Price for Steel, Stainless; Ingots and Other Primary Forms in Japan - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Japan (CIF) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Japan (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Japan
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Japan
Price for Steel, Stainless; Ingots and Other Primary Forms in Japan (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $7,034 per ton, with an increase of 37% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, stainless; ingots and other primary formses increased by +146.0% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($14,204 per ton), while the price for Sweden amounted to $4,980 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Ingots and Other Primary Forms in Japan (FOB) - 2022
The average export price for steel, stainless; ingots and other primary formses stood at $7,291 per ton in 2022, dropping by -5.7% against the previous year. Overall, the export price showed a slight downturn. The growth pace was the most rapid in 2015 an increase of 177%. As a result, the export price reached the peak level of $9,191 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
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 Vietnam ($11,082 per ton), while the average price for exports to the Philippines ($3,557 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 Thailand (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Japan
In 2022, imports of steel, stainless; ingots and other primary formses into Japan fell notably to 446 tons, with a decrease of -17% compared with the previous year's figure. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year.
In value terms, imports of steel, stainless; ingots and other primary formses totaled $3.1M in 2022. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 26%.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 2.1 | 0.8 | 1.5 | 1.7 | -6.8% |
| United States | 1.4 | 1.3 | 1.2 | 1.3 | -2.4% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 3.7 | 2.2 | 2.8 | 3.1 | -5.7% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Japan in 2022:
- Sweden (346.8 tons)
- United States (94.8 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Japan
In 2022, approx. 12 tons of steel, stainless; ingots and other primary formses were exported from Japan; dropping by -75.1% on 2021 figures. Over the period under review, exports showed a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 58% against the previous year.
In value terms, exports of steel, stainless; ingots and other primary formses fell remarkably to $87K in 2022. Overall, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 36%. As a result, the exports reached the peak of $368K, and then dropped dramatically in the following year.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 40.3 | 8.9 | 59.3 | 60.9 | 14.8% |
| Philippines | 29.2 | N/A | 65.9 | 19.9 | -12.0% |
| South Korea | 47.2 | 98.3 | 2.2 | 2.3 | -63.5% |
| Taiwan (Chinese) | 8.5 | 23.0 | 68.6 | 1.8 | -40.4% |
| Hong Kong SAR | N/A | 3.4 | 5.7 | 1.7 | -29.3% |
| Thailand | 69.0 | 7.7 | 5.4 | N/A | -72.0% |
| China | 106 | 60.2 | 50.8 | N/A | -30.8% |
| United Arab Emirates | N/A | 20.1 | 22.5 | N/A | 11.9% |
| Others | N/A | 49.7 | 87.6 | N/A | 76.3% |
| Total | 301 | 271 | 368 | 86.6 | -34.0% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Japan in 2022:
- Philippines (5.6 tons)
- Vietnam (5.5 tons)
- Taiwan (Chinese) (0.3 tons)
- South Korea (0.3 tons)
- Hong Kong SAR (0.2 tons)
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