Price for Brass Tubes and Pipes in Japan - 2023
Contents:
- Price for Brass Tubes and Pipes in Japan (CIF) - 2023
- Price for Brass Tubes and Pipes in Japan (FOB) - 2023
- Imports of Brass Tubes and Pipes in Japan
- Exports of Brass Tubes and Pipes in Japan
Price for Brass Tubes and Pipes in Japan (CIF) - 2023
In September 2023, the average brass tubes and pipes import price amounted to $8,862 per ton, declining by -4% against the previous month. Over the period under review, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in June 2023 an increase of 169% against the previous month. Over the period under review, average import prices reached the maximum at $25,690 per ton in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($11,711 per ton), while the price for China stood at $8,336 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.0%).
Price for Brass Tubes and Pipes in Japan (FOB) - 2023
In September 2023, the average brass tubes and pipes export price amounted to $22,061 per ton, surging by 8.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 74% against the previous month. The export price peaked at $33,039 per ton in January 2023; however, from February 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Thailand ($22,832 per ton), while the average price for exports to the Philippines ($11,043 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Brass Tubes and Pipes in Japan
In 2022, brass tubes and pipes imports into Japan contracted remarkably to 803 tons, waning by -16.8% compared with the previous year's figure. Overall, total imports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 72%. As a result, imports attained the peak of 966 tons, and then contracted remarkably in the following year.
In value terms, brass tubes and pipes imports reduced sharply to $8.1M in 2022. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 133%. As a result, imports attained the peak of $11M, and then shrank notably in the following year.
| Import of Brass Tubes and Pipes in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 3.2 | 8.8 | 6.3 | 11.9% |
| South Korea | 1.5 | 1.0 | 1.6 | 1.3 | -4.7% |
| Others | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
| Total | 6.3 | 4.6 | 10.8 | 8.1 | 8.7% |
Top Suppliers of Brass Tubes and Pipes to Japan in 2022:
- China (684.3 tons)
- South Korea (108.0 tons)
Exports of Brass Tubes and Pipes in Japan
In 2022, approx. 400 tons of tubes and pipes of copper-zinc base alloys (brass) were exported from Japan; picking up by 3.5% compared with the previous year's figure. Overall, exports, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 6.2% against the previous year.
In value terms, brass tubes and pipes exports contracted to $8M in 2022. Over the period under review, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year.
| Export of Brass Tubes and Pipes in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,666 | 2,561 | 2,973 | 2,511 | -2.0% |
| United States | 5,231 | 1,654 | 3,145 | 2,157 | -25.6% |
| Taiwan (Chinese) | 447 | 658 | 582 | 1,028 | 32.0% |
| Thailand | 489 | 422 | 697 | 684 | 11.8% |
| Indonesia | 589 | 322 | 241 | 338 | -16.9% |
| South Korea | 347 | 282 | 242 | 264 | -8.7% |
| Singapore | 246 | 30.4 | 36.1 | 225 | -2.9% |
| Vietnam | 121 | 65.5 | 165 | 219 | 21.9% |
| Philippines | 235 | 120 | 282 | 169 | -10.4% |
| Hong Kong SAR | 379 | 34.8 | 14.0 | 95.5 | -36.8% |
| Others | 424 | 251 | 211 | 273 | -13.6% |
| Total | 11,173 | 6,401 | 8,589 | 7,964 | -10.7% |
Top Export Markets for Brass Tubes and Pipes from Japan in 2022:
- China (170.5 tons)
- Taiwan (Chinese) (90.6 tons)
- Thailand (46.5 tons)
- Indonesia (18.7 tons)
- Philippines (14.4 tons)
- Singapore (13.9 tons)
- Vietnam (9.9 tons)
- United States (9.1 tons)
- Hong Kong SAR (5.8 tons)
- South Korea (4.7 tons)
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