Japan: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in Japan

The Japanese iron or steel towers market rose markedly to $X in 2023, surging by X% against the previous year. Overall, consumption saw buoyant growth. Over the period under review, the market attained the maximum level in 2023 and is likely to see steady growth in years to come.

Production of Iron Or Steel Towers And Lattice Masts in Japan

In value terms, iron or steel towers production expanded to $X in 2023 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Iron or steel towers production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Iron Or Steel Towers And Lattice Masts

Exports from Japan

In 2023, shipments abroad of iron or steel towers and lattice masts increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, iron or steel towers exports surged to $X in 2023. Overall, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for iron or steel towers exports from Japan, with a X% share of total exports. Moreover, iron or steel towers exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, South Korea (X tons), threefold.

From 2012 to 2023, the average annual growth rate of volume to Taiwan (Chinese) amounted to X%.

In value terms, the largest markets for iron or steel towers exported from Japan were Taiwan (Chinese) ($X) and South Korea ($X).

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2023, the average iron or steel towers export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, posted a prominent increase. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Towers And Lattice Masts

Imports into Japan

In 2023, approx. X tons of iron or steel towers and lattice masts were imported into Japan; increasing by X% on the previous year's figure. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2023 and are likely to see gradual growth in the immediate term.

In value terms, iron or steel towers imports surged to $X in 2023. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the near future.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of iron or steel towers to Japan, accounting for a X% share of total imports. Moreover, iron or steel towers imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of iron or steel towers and lattice masts to Japan, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

The average iron or steel towers import price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform