Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Japan - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Japan (FOB) - 2023
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Japan (CIF) - 2023
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Japan
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Japan
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Japan (FOB) - 2023
In November 2023, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $6,212 per ton, rising by 4.5% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 7.4% against the previous month. The export price peaked at $6,711 per ton in January 2023; however, from February 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($7,605 per ton), while the average price for exports to India ($4,250 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Japan (CIF) - 2023
In November 2023, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $6,423 per ton, which is down by -4.7% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 12% month-to-month. Over the period under review, average import prices hit record highs at $7,352 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($32,805 per ton), while the price for India ($2,663 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Portugal (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Japan
In 2022, approx. 56K tons of stainless steel bars and rods, angles, shapes and sectionses were exported from Japan; reducing by -6.9% on the year before. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of 60K tons, and then reduced in the following year.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses contracted modestly to $316M in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of $323M, and then shrank modestly in the following year.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 89.7 | 82.7 | 107 | 83.7 | -2.3% |
| China | 45.8 | 46.9 | 69.6 | 73.3 | 17.0% |
| South Korea | 27.1 | 26.4 | 42.2 | 46.9 | 20.1% |
| Vietnam | 24.4 | 24.1 | 36.0 | 44.1 | 21.8% |
| Taiwan (Chinese) | 7.8 | 9.8 | 11.2 | 12.0 | 15.4% |
| Indonesia | 12.6 | 6.2 | 10.0 | 11.7 | -2.4% |
| India | 14.1 | 11.5 | 13.6 | 10.6 | -9.1% |
| Singapore | 8.8 | 6.6 | 8.9 | 8.2 | -2.3% |
| Others | 24.2 | 16.8 | 24.3 | 25.3 | 1.5% |
| Total | 255 | 231 | 323 | 316 | 7.4% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Japan in 2022:
- Thailand (19.2K tons)
- China (11.9K tons)
- South Korea (7.8K tons)
- Vietnam (5.4K tons)
- Taiwan (Chinese) (2.6K tons)
- Indonesia (2.1K tons)
- Singapore (1.5K tons)
- India (1.4K tons)
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Japan
In 2022, imports of stainless steel bars and rods, angles, shapes and sectionses into Japan stood at 13K tons, therefore, remained relatively stable against the previous year's figure. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 3.9%.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $72M in 2022. Overall, imports, however, recorded a perceptible contraction.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 20.7 | 17.5 | 16.5 | 20.9 | 0.3% |
| South Korea | 19.8 | 12.9 | 15.7 | 16.6 | -5.7% |
| China | 6.9 | 6.5 | 9.7 | 10.4 | 14.7% |
| United States | 10.4 | 6.7 | 4.3 | 7.3 | -11.1% |
| Sweden | 3.1 | 3.4 | 2.6 | 4.9 | 16.5% |
| Austria | 5.8 | 4.1 | 3.9 | 4.0 | -11.6% |
| Italy | 4.3 | 2.4 | 2.5 | 1.4 | -31.2% |
| Spain | 2.0 | 1.1 | 0.8 | 0.9 | -23.4% |
| Others | 8.6 | 6.7 | 6.0 | 5.3 | -14.9% |
| Total | 81.6 | 61.3 | 62.0 | 71.9 | -4.1% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Japan in 2022:
- South Korea (4.3K tons)
- Taiwan (Chinese) (3.5K tons)
- China (2.1K tons)
- Sweden (0.7K tons)
- Austria (0.6K tons)
- United States (0.3K tons)
- Spain (0.3K tons)
- Italy (0.2K tons)
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