Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Japan - 2024
Contents:
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Japan (CIF) - 2024
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Japan (FOB) - 2024
- Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Japan
- Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Japan
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Japan (CIF) - 2024
The average import price for containers for compressed or liquefied gas, of iron or steel stood at $67.1 per unit in March 2024, dropping by -3.1% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 67% m-o-m. Over the period under review, average import prices hit record highs at $86.3 per unit in July 2023; however, from August 2023 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was the United States ($240 per unit), while the price for South Korea ($39.9 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced a decline.
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Japan (FOB) - 2024
The average export price for containers for compressed or liquefied gas, of iron or steel stood at $33.4 per unit in March 2024, reducing by -10.9% against the previous month. Over the period under review, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 153% month-to-month. Over the period under review, the average export prices hit record highs at $66.5 per unit in August 2023; however, from September 2023 to March 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In March 2024, the country with the highest price was Thailand ($212 per unit), while the average price for exports to Sri Lanka ($7.3 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Japan
Imports of containers for compressed or liquefied gas, of iron or steel into Japan soared to 1.2M units in 2022, rising by 17% on the previous year. The total import volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of containers for compressed or liquefied gas, of iron or steel surged to $80M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Containers for Compressed or Liquefied Gas, of Iron or Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.7 | 20.0 | 26.9 | 46.0 | 28.5% |
| South Korea | 15.7 | 13.7 | 16.0 | 13.7 | -4.4% |
| United States | 12.1 | 11.0 | 10.1 | 12.2 | 0.3% |
| India | N/A | N/A | N/A | 1.3 | 0% |
| Others | 6.5 | 6.0 | 7.5 | 6.3 | -1.0% |
| Total | 56.0 | 50.7 | 60.4 | 79.6 | 12.4% |
Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Japan in 2022:
- China (674.8K units)
- South Korea (391.5K units)
- United States (63.2K units)
- India (27.0K units)
Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Japan
In 2022, approx. 433K units of containers for compressed or liquefied gas, of iron or steel were exported from Japan; declining by -9.7% on 2021. Over the period under review, exports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 7%. Over the period under review, the exports of attained the peak figure at 483K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of containers for compressed or liquefied gas, of iron or steel totaled $22M in 2022. The total export value increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Containers for Compressed or Liquefied Gas, of Iron or Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 7.5 | 4.9 | 4.4 | 3.8 | -20.3% |
| Taiwan (Chinese) | 2.5 | 1.8 | 2.6 | 2.0 | -7.2% |
| Vietnam | 1.2 | 0.9 | 1.4 | 1.4 | 5.3% |
| Singapore | 0.5 | 1.0 | 0.9 | 0.7 | 11.9% |
| Thailand | 0.6 | 0.7 | 0.5 | 0.7 | 5.3% |
| Philippines | 0.5 | 0.4 | 0.3 | 0.5 | 0.0% |
| Myanmar | 0.4 | 0.3 | 0.2 | 0.4 | 0.0% |
| Cambodia | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Sri Lanka | 0.2 | 0.1 | 0.4 | 0.1 | -20.6% |
| Others | 3.6 | 5.3 | 9.2 | 11.8 | 48.5% |
| Total | 16.9 | 15.5 | 20.0 | 21.5 | 8.4% |
Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Japan in 2022:
- Taiwan (Chinese) (89.7K units)
- Vietnam (73.4K units)
- Philippines (48.6K units)
- Thailand (45.5K units)
- Myanmar (43.6K units)
- Singapore (35.7K units)
- Cambodia (23.9K units)
- South Korea (14.0K units)
- Sri Lanka (8.3K units)
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