Japan: Market for Hot-Rolled Bars Of High Speed Steel 2022

Market Size for Hot-Rolled Bars Of High Speed Steel in Japan

After two years of growth, the Japanese market for hot-rolled bars of high speed steel decreased by -X% to $X in 2021. Overall, the total consumption indicated a buoyant expansion 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. Hot-rolled high speed steel bar consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Hot-Rolled Bars Of High Speed Steel in Japan

In value terms, hot-rolled high speed steel bar production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Japan

In 2021, overseas shipments of hot-rolled bars of high speed steel increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled high speed steel bar exports surged to $X in 2021. Over the period under review, exports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and China (X tons) were the main destinations of hot-rolled high speed steel bar exports from Japan, with a combined X% share of total exports. These countries were followed by the United States, Thailand, Singapore and India, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +X%), while the other leaders experienced a decline.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) constituted the largest markets for hot-rolled high speed steel bar exported from Japan worldwide, with a combined X% share of total exports. Thailand, the United States, Singapore and India lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for hot-rolled bars of high speed steel amounted to $X per ton, declining by -X% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2021: its price 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. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

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

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Japan

In 2021, supplies from abroad of hot-rolled bars of high speed steel decreased by -X% to X tons, falling for the second consecutive year after three years of growth. In general, imports saw a abrupt decline. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hot-rolled high speed steel bar imports reduced slightly to $X in 2021. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of hot-rolled high speed steel bar to Japan, accounting for a X% share of total imports. Moreover, hot-rolled high speed steel bar imports from Sweden exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Austria (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Austria (-X% per year).

In value terms, Sweden ($X) constituted the largest supplier of hot-rolled high speed steel bar to Japan, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Austria (-X% per year).

Import Prices by Country

In 2021, the average import price for hot-rolled bars of high speed steel amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price 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, hot-rolled high speed steel bar import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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