Japan - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinding Wire Price in Japan - 2023
Contents:
- Winding Wire Price in Japan (CIF) - 2023
- Winding Wire Price in Japan (FOB) - 2023
- Winding Wire Imports in Japan
- Winding Wire Exports in Japan
Winding Wire Price in Japan (CIF) - 2023
In September 2023, the average winding wire import price amounted to $11,053 per ton, picking up by 1.5% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 6.2% m-o-m. The import price peaked at $11,399 per ton in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were China ($11,489 per ton) and Taiwan (Chinese) ($11,005 per ton), while the price for South Korea ($9,458 per ton) and Malaysia ($9,715 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Winding Wire Price in Japan (FOB) - 2023
In September 2023, the average winding wire export price amounted to $19,765 per ton, increasing by 4.4% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 7.2% against the previous month. The export price peaked at $21,566 per ton in February 2023; however, from March 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Hong Kong SAR ($27,074 per ton), while the average price for exports to the Philippines ($14,308 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Winding Wire Imports in Japan
Winding wire imports into Japan rose rapidly to 50K tons in 2022, increasing by 12% on 2021. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.7% 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 +71.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, winding wire imports soared to $580M in 2022. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 93% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Winding Wire in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 44.1 | 60.6 | 157 | 198 | 65.0% |
| China | 55.4 | 60.5 | 112 | 170 | 45.3% |
| Malaysia | 57.1 | 52.9 | 98.1 | 102 | 21.3% |
| South Korea | 46.9 | 51.7 | 76.2 | 67.9 | 13.1% |
| Indonesia | 13.2 | 8.0 | 15.2 | 14.9 | 4.1% |
| Taiwan (Chinese) | 8.6 | 7.7 | 11.6 | 11.8 | 11.1% |
| Others | 7.1 | 6.9 | 8.5 | 15.7 | 30.3% |
| Total | 232 | 248 | 479 | 580 | 35.7% |
Top Suppliers of Winding Wire to Japan in 2022:
- Thailand (16.3K tons)
- China (14.0K tons)
- Malaysia (9.7K tons)
- South Korea (6.9K tons)
- Indonesia (1.4K tons)
- Taiwan (Chinese) (1.0K tons)
Winding Wire Exports in Japan
In 2022, the amount of winding wire for electrical purposes exported from Japan declined to 7.3K tons, with a decrease of -11.2% on 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. As a result, the exports attained the peak of 8.3K tons, and then reduced in the following year.
In value terms, winding wire exports dropped rapidly to $144M in 2022. The total export value increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of $174M, and then fell markedly in the following year.
| Export of Winding Wire in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.0 | 51.9 | 62.2 | 53.6 | 1.7% |
| Vietnam | 20.3 | 17.6 | 21.8 | 24.5 | 6.5% |
| Hong Kong SAR | 16.8 | 16.1 | 23.3 | 15.1 | -3.5% |
| Thailand | 14.9 | 13.4 | 17.1 | 13.9 | -2.3% |
| Philippines | 13.0 | 12.4 | 14.9 | 10.4 | -7.2% |
| Spain | N/A | 0.6 | 4.3 | 6.6 | 231.7% |
| Germany | 2.1 | 3.6 | 6.0 | 3.1 | 13.9% |
| United States | 3.3 | 2.5 | 3.9 | 2.5 | -8.8% |
| Others | 17.3 | 22.1 | 20.0 | 14.5 | -5.7% |
| Total | 139 | 140 | 174 | 144 | 1.2% |
Top Export Markets for Winding Wire from Japan in 2022:
- China (2547.0 tons)
- Vietnam (1422.5 tons)
- Thailand (749.2 tons)
- Philippines (638.2 tons)
- Hong Kong SAR (596.6 tons)
- Spain (558.2 tons)
- Germany (164.2 tons)
- United States (128.7 tons)
This report provides an in-depth analysis of the winding 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 27321100 - Winding wire for electrical purposes
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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