Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Japan - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Japan (FOB) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Japan (CIF) - 2023
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Japan
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Japan
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Japan (FOB) - 2022
The average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $17,185 per ton in 2022, dropping by -38% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -45.0% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 70% against the previous year. The export price peaked at $31,220 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($31,455 per ton), while the average price for exports to Italy ($3,423 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 South Korea (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Japan (CIF) - 2023
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $2,188 per ton in November 2023, reducing by -81.1% against the previous month. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in October 2023 an increase of 189% month-to-month. The import price peaked at $17,281 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($5,796 per ton), while the price for South Korea totaled $1,576 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Sweden (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Japan
In 2022, approx. 847 tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were exported from Japan; with an increase of 554% on the year before. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $15M in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.7 | 4.1 | 3.1 | 12.2 | 65.3% |
| Argentina | N/A | N/A | N/A | 0.9 | 0% |
| Italy | N/A | N/A | N/A | 0.6 | 0% |
| Indonesia | 0.2 | N/A | 0.1 | 0.5 | 35.7% |
| China | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 0.5 | 0.5 | 0.4 | 0.4 | -7.2% |
| Total | 3.5 | 4.7 | 3.6 | 14.6 | 61.0% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Japan in 2022:
- Vietnam (456.3 tons)
- Argentina (199.1 tons)
- Italy (163.1 tons)
- Indonesia (21.4 tons)
- China (2.1 tons)
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Japan
After two years of decline, purchases abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia increased by 41% to 830 tons in 2022. Overall, imports, however, saw a abrupt slump.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia soared to $5M in 2022. Over the period under review, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.3 | 0.4 | 1.3 | 3.1 | 117.8% |
| South Korea | 1.6 | 1.2 | 0.8 | 1.1 | -11.7% |
| Sweden | 1.7 | 0.2 | 0.5 | 0.3 | -43.9% |
| Others | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
| Total | 3.8 | 2.1 | 2.7 | 5.0 | 9.6% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Japan in 2022:
- South Korea (428.9 tons)
- China (316.3 tons)
- Sweden (68.5 tons)
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