Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Japan - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Japan (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Japan (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Japan
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Japan
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Japan (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $1,079 per ton in 2022, surging by 4.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19%. Over the period under review, average import prices reached the peak figure at $1,114 per ton in 2012; afterwards, it flattened through to 2022.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,119 per ton), while the price for South Korea amounted to $920 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.0%).
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Japan (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,576 per ton, which is down by -12.9% against the previous year. Overall, the export price, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2016 an increase of 82% against the previous year. Over the period under review, the average export prices attained the maximum at $1,809 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($3,623 per ton), while the average price for exports to South Korea ($727 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 Taiwan (Chinese) (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Japan
In 2022, after three years of growth, there was decline in purchases abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, when their volume decreased by -1.8% to 1.9K tons. The total import volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, imports reached the peak of 1.9K tons, and then dropped in the following year.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s rose slightly to $2.1M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +49.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,054 | 1,121 | 1,461 | 1,714 | 17.6% |
| South Korea | 352 | 263 | 548 | 353 | 0.1% |
| Others | 3.4 | N/A | N/A | N/A | 0% |
| Total | 1,410 | 1,384 | 2,009 | 2,067 | 13.6% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Japan in 2022:
- China (1531.3 tons)
- South Korea (384.0 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Japan
Exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s from Japan contracted markedly to 201 tons in 2022, with a decrease of -44% on 2021. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 76% against the previous year.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s fell dramatically to $317K in 2022. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 87% against the previous year. As a result, the exports attained the peak of $650K, and then shrank sharply in the following year.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 309 | 176 | 259 | 239 | -8.2% |
| China | 29.2 | 137 | 356 | 39.6 | 10.7% |
| Philippines | 2.4 | N/A | 34.1 | 23.6 | 114.2% |
| South Korea | 67.5 | 6.9 | N/A | 14.9 | -39.6% |
| Others | 6.9 | 27.7 | N/A | N/A | 301.4% |
| Total | 415 | 348 | 650 | 317 | -8.6% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Japan in 2022:
- Taiwan (Chinese) (147.0 tons)
- Philippines (22.5 tons)
- South Korea (20.5 tons)
- China (10.9 tons)
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