Japan: Cored Arc-Welding Wire Market 2024

Cored Arc-Welding Wire Market Size in Japan

In 2022, the Japanese cored arc-welding wire market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a perceptible slump. Cored arc-welding wire consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cored Arc-Welding Wire Production in Japan

In value terms, cored arc-welding wire production declined to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Cored arc-welding wire production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cored Arc-Welding Wire Exports

Exports from Japan

In 2022, approx. X tons of cored arc-welding wire were exported from Japan; with an increase of X% compared with 2021. Over the period under review, exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cored arc-welding wire exports expanded markedly to $X in 2022. Overall, exports, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons), the United States (X tons) and China (X tons) were the main destinations of cored arc-welding wire exports from Japan, with a combined X% share of total exports. The Philippines, Thailand, Russia, Taiwan (Chinese), Singapore and New Zealand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Norway ($X) appeared to be the largest markets for cored arc-welding wire exported from Japan worldwide, with a combined X% share of total exports. The Philippines, Taiwan (Chinese), Thailand, Russia, Singapore and New Zealand lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cored arc-welding wire export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the Philippines ($X 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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cored Arc-Welding Wire Imports

Imports into Japan

After two years of decline, overseas purchases of cored arc-welding wire increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 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 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, cored arc-welding wire imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X tons), Vietnam (X tons) and China (X tons) were the main suppliers of cored arc-welding wire imports to Japan, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X), Vietnam ($X) and China ($X) appeared to be the largest cored arc-welding wire suppliers to Japan, together accounting for X% of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cored arc-welding wire import price amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Vietnam ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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