Japan: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Japan

The Japanese metal screw hook market contracted significantly to $X in 2022, waning by -27.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt shrinkage. Metal screw hook consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Metal Screw Hook Exports

Exports from Japan

In 2022, shipments abroad of iron or steel screw hooks and screw rings decreased by -43.3% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports recorded a dramatic descent. The pace of growth was the most pronounced in 2016 when exports increased by 54% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal screw hook exports contracted to $X in 2022. In general, exports faced a sharp shrinkage. The growth pace was the most rapid in 2016 when exports increased by 59%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for metal screw hook exports from Japan, with a 61% share of total exports. Moreover, metal screw hook exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X kg), threefold. Tajikistan (X kg) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-35.2% per year) and Tajikistan (0.0% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for iron or steel screw hooks and screw rings exports from Japan, comprising 60% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by Tajikistan, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Tajikistan (0.0% per year).

Export Prices by Country

The average metal screw hook export price stood at $X per ton in 2022, with an increase of 61% against the previous year. Over the period under review, the export price showed a tangible expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the average price for exports to the United States ($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 Myanmar (+23.6%), while the prices for the other major destinations experienced mixed trend patterns.

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Metal Screw Hook Imports

Imports into Japan

In 2022, the amount of iron or steel screw hooks and screw rings imported into Japan dropped markedly to X tons, which is down by -22.1% compared with the year before. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 27%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal screw hook imports fell rapidly to $X in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal screw hook to Japan, accounting for a 68% share of total imports. Moreover, metal screw hook imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.2% per year) and Taiwan (Chinese) (-10.7% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel screw hooks and screw rings to Japan, comprising 63% of total imports. The second position in the ranking was taken by South Korea ($X), with a 25% share of total imports. It was followed by Taiwan (Chinese), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.7% per year) and Taiwan (Chinese) (-11.4% per year).

Import Prices by Country

In 2022, the average metal screw hook import price amounted to $X per ton, which is down by -9.1% against the previous year. In general, the import price showed a perceptible decline. The growth pace was the most rapid in 2016 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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) (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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