Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Japan - 2024

Contents:

  1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Japan (CIF) - 2022
  2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Japan (FOB) - 2024
  3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Japan
  4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Japan

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Japan (CIF) - 2022

In 2022, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $127,380 per ton, dropping by -9.1% against the previous year. Over the period under review, the import price saw a mild setback. The growth pace was the most rapid in 2017 when the average import price increased by 48% against the previous year. Over the period under review, average import prices attained the maximum at $155,057 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($442,660 per ton), while the price for South Korea ($27,433 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Japan (FOB) - 2024

In November 2023, the average export price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $124K per ton, dropping by -5.4% against the previous month. In general, the export price continues to indicate a mild slump. The pace of growth appeared the most rapid in September 2023 an increase of 16% month-to-month. As a result, the export price reached the peak level of $142K per ton. From October 2023 to November 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the United States ($153K per ton), while the average price for exports to Saudi Arabia ($68,103 per ton) was amongst the lowest.

From February 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Japan

Imports of balances; of a sensitivity of 5cg or better, with or without weightses into Japan surged to 180 tons in 2022, picking up by 27% against 2021 figures. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses skyrocketed to $23M in 2022. The total import value increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland7.38.69.610.713.6%
China2.72.94.14.215.9%
Philippines3.02.02.54.111.0%
Germany5.12.63.03.0-16.2%
South KoreaN/AN/A0.10.3200.0%
Others0.30.10.40.518.6%
Total18.416.319.822.97.6%

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Japan in 2022:

  1. Philippines (67.1 tons)
  2. China (44.9 tons)
  3. Germany (29.5 tons)
  4. Switzerland (24.3 tons)
  5. South Korea (12.5 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Japan

In 2022, exports of balances; of a sensitivity of 5cg or better, with or without weightses from Japan expanded notably to 156 tons, with an increase of 10% on 2021. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses reached $20M in 2022. In general, exports, however, saw a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by 9.9%.

Export of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea2.72.63.33.14.7%
India2.61.12.02.60.0%
United States2.32.33.32.2-1.5%
Hong Kong SAR2.41.92.12.0-5.9%
China1.01.61.21.39.1%
Taiwan (Chinese)1.00.60.60.9-3.5%
Russia1.31.01.10.8-14.9%
Indonesia0.80.60.50.7-4.4%
Vietnam0.30.50.10.732.6%
Germany0.80.51.20.7-4.4%
Thailand1.10.70.40.6-18.3%
United Arab Emirates0.40.60.50.57.7%
Malaysia0.60.60.40.4-12.6%
Others4.23.73.23.5-5.9%
Total21.518.220.020.1-2.2%

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Japan in 2022:

  1. United States (21.1 tons)
  2. South Korea (19.7 tons)
  3. India (17.7 tons)
  4. Hong Kong SAR (17.7 tons)
  5. China (7.8 tons)
  6. Taiwan (Chinese) (7.5 tons)
  7. Russia (7.2 tons)
  8. Indonesia (7.1 tons)
  9. Germany (6.6 tons)
  10. United Arab Emirates (5.7 tons)
  11. Vietnam (4.6 tons)
  12. Thailand (4.4 tons)
  13. Malaysia (3.6 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Balances; of a sensitivity of 5cg or better, with or without weights - Japan