Price for Steel Alloy Wire of Silico-Manganese Steel in Japan - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Japan (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Japan (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Japan
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Japan
Price for Steel Alloy Wire of Silico-Manganese Steel in Japan (CIF) - 2024
In February 2024, the average import price for steel alloy wire of silico-manganese steels amounted to $1,383 per ton, waning by -3.6% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 an increase of 5.7% month-to-month. The import price peaked at $1,536 per ton in April 2023; however, from May 2023 to February 2024, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In February 2024, the countries with the highest prices were South Korea ($1,425 per ton) and Taiwan (Chinese) ($1,402 per ton), while the price for China ($1,159 per ton) and Vietnam ($1,375 per ton) were amongst the lowest.
From February 2023 to February 2024, 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 Steel Alloy Wire of Silico-Manganese Steel in Japan (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $3,651 per ton in 2022, reducing by -4.7% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 30%. The export price peaked at $9,761 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($7,811 per ton), while the average price for exports to Thailand ($2,197 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 Saudi Arabia (+6.3%), while the prices for the other major destinations experienced a decline.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Japan
In 2022, imports of steel alloy wire of silico-manganese steels into Japan shrank to 33K tons, falling by -5.7% against the previous year. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 28%.
In value terms, imports of steel alloy wire of silico-manganese steels declined to $46M in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, imports attained the peak of $49M, and then declined in the following year.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 29.2 | 23.6 | 30.6 | 25.8 | -4.0% |
| Taiwan (Chinese) | 6.8 | 6.0 | 9.7 | 9.4 | 11.4% |
| Vietnam | 5.7 | 4.4 | 5.3 | 6.7 | 5.5% |
| China | 3.7 | 2.4 | 2.9 | 2.9 | -7.8% |
| Others | 0.2 | 0.2 | 0.3 | 0.6 | 44.2% |
| Total | 45.6 | 36.6 | 48.8 | 45.5 | -0.1% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Japan in 2022:
- South Korea (18.2K tons)
- Taiwan (Chinese) (7.0K tons)
- Vietnam (4.8K tons)
- China (2.2K tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Japan
After three years of growth, overseas shipments of steel alloy wire of silico-manganese steels decreased by -13.3% to 1.3K tons in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.0% 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 +44.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. As a result, the exports attained the peak of 1.5K tons, and then contracted in the following year.
In value terms, exports of steel alloy wire of silico-manganese steels fell markedly to $4.7M in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,381 | 2,648 | 1,964 | 1,893 | 11.1% |
| United States | 285 | 925 | 1,993 | 1,396 | 69.8% |
| Indonesia | 126 | 72.1 | 901 | 1,037 | 101.9% |
| India | 92.5 | 105 | 539 | 125 | 10.6% |
| Thailand | 115 | 87.6 | 147 | 110 | -1.5% |
| Mexico | 466 | 18.5 | 45.5 | 6.5 | -75.9% |
| Others | 69.7 | 27.5 | 41.0 | 84.1 | 6.5% |
| Total | 2,536 | 3,884 | 5,630 | 4,651 | 22.4% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Japan in 2022:
- China (650.7 tons)
- United States (404.7 tons)
- Indonesia (132.7 tons)
- Thailand (50.3 tons)
- India (13.0 tons)
- Mexico (1.9 tons)
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