Japan: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Japan

In 2023, the Japanese ferro-alloys market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Ferro-Alloys Production in Japan

In value terms, ferro-alloys production expanded slightly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Ferro-Alloys Exports

Exports from Japan

For the fourth consecutive year, Japan recorded decline in shipments abroad of ferro-alloys, which decreased by X% to X tons in 2023. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, ferro-alloys exports fell significantly to $X in 2023. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main destinations of ferro-alloys exports from Japan, with a combined X% share of total exports. Thailand, Italy, the United States, Indonesia and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for ferro-alloys exported from Japan were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for X% of total exports. The United States, Thailand, India, Indonesia and Italy lagged somewhat behind, together comprising a further X%.

Italy, 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, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2023, the average ferro-alloys export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a mild curtailment. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 mixed trend patterns.

Ferro-Alloys Imports

Imports into Japan

In 2023, purchases abroad of ferro-alloys decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-alloys imports reduced sharply to $X in 2023. In general, imports showed a mild descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then dropped markedly in the following year.

Imports by Country

Kazakhstan (X tons), South Africa (X tons) and Malaysia (X tons) were the main suppliers of ferro-alloys imports to Japan, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Kazakhstan ($X), Brazil ($X) and China ($X) were the largest ferro-alloys suppliers to Japan, together comprising X% of total imports. South Africa, Malaysia, Russia, India, Vietnam, South Korea and Australia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average ferro-alloys import price amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2022, and then dropped remarkably in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform