Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Japan - 2023

Contents:

1. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Japan (CIF) - 2023
2. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Japan (FOB) - 2023
3. Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Japan
4. Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Japan

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Japan (CIF) - 2023

In July 2023, the average import price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $2,334 per ton, declining by -19.2% against the previous month. Overall, the import price recorded a deep slump. The growth pace was the most rapid in June 2023 when the average import price increased by 25% month-to-month. The import price peaked at $5,683 per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($24,164 per ton), while the price for India ($689 per ton) was amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Japan (FOB) - 2023

In July 2023, the average export price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $3,398 per ton, surging by 14% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was China ($5,586 per ton), while the average price for exports to Malaysia ($1,392 per ton) was amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Japan

In 2022, imports of granules and powders, of pig iron, spiegeleisen, iron or steels into Japan fell to 71K tons, which is down by -14.6% on the previous year's figure. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 31%.

In value terms, imports of granules and powders, of pig iron, spiegeleisen, iron or steels soared to $326M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 74% 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.

Top Suppliers of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel to Japan in 2022:

1. Sweden (29.9K tons)
2. China (16.0K tons)
3. South Korea (10.7K tons)
4. India (10.5K tons)
5. Germany (1.0K tons)
6. Taiwan (Chinese) (0.9K tons)

Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Japan

In 2022, approx. 70K tons of granules and powders, of pig iron, spiegeleisen, iron or steels were exported from Japan; shrinking by -15.5% compared with the year before. Overall, exports saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, the exports reached the peak of 83K tons, and then shrank remarkably in the following year.

In value terms, exports of granules and powders, of pig iron, spiegeleisen, iron or steels reduced to $247M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports attained the peak of $275M, and then contracted in the following year.

Top Export Markets for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel from Japan in 2022:

1. China (17.5K tons)
2. South Korea (13.7K tons)
3. Thailand (12.6K tons)
4. Indonesia (5.7K tons)
5. Taiwan (Chinese) (5.3K tons)
6. United States (3.8K tons)
7. Vietnam (3.2K tons)
8. Malaysia (2.3K tons)