Japan: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2022

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in Japan

In 2021, the Japanese market for aluminium alloy plates, sheets and strip of thickness over X mm was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm in Japan

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Japan

In 2021, after three years of decline, there was significant growth in shipments abroad of aluminium alloy plates, sheets and strip of thickness over X mm, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm surged to $X in 2021. Overall, exports, however, saw a mild decrease. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for exports of aluminium alloy plates, sheets and strip of thickness over X mm from Japan, accounting for a X% share of total exports. Moreover, exports of aluminium alloy plates, sheets and strip of thickness over X mm to China exceeded the volume sent to the second major destination, the United States (X tons), twofold. Malaysia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Malaysia (-X% per year).

In value terms, China ($X), the United States ($X) and Malaysia ($X) appeared to be the largest markets for aluminium alloy plate, sheet and strip of thickness over X mm exported from Japan worldwide, together comprising X% of total exports.

The United States, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the export price, however, recorded a mild slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and Malaysia ($X per ton), while the average price for exports to China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Japan

Imports of aluminium alloy plates, sheets and strip of thickness over X mm into Japan expanded sharply to X tons in 2021, picking up by X% on 2020. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm rose markedly to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of imports of aluminium alloy plates, sheets and strip of thickness over X mm to Japan, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy plate, sheet and strip of thickness over X mm suppliers to Japan were China ($X), South Korea ($X) and Thailand ($X), together comprising X% of total imports.

Among the main suppliers, Thailand, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price saw a pronounced descent. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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