
Japan - Sheet Piling of Steel - Market Analysis, Forecast, Size, Trends and Insights
Japan: Steel Sheet Piling Market 2023
Steel Sheet Piling Market Size in Japan
The Japanese steel sheet piling market soared to $X in 2022, rising by 35% against the previous year. In general, consumption recorded pronounced growth. Steel sheet piling consumption peaked in 2022 and is expected to retain growth in the immediate term.
Steel Sheet Piling Production in Japan
In value terms, steel sheet piling production shrank to $X in 2022 estimated in export price. Overall, production saw a pronounced decrease. The pace of growth appeared the most rapid in 2017 with an increase of 11%. Steel sheet piling production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Steel Sheet Piling Exports
Exports from Japan
Steel sheet piling exports from Japan dropped sharply to X tons in 2022, falling by -51.9% on 2021 figures. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by 72% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.
In value terms, steel sheet piling exports declined remarkably to $X in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 46% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.
Exports by Country
Taiwan (Chinese) (X tons) was the main destination for steel sheet piling exports from Japan, with a 64% share of total exports. Moreover, steel sheet piling exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the Philippines (X tons), fourfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 7.3% share.
From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+5.3% per year) and Hong Kong SAR (-20.7% per year).
In value terms, Taiwan (Chinese) ($X) remains the key foreign market for sheet piling of steel exports from Japan, comprising 61% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 21% share of total exports. It was followed by Hong Kong SAR, with a 7.1% share.
From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) stood at +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+8.9% per year) and Hong Kong SAR (-20.1% per year).
Export Prices by Country
In 2022, the average steel sheet piling export price amounted to $X per ton, increasing by 26% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 35% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to China ($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 Singapore (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Sheet Piling Imports
Imports into Japan
In 2022, purchases abroad of sheet piling of steel was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 82% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, steel sheet piling imports surged to $X in 2022. Overall, imports, however, recorded a abrupt shrinkage. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Imports by Country
In 2022, South Korea (X tons) was the main supplier of steel sheet piling to Japan, with a approx. 99.9% share of total imports.
From 2012 to 2022, the average annual growth rate of volume from South Korea stood at -7.2%.
In value terms, South Korea ($X) constituted the largest supplier of sheet piling of steel to Japan.
From 2012 to 2022, the average annual growth rate of value from South Korea totaled -5.6%.
Import Prices by Country
In 2022, the average steel sheet piling import price amounted to $X per ton, growing by 63% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +1.8% per year.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
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This report provides an in-depth analysis of the steel sheet piling market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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