Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Japan - 2024

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Japan (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Japan (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Japan
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Japan

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Japan (CIF) - 2022

The average import price for sanitary ware and parts thereof, of iron or steel stood at $12 per unit in 2022, falling by -1.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 26% against the previous year. As a result, import price attained the peak level of $14 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($30 per unit), while the price for the Philippines ($9.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Japan (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $11 per unit, falling by -19% against the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 37%. As a result, the export price attained the peak level of $25 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($25 per unit), while the average price for exports to China ($7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Japan

Imports of sanitary ware and parts thereof, of iron or steel into Japan rose markedly to 3M units in 2022, with an increase of 8.7% on the year before. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of sanitary ware and parts thereof, of iron or steel rose rapidly to $36M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Japan in 2022:

1. China (2517.6K units)
2. Taiwan (Chinese) (237.4K units)
3. Vietnam (73.3K units)
4. United States (51.1K units)
5. Germany (48.1K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Japan

In 2022, the amount of sanitary ware and parts thereof, of iron or steel exported from Japan surged to 1.5M units, with an increase of 20% against 2021. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 206% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, exports of sanitary ware and parts thereof, of iron or steel declined modestly to $16M in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 97%. As a result, the exports reached the peak of $17M, and then dropped in the following year.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Japan in 2022:

1. China (1069.5K units)
2. Taiwan (Chinese) (195.2K units)
3. Philippines (69.7K units)
4. Vietnam (39.6K units)
5. Hong Kong SAR (23.5K units)
6. South Korea (12.4K units)

Source: IndexBox Market Intelligence Platform