Japan - Wire Rod Of Free-Cutting Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Free-Cutting Steel Wire Rod in Japan - 2023
Contents:
- Price for Free-Cutting Steel Wire Rod in Japan (FOB) - 2022
- Price for Free-Cutting Steel Wire Rod in Japan (CIF) - 2022
- Exports of Free-Cutting Steel Wire Rod in Japan
- Imports of Free-Cutting Steel Wire Rod in Japan
Price for Free-Cutting Steel Wire Rod in Japan (FOB) - 2022
In 2022, the average free-cutting steel wire rod export price amounted to $1,182 per ton, growing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($1,551 per ton) and Malaysia ($1,398 per ton), while the average price for exports to South Korea ($1,130 per ton) and Taiwan (Chinese) ($1,216 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Free-Cutting Steel Wire Rod in Japan (CIF) - 2022
Japan has no trade partners to describe.
Exports of Free-Cutting Steel Wire Rod in Japan
In 2022, the amount of wire rod of free-cutting steel exported from Japan shrank notably to 58K tons, waning by -22.5% compared with 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of 75K tons, and then fell significantly in the following year.
In value terms, free-cutting steel wire rod exports declined to $68M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 65% against the previous year. As a result, the exports reached the peak of $74M, and then fell in the following year.
| Export of Free-Cutting Steel Wire Rod in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 28.0 | 23.9 | 39.3 | 38.7 | 11.4% |
| Taiwan (Chinese) | 15.8 | 13.3 | 23.2 | 18.1 | 4.6% |
| Thailand | 3.5 | 2.1 | 3.1 | 2.7 | -8.3% |
| United States | 0.1 | 1.6 | 2.4 | 2.5 | 192.4% |
| China | 1.3 | 0.9 | 2.3 | 2.4 | 22.7% |
| Malaysia | 1.3 | 1.1 | 1.5 | 2.2 | 19.2% |
| Others | 2.5 | 1.9 | 1.7 | 1.6 | -13.8% |
| Total | 52.4 | 44.7 | 73.6 | 68.3 | 9.2% |
Top Export Markets for Free-Cutting Steel Wire Rod from Japan in 2022:
- South Korea (34.2K tons)
- Taiwan (Chinese) (14.9K tons)
- Thailand (2.2K tons)
- United States (2.0K tons)
- Malaysia (1.6K tons)
- China (1.5K tons)
Imports of Free-Cutting Steel Wire Rod in Japan
In 2022, after two years of growth, there was decline in supplies from abroad of wire rod of free-cutting steel, when their volume decreased by -1.8% to 37 tons. The total import volume increased at an average annual rate of +16.1% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports attained the peak of 38 tons, and then reduced in the following year.
In value terms, free-cutting steel wire rod imports contracted markedly to $38K in 2022. In general, total imports indicated a strong expansion from 2020 to 2022: its value increased at an average annual rate of +15.7% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. As a result, imports reached the peak of $48K, and then fell rapidly in the following year.
| Import of Free-Cutting Steel Wire Rod in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Thailand | 10.1 | 0.7 | N/A | -93.1% | |
| Germany | 6.6 | 0.9 | N/A | -86.4% | |
| United Kingdom | 2.1 | 44.7 | N/A | 2028.6% | |
| United States | 3.4 | N/A | N/A | 0% | |
| Others | 6.6 | 1.9 | 38.5 | 141.5% | |
| Total | 28.7 | 48.2 | 38.5 | 15.8% | |
Top Suppliers of Free-Cutting Steel Wire Rod to Japan in 2022:
This report provides an in-depth analysis of the market for free-cutting steel wire rod 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.
Product coverage:
- Prodcom 24106120 - Wire rod of free-cutting steel
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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