Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Japan - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Japan (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Japan (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Japan
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Japan
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Japan (FOB) - 2024
In November 2023, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $2,010 per ton, reducing by -9.9% against the previous month. Over the period under review, the export price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in October 2023 when the average export price increased by 11% against the previous month. Over the period under review, the average export prices reached the peak figure at $2,421 per ton in February 2023; however, from March 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was India ($3,791 per ton), while the average price for exports to Taiwan (Chinese) ($1,169 per ton) was amongst the lowest.
From February 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Japan (CIF) - 2024
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,084 per ton in November 2023, almost unchanged from the previous month. Overall, the import price, however, continues to indicate a slight slump. The pace of growth was the most pronounced in October 2023 an increase of 7.7% m-o-m. Over the period under review, average import prices reached the maximum at $1,274 per ton in March 2023; however, from April 2023 to November 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Thailand ($1,229 per ton) and South Korea ($1,092 per ton), while the price for Vietnam ($852 per ton) and China ($1,001 per ton) were amongst the lowest.
From February 2023 to November 2023, the most notable rate of growth in terms of prices was attained by China (-0.4%), while the prices for the other major suppliers experienced a decline.
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Japan
In 2022, approx. 48K tons of iron or non-alloy steel wire, not plated or coateds were exported from Japan; dropping by -13.4% on the year before. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 34% against the previous year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds shrank to $114M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $121M, and then shrank in the following year.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.5 | 17.9 | 26.7 | 30.0 | 5.6% |
| China | 25.8 | 23.5 | 31.4 | 24.8 | -1.3% |
| Thailand | 18.0 | 12.2 | 18.7 | 16.7 | -2.5% |
| Indonesia | 8.5 | 5.1 | 8.3 | 9.5 | 3.8% |
| Mexico | 7.0 | 5.2 | 7.7 | 7.3 | 1.4% |
| Vietnam | 3.3 | 3.9 | 4.5 | 3.9 | 5.7% |
| Malaysia | 3.4 | 3.1 | 4.1 | 3.7 | 2.9% |
| India | 2.4 | 1.9 | 3.3 | 3.3 | 11.2% |
| Brazil | 1.8 | 1.0 | 2.4 | 3.1 | 19.9% |
| South Korea | 3.2 | 2.7 | 3.1 | 3.0 | -2.1% |
| Taiwan (Chinese) | 2.3 | 2.5 | 3.7 | 2.6 | 4.2% |
| Netherlands | 1.9 | 2.1 | 2.6 | 2.2 | 5.0% |
| Czech Republic | 1.2 | 0.9 | 1.2 | 1.6 | 10.1% |
| Others | 9.4 | 4.9 | 3.7 | 2.8 | -33.2% |
| Total | 114 | 86.8 | 121 | 114 | 0.0% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Japan in 2022:
- China (10.7K tons)
- United States (9.3K tons)
- Thailand (8.0K tons)
- Indonesia (6.3K tons)
- Mexico (3.1K tons)
- Malaysia (2.0K tons)
- Brazil (1.9K tons)
- South Korea (1.2K tons)
- Taiwan (Chinese) (1.1K tons)
- Vietnam (1.1K tons)
- India (1.0K tons)
- Netherlands (0.9K tons)
- Czech Republic (0.8K tons)
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Japan
For the third year in a row, Japan recorded decline in supplies from abroad of iron or non-alloy steel wire, not plated or coateds, which decreased by -10.8% to 42K tons in 2022. In general, imports showed a drastic downturn. The smallest decline of -0.4% was in 2021.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds reduced to $52M in 2022. Over the period under review, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 14%.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 27.0 | 22.0 | 24.6 | 19.7 | -10.0% |
| China | 16.2 | 15.2 | 16.5 | 16.7 | 1.0% |
| Taiwan (Chinese) | 6.2 | 6.2 | 8.7 | 10.1 | 17.7% |
| Vietnam | 4.0 | 2.6 | 3.4 | 3.2 | -7.2% |
| Thailand | 1.8 | 0.9 | 0.8 | 1.1 | -15.1% |
| Others | 2.0 | 1.3 | 1.1 | 1.2 | -15.7% |
| Total | 57.2 | 48.1 | 55.0 | 52.1 | -3.1% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Japan in 2022:
- South Korea (15.3K tons)
- China (14.7K tons)
- Taiwan (Chinese) (7.2K tons)
- Vietnam (3.6K tons)
- Thailand (0.7K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Japan.
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