Price for Steel, Alloy; Ingots and Other Primary Forms in Japan - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Japan (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Japan (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Japan
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Japan
Price for Steel, Alloy; Ingots and Other Primary Forms in Japan (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $33,032 per ton in 2022, surging by 51% against the previous year. Overall, the import price, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 an increase of 166% against the previous year. Over the period under review, average import prices reached the peak figure at $60,362 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($50,045 per ton), while the price for South Korea ($1,153 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Japan (FOB) - 2022
The average export price for steel, alloy; ingots and other primary formses stood at $5,592 per ton in 2022, rising by 111% against the previous year. In general, the export price recorded a remarkable increase. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($20,511 per ton), while the average price for exports to South Korea ($2,424 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+41.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Japan
In 2022, imports of steel, alloy; ingots and other primary formses into Japan reached 4.6K tons, increasing by 5.3% against the previous year's figure. In general, imports saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 168% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of steel, alloy; ingots and other primary formses soared to $151M in 2022. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 613%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.1 | 11.9 | 90.2 | 141 | 115.4% |
| Austria | 2.1 | N/A | 2.2 | 4.1 | 25.0% |
| India | 1.3 | 0.5 | 1.1 | 2.2 | 19.2% |
| Vietnam | N/A | N/A | N/A | 1.2 | 0% |
| Germany | 0.5 | 0.3 | 0.7 | 1.2 | 33.9% |
| South Korea | 0.4 | 0.4 | 0.6 | 0.7 | 20.5% |
| Others | 0.3 | 0.2 | 0.2 | 0.1 | -30.7% |
| Total | 18.8 | 13.3 | 95.0 | 151 | 100.3% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Japan in 2022:
- China (2825.3 tons)
- South Korea (641.6 tons)
- Germany (442.0 tons)
- India (315.9 tons)
- Austria (220.3 tons)
- Vietnam (104.2 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Japan
In 2022, shipments abroad of steel, alloy; ingots and other primary formses decreased by -22.6% to 592 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a precipitous descent. The pace of growth was the most pronounced in 2020 when exports increased by 0.4% against the previous year. As a result, the exports reached the peak of 7K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel, alloy; ingots and other primary formses skyrocketed to $3.3M in 2022. In general, exports recorded a dramatic contraction.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4,771 | 6,069 | 668 | 1,050 | -39.6% |
| Singapore | 992 | 673 | 66.1 | 491 | -20.9% |
| Philippines | N/A | N/A | 418 | 461 | 10.3% |
| Taiwan (Chinese) | 291 | 179 | 278 | 172 | -16.1% |
| Hong Kong SAR | N/A | 33.1 | N/A | 55.9 | 30.0% |
| Thailand | 482 | 188 | 149 | 49.3 | -53.2% |
| South Korea | 553 | 1,713 | 296 | 6.6 | -77.1% |
| Others | 274 | 209 | 147 | 1,023 | 55.1% |
| Total | 7,363 | 9,064 | 2,023 | 3,309 | -23.4% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Japan in 2022:
- China (338.6 tons)
- Philippines (142.9 tons)
- Taiwan (Chinese) (45.7 tons)
- Singapore (24.0 tons)
- Thailand (12.8 tons)
- Hong Kong SAR (9.5 tons)
- South Korea (2.7 tons)
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