Japan: Steel Railway Material Market 2024

Steel Railway Material Market Size in Japan

The Japanese steel railway material market expanded remarkably to $X in 2022, surging by X% against the previous year. Overall, consumption enjoyed buoyant growth. Steel railway material consumption peaked in 2022 and is expected to retain growth in the immediate term.

Steel Railway Material Production in Japan

In value terms, steel railway material production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Steel Railway Material Exports

Exports from Japan

Steel railway material exports from Japan shrank to X tons in 2022, waning by X% against 2021. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, steel railway material exports reached $X in 2022. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of X%. 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), Brazil (X tons) and Canada (X tons) were the main destinations of steel railway material exports from Japan, together accounting for X% of total exports. Australia, Mexico, India, Taiwan (Chinese) and Tanzania lagged somewhat behind, together accounting for 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 India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel railway material exported from Japan were the United States ($X), Brazil ($X) and Canada ($X), together accounting for X% of total exports. Australia, Mexico, India, Taiwan (Chinese) and Tanzania lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steel railway material export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, saw a perceptible contraction. Over the period under review, the average export prices hit record highs 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 Brazil ($X per ton), while the average price for exports to Mexico ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Railway Material Imports

Imports into Japan

In 2022, approx. X tons of railway or tramway track construction material of iron or steel were imported into Japan; dropping by X% compared with the previous year's figure. In general, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, steel railway material imports declined to $X in 2022. Overall, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and the UK (X tons) were the main suppliers of steel railway material imports to Japan, with a combined X% share of total imports. Australia, Luxembourg, Taiwan (Chinese) and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the UK ($X) and South Korea ($X) were the largest steel railway material suppliers to Japan, together comprising X% of total imports. Australia, Luxembourg, Taiwan (Chinese) and France lagged somewhat behind, together comprising a further X%.

Australia, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average steel railway material import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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