Japan: Office Metal Staple Market 2024

Office Metal Staple Market Size in Japan

The Japanese office metal staple market amounted to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, saw a noticeable decrease. Office metal staple consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Office Metal Staple Production in Japan

In value terms, office metal staple production rose slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27% against the previous year. Office metal staple production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Office Metal Staple Exports

Exports from Japan

In 2022, approx. X tons of base metal staples in strips for use in offices were exported from Japan; with an increase of 24% compared with the previous year's figure. Over the period under review, exports, however, showed a pronounced contraction. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, office metal staple exports soared to $X in 2022. Overall, exports, however, saw a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Indonesia (X tons) were the main destinations of office metal staple exports from Japan, with a combined 56% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +31.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for base metal staples in strips for use in offices exports from Japan, comprising 42% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 20% share of total exports. It was followed by the Czech Republic, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-6.3% per year) and the Czech Republic (-5.6% per year).

Export Prices by Country

In 2022, the average office metal staple export price amounted to $X per ton, waning by -3.3% against the previous year. Overall, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 11%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Indonesia ($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 Hong Kong SAR (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Office Metal Staple Imports

Imports into Japan

In 2022, office metal staple imports into Japan reduced to X tons, dropping by -8.1% compared with the year before. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.2% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 39%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, office metal staple imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period 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 2013 when imports increased by 26%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main suppliers of office metal staple imports to Japan, together comprising 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +6.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest office metal staple suppliers to Japan were China ($X), Taiwan (Chinese) ($X) and Vietnam ($X), with a combined 71% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +5.6%, saw 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 office metal staple import price stood at $X per ton in 2022, increasing by 2.8% against the previous year. In general, the import price, however, showed a slight reduction. The pace of growth was the most pronounced in 2018 an increase of 17% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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