Ferro-Alloys; Ferro-Nickel Price in Japan - 2023
Contents:
- Ferro-Alloys; Ferro-Nickel Price in Japan (FOB) - 2023
- Ferro-Alloys; Ferro-Nickel Price in Japan (CIF) - 2023
- Ferro-Alloys; Ferro-Nickel Exports in Japan
- Ferro-Alloys; Ferro-Nickel Imports in Japan
Ferro-Alloys; Ferro-Nickel Price in Japan (FOB) - 2023
In July 2023, the average ferro-alloys; ferro-nickel export price amounted to $2,371 per ton, declining by -2.7% against the previous month. Over the period under review, the export price continues to indicate a pronounced descent. The growth pace was the most rapid in June 2023 when the average export price increased by 7.5% month-to-month. The export price peaked at $4,028 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).
From July 2022 to July 2023, the rate of growth in terms of prices for South Korea amounted to +5.9% per month.
Ferro-Alloys; Ferro-Nickel Price in Japan (CIF) - 2023
The average ferro-alloys; ferro-nickel import price stood at $3,954 per ton in July 2023, shrinking by -36.4% against the previous month. Over the period under review, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 24% against the previous month. Over the period under review, average import prices hit record highs at $8,913 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Colombia ($5,319 per ton), while the price for New Caledonia ($3,717 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Brazil (-0.9%), while the prices for the other major suppliers experienced a decline.
Ferro-Alloys; Ferro-Nickel Exports in Japan
In 2022, exports of ferro-alloys; ferro-nickels from Japan shrank significantly to 66K tons, declining by -61.2% compared with the previous year's figure. Over the period under review, exports showed a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year.
In value terms, ferro-alloys; ferro-nickel exports shrank dramatically to $209M in 2022. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year.
| Export of Ferro-Alloys; Ferro-Nickel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 96.9 | 134 | 161 | 105 | 2.7% |
| Taiwan (Chinese) | 148 | 86.7 | 101 | 68.1 | -22.8% |
| South Korea | 52.7 | 36.1 | 17.3 | 28.6 | -18.4% |
| India | 51.8 | 18.3 | 32.9 | 7.6 | -47.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 350 | 276 | 313 | 209 | -15.8% |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from Japan in 2022:
- China (33.4K tons)
- Taiwan (Chinese) (20.5K tons)
- South Korea (9.8K tons)
- India (2.5K tons)
Ferro-Alloys; Ferro-Nickel Imports in Japan
In 2022, approx. 32K tons of ferro-alloys; ferro-nickels were imported into Japan; jumping by 20% compared with 2021 figures. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-nickel imports skyrocketed to $210M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Alloys; Ferro-Nickel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Caledonia | 67.7 | 63.2 | 58.8 | 154 | 31.5% |
| Colombia | 31.1 | 26.3 | 24.7 | 41.0 | 9.6% |
| Dominican Republic | N/A | 0.3 | 3.5 | 8.0 | 416.4% |
| Brazil | N/A | 0.8 | 7.8 | 7.0 | 195.8% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 99.0 | 90.5 | 94.8 | 210 | 28.5% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to Japan in 2022:
- New Caledonia (22.7K tons)
- Colombia (6.5K tons)
- Brazil (1.4K tons)
- Dominican Republic (1.0K tons)
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