Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Japan - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Japan (FOB) - 2023
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Japan (CIF) - 2023
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Japan
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Japan
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Japan (FOB) - 2023
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $30,242 per ton in November 2023, picking up by 13% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 24% against the previous month. The export price peaked at $31,551 per ton in August 2023; however, from September 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($40,480 per ton), while the average price for exports to South Korea ($4,705 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Japan (CIF) - 2023
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $3,692 per ton in November 2023, increasing by 7.3% against the previous month. Overall, import price indicated a slight increase from November 2022 to November 2023: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for iron or steel; non-threaded cotters and cotter-pinses decreased by -34.8% against September 2023 indices. The growth pace was the most rapid in April 2023 when the average import price increased by 75% m-o-m. As a result, import price attained the peak level of $6,349 per ton. From May 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($21,569 per ton), while the price for China ($2,290 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Japan
Exports of iron or steel; non-threaded cotters and cotter-pinses from Japan declined rapidly to 1.1K tons in 2022, which is down by -26% compared with 2021. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of 1.5K tons, and then fell notably in the following year.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses shrank sharply to $30M in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. As a result, the exports reached the peak of $43M, and then declined rapidly in the following year.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.0 | 16.3 | 18.1 | 12.5 | -7.9% |
| United States | 11.2 | 9.5 | 11.4 | 7.1 | -14.1% |
| Indonesia | 3.3 | 2.2 | 3.5 | 2.9 | -4.2% |
| Thailand | 1.5 | 1.0 | 2.1 | 1.7 | 4.3% |
| Mexico | 0.8 | 0.9 | 1.4 | 1.2 | 14.5% |
| India | 0.1 | 0.3 | 0.4 | 0.6 | 81.7% |
| South Korea | 0.9 | 1.0 | 1.3 | 0.4 | -23.7% |
| Others | 3.3 | 2.7 | 4.4 | 3.9 | 5.7% |
| Total | 37.1 | 34.0 | 42.6 | 30.4 | -6.4% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Japan in 2022:
- United States (323.5 tons)
- China (255.9 tons)
- Indonesia (146.2 tons)
- Thailand (117.0 tons)
- South Korea (61.8 tons)
- Mexico (40.5 tons)
- India (19.1 tons)
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Japan
In 2022, the amount of iron or steel; non-threaded cotters and cotter-pinses imported into Japan declined dramatically to 430 tons, waning by -25.8% against 2021 figures. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses dropped sharply to $12M in 2022. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.7 | 6.2 | 7.3 | 6.4 | -6.0% |
| Vietnam | 3.8 | 3.9 | 4.2 | 2.8 | -9.7% |
| United States | 2.0 | 1.3 | 1.3 | 1.3 | -13.4% |
| South Korea | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Taiwan (Chinese) | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| United Kingdom | 0.7 | 0.3 | 0.2 | 0.2 | -34.1% |
| Thailand | 0.9 | 0.8 | 0.6 | 0.1 | -51.9% |
| Others | 0.6 | 0.5 | 0.8 | 0.8 | 10.1% |
| Total | 16.4 | 13.5 | 14.9 | 12.2 | -9.4% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Japan in 2022:
- China (165.8 tons)
- Vietnam (138.6 tons)
- South Korea (53.2 tons)
- Taiwan (Chinese) (37.1 tons)
- United Kingdom (9.3 tons)
- United States (7.9 tons)
- Thailand (3.1 tons)
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