Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Japan - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Japan (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Japan (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Japan
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Japan
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Japan (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,237 per ton in November 2023, picking up by 4.7% against the previous month. Over the period under review, the import price, however, recorded a mild contraction. Over the period under review, average import prices attained the peak figure at $1,353 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was South Korea ($1,274 per ton), while the price for Vietnam ($1,120 per ton) was amongst the lowest.
From February 2023 to November 2023, the most notable rate of growth in terms of prices was attained by China (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Japan (FOB) - 2024
In November 2023, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $2,806 per ton, shrinking by -10.8% against the previous month. Overall, the export price showed a mild slump. The growth pace was the most rapid in March 2023 an increase of 31% against the previous month. As a result, the export price reached the peak level of $4,234 per ton. From April 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($17,570 per ton), while the average price for exports to Thailand ($1,346 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 China (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Japan
In 2022, approx. 57K tons of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were imported into Japan; reducing by -2.2% on 2021. Overall, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 21%.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses rose slightly to $82M in 2022. Over the period under review, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 48.4 | 31.6 | 40.5 | 46.1 | -1.6% |
| Vietnam | 7.6 | 9.2 | 17.4 | 21.4 | 41.2% |
| China | 17.4 | 10.6 | 19.1 | 13.5 | -8.1% |
| Others | 1.8 | 1.4 | 1.8 | 1.3 | -10.3% |
| Total | 75.1 | 52.8 | 78.9 | 82.2 | 3.1% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Japan in 2022:
- South Korea (31.8K tons)
- Vietnam (16.3K tons)
- China (8.9K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Japan
In 2022, the amount of iron or non-alloy steel wire, plated or coated with non-zinc base metalses exported from Japan reduced to 7.8K tons, which is down by -7.9% against 2021 figures. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.0% 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 +56.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of 8.4K tons, and then shrank in the following year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses declined to $26M in 2022. The total export value increased at an average annual rate of +5.8% over the period 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 with an increase of 33%. As a result, the exports reached the peak of $27M, and then declined slightly in the following year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.8 | 2.4 | 7.4 | 6.5 | 53.4% |
| Taiwan (Chinese) | 4.8 | 5.2 | 5.5 | 5.3 | 3.4% |
| China | 4.5 | 3.9 | 4.2 | 5.3 | 5.6% |
| United States | 3.2 | 2.4 | 2.8 | 2.9 | -3.2% |
| Vietnam | 2.3 | 2.3 | 2.7 | 1.9 | -6.2% |
| Malaysia | 1.3 | 1.0 | 1.2 | 0.8 | -14.9% |
| Philippines | 0.6 | 0.4 | 0.7 | 0.6 | 0.0% |
| Slovakia | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 3.4 | 2.6 | 2.6 | 2.3 | -12.2% |
| Total | 21.9 | 20.3 | 27.0 | 25.9 | 5.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Japan in 2022:
- Thailand (3995.3 tons)
- Taiwan (Chinese) (1175.7 tons)
- China (1141.2 tons)
- United States (446.3 tons)
- Vietnam (345.8 tons)
- Slovakia (133.9 tons)
- Philippines (118.2 tons)
- Malaysia (90.3 tons)
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Japan.
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This report provides an in-depth analysis of the market for iron and steel wire in Japan.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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