Report Update: May 1, 2024

Japan - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights

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Stranded Wire Price in Japan - 2023

Stranded Wire Price in Japan (CIF) - 2023

The average stranded wire import price stood at $2,313 per ton in July 2023, leveling off at the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 5% m-o-m. Over the period under review, average import prices hit record highs at $2,526 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Thailand ($4,075 per ton), while the price for Malaysia ($997 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Stranded Wire Price in Japan (FOB) - 2022

In 2022, the average stranded wire export price amounted to $4,756 per ton, surging by 3% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 14%. Over the period under review, the average export prices reached the peak figure at $5,259 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 ($9,398 per ton), while the average price for exports to Australia ($2,941 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 (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports in Japan

In 2022, approx. 126K tons of stranded wire, ropes and cables were imported into Japan; increasing by 1.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, stranded wire imports rose slightly to $314M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Stranded Wire in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	118	99.9	155	164	11.6%
South Korea	54.9	46.4	46.7	43.8	-7.3%
Vietnam	18.8	16.6	28.0	33.9	21.7%
Indonesia	21.2	15.1	22.2	18.7	-4.1%
Thailand	5.7	6.8	14.4	18.4	47.8%
Taiwan (Chinese)	9.8	9.0	8.5	9.0	-2.8%
Malaysia	1.0	8.3	6.2	7.6	96.6%
Others	13.7	12.7	20.3	18.2	9.9%
Total	243	215	301	314	8.9%

Top Suppliers of Stranded Wire to Japan in 2022:

China (73.5K tons)
South Korea (19.2K tons)
Vietnam (10.2K tons)
Indonesia (8.9K tons)
Malaysia (5.6K tons)
Thailand (4.6K tons)
Taiwan (Chinese) (3.5K tons)

Stranded Wire Exports in Japan

In 2022, after three years of growth, there was significant decline in shipments abroad of stranded wire, ropes and cables, when their volume decreased by -22% to 35K tons. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, the exports attained the peak of 45K tons, and then plummeted in the following year.

In value terms, stranded wire exports shrank markedly to $167M in 2022. The total export value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, the exports reached the peak of $207M, and then declined markedly in the following year.

Export of Stranded Wire in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	28.0	26.8	33.6	30.0	2.3%
Taiwan (Chinese)	12.9	14.4	14.3	24.5	23.8%
Thailand	17.0	15.8	20.8	21.3	7.8%
United States	12.9	14.1	20.2	20.5	16.7%
Vietnam	10.7	10.9	13.6	12.2	4.5%
Hong Kong SAR	7.6	7.2	9.2	7.9	1.3%
Philippines	2.5	3.5	3.8	7.3	42.9%
Sri Lanka	2.8	5.6	5.7	4.8	19.7%
Singapore	5.9	4.0	4.1	3.6	-15.2%
Australia	3.3	2.1	2.4	2.3	-11.3%
Bangladesh	8.5	33.1	30.6	0.1	-77.3%
Others	37.1	27.4	49.2	32.2	-4.6%
Total	149	165	207	167	3.9%

Top Export Markets for Stranded Wire from Japan in 2022:

Bangladesh (undefinedK tons)
Thailand (6.3K tons)
United States (5.5K tons)
China (5.4K tons)
Taiwan (Chinese) (5.3K tons)
Hong Kong SAR (1.8K tons)
Philippines (1.7K tons)
Vietnam (1.5K tons)
Sri Lanka (1.2K tons)
Singapore (0.9K tons)
Australia (0.8K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stranded wire market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables

Country coverage:

Japan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Japan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023