of $44M, and then fell in the following year.
| Import of Aluminium Wire in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 19.3 | 19.9 | 15.5 | 12.2 | -14.2% |
| Vietnam | 6.5 | 3.9 | 11.9 | 10.3 | 16.6% |
| United States | 3.5 | 2.5 | 4.2 | 3.8 | 2.8% |
| United Kingdom | 2.5 | 2.1 | 3.1 | 3.7 | 14.0% |
| Spain | 1.1 | 1.2 | 2.0 | 3.5 | 47.1% |
| Netherlands | 2.3 | 1.6 | 3.5 | 3.4 | 13.9% |
| China | 1.9 | 1.7 | 2.4 | 2.1 | 3.4% |
| Others | 1.3 | 1.5 | 1.5 | 2.3 | 20.9% |
| Total | 38.4 | 34.3 | 44.2 | 41.4 | 2.5% |
Top Suppliers of Aluminium Wire to Japan in 2022:
- Thailand (3.6K tons)
- Vietnam (3.0K tons)
- United States (0.6K tons)
- Netherlands (0.6K tons)
- United Kingdom (0.6K tons)
- Spain (0.5K tons)
- China (0.3K tons)
Aluminium Wire Exports in Japan
In 2022, approx. 9.1K tons of aluminium wires were exported from Japan; picking up by 7% against 2021 figures. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, aluminium wire exports rose rapidly to $49M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Aluminium Wire in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 6.0 | 7.5 | 12.0 | 9.0 | 14.5% |
| Taiwan (Chinese) | 1.4 | 1.7 | 2.8 | 8.3 | 81.0% |
| South Korea | 5.0 | 5.3 | 7.8 | 7.5 | 14.5% |
| China | 4.6 | 4.4 | 6.3 | 5.3 | 4.8% |
| United States | 3.9 | 2.8 | 4.3 | 4.9 | 7.9% |
| Germany | 4.8 | 4.1 | 3.6 | 4.3 | -3.6% |
| Vietnam | 0.3 | 0.4 | 0.9 | 1.9 | 85.0% |
| Others | 4.1 | 4.9 | 6.0 | 7.3 | 21.2% |
| Total | 30.0 | 31.1 | 43.7 | 48.6 | 17.4% |
Top Export Markets for Aluminium Wire from Japan in 2022:
- Malaysia (2.3K tons)
- Taiwan (Chinese) (2.0K tons)
- South Korea (1.6K tons)
- Germany (0.9K tons)
- China (0.7K tons)
- United States (0.5K tons)
- Vietnam (0.4K tons)
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