Japan - Hot-Rolled Round Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Round Stainless Steel in Japan - 2023
Contents:
- Price for Hot-Rolled Round Stainless Steel in Japan (FOB) - 2023
- Price for Hot-Rolled Round Stainless Steel in Japan (CIF) - 2023
- Exports of Hot-Rolled Round Stainless Steel in Japan
- Imports of Hot-Rolled Round Stainless Steel in Japan
Price for Hot-Rolled Round Stainless Steel in Japan (FOB) - 2023
The average hot-rolled round stainless steel export price stood at $7,346 per ton in July 2023, picking up by 4.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in October 2022 an increase of 19% against the previous month. The export price peaked at $8,191 per ton in January 2023; however, from February 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was China ($9,102 per ton), while the average price for exports to India ($1,726 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hot-Rolled Round Stainless Steel in Japan (CIF) - 2023
In July 2023, the average hot-rolled round stainless steel import price amounted to $5,589 per ton, waning by -1.7% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in February 2023 an increase of 22% month-to-month. The import price peaked at $6,748 per ton in March 2023; however, from April 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($22,766 per ton), while the price for South Korea ($3,919 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hot-Rolled Round Stainless Steel in Japan
In 2022, the amount of hot-rolled round bars of stainless steel exported from Japan expanded remarkably to 10K tons, surging by 14% on the year before. The total export volume increased at an average annual rate of +2.1% from 2019 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 exports increased by 32%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, hot-rolled round stainless steel exports skyrocketed to $62M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.9% 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 +75.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Hot-Rolled Round Stainless Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.8 | 13.3 | 14.4 | 19.0 | 4.2% |
| South Korea | 6.5 | 7.4 | 12.0 | 15.2 | 32.7% |
| Vietnam | 3.6 | 4.1 | 7.2 | 11.8 | 48.5% |
| Thailand | 7.4 | 4.1 | 5.5 | 5.7 | -8.3% |
| Philippines | 2.2 | 1.8 | 2.7 | 1.9 | -4.8% |
| United States | 0.3 | 0.1 | 0.6 | 1.9 | 85.0% |
| Mexico | 1.2 | 0.5 | 1.1 | 1.4 | 5.3% |
| Indonesia | 2.1 | 1.0 | 1.0 | 1.3 | -14.8% |
| Taiwan (Chinese) | 1.2 | 0.8 | 1.3 | 1.1 | -2.9% |
| India | 0.9 | 0.4 | 1.1 | 1.1 | 6.9% |
| Singapore | 3.3 | 0.6 | 0.2 | 0.5 | -46.7% |
| Pakistan | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| Others | 0.9 | 1.2 | 1.4 | 0.9 | 0.0% |
| Total | 46.6 | 35.4 | 48.6 | 62.0 | 10.0% |
Top Export Markets for Hot-Rolled Round Stainless Steel from Japan in 2022:
- China (3023.1 tons)
- South Korea (1869.4 tons)
- Vietnam (1549.8 tons)
- Thailand (1370.5 tons)
- India (420.8 tons)
- Philippines (389.4 tons)
- United States (378.2 tons)
- Indonesia (281.9 tons)
- Mexico (277.6 tons)
- Taiwan (Chinese) (225.4 tons)
- Pakistan (158.2 tons)
- Singapore (57.8 tons)
Imports of Hot-Rolled Round Stainless Steel in Japan
In 2022, hot-rolled round stainless steel imports into Japan shrank to 6.1K tons, falling by -2.4% against the previous year's figure. Over the period under review, imports faced a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 5.2%.
In value terms, hot-rolled round stainless steel imports totaled $30M in 2022. Overall, imports recorded a abrupt decrease.
| Import of Hot-Rolled Round Stainless Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 15.2 | 9.7 | 12.4 | 13.5 | -3.9% |
| Taiwan (Chinese) | 10.0 | 8.0 | 7.0 | 8.4 | -5.6% |
| United States | 3.3 | 1.9 | 1.4 | 2.5 | -8.8% |
| Italy | 2.4 | 0.8 | 0.9 | 0.9 | -27.9% |
| Sweden | 1.2 | 0.8 | 0.3 | 0.8 | -12.6% |
| Spain | 1.4 | 0.8 | 0.6 | 0.7 | -20.6% |
| Austria | 2.8 | 1.4 | 0.6 | 0.6 | -40.2% |
| France | 1.9 | 1.2 | 1.2 | 0.3 | -46.0% |
| Others | 3.0 | 2.7 | 2.4 | 1.8 | -15.7% |
| Total | 41.3 | 27.2 | 26.8 | 29.5 | -10.6% |
Top Suppliers of Hot-Rolled Round Stainless Steel to Japan in 2022:
- South Korea (3669.7 tons)
- Taiwan (Chinese) (1577.3 tons)
- Spain (206.2 tons)
- Sweden (117.6 tons)
- Italy (113.4 tons)
- United States (99.9 tons)
- Austria (90.6 tons)
- France (30.5 tons)
This report provides an in-depth analysis of the market for hot-rolled round stainless steel 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 24106410 - Hot-rolled round bars, of stainless 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
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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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