Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Japan - 2023
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Japan (FOB) - 2023
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Japan (CIF) - 2023
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Japan
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Japan
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Japan (FOB) - 2023
In July 2023, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $9,077 per ton, surging by 15% against the previous month. Over the period from November 2022 to July 2023, it increased at an average monthly rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was South Korea ($27,473 per ton), while the average price for exports to Vietnam ($4,798 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Japan (CIF) - 2023
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $7,620 per ton in July 2023, surging by 1.7% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +5.2%. The pace of growth appeared the most rapid in December 2022 an increase of 28% m-o-m. The import price peaked in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($52,059 per ton), while the price for Taiwan (Chinese) ($3,121 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Japan
In 2022, the amount of stainless steel; flat-rolled products of width less than 600mms exported from Japan declined slightly to 67K tons, waning by -3.7% compared with the previous year's figure. Overall, exports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 14%.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms expanded to $490M in 2022. The total export value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 105 | 104 | 123 | 112 | 2.2% |
| Thailand | 66.9 | 52.6 | 71.0 | 62.2 | -2.4% |
| Mexico | 31.8 | 27.1 | 39.5 | 44.3 | 11.7% |
| India | 26.4 | 30.6 | 39.3 | 41.6 | 16.4% |
| Indonesia | 27.8 | 25.4 | 32.3 | 28.1 | 0.4% |
| South Korea | 24.5 | 18.5 | 18.2 | 23.6 | -1.2% |
| United States | 24.9 | 17.3 | 17.9 | 23.4 | -2.0% |
| Canada | 14.3 | 9.4 | 14.4 | 23.3 | 17.7% |
| Romania | 3.5 | 3.1 | 4.1 | 21.9 | 84.3% |
| Vietnam | 15.9 | 14.9 | 17.3 | 18.9 | 5.9% |
| Taiwan (Chinese) | 16.4 | 14.7 | 17.2 | 13.0 | -7.5% |
| Malaysia | 10.0 | 9.5 | 11.4 | 10.8 | 2.6% |
| Brazil | 6.9 | 6.6 | 8.4 | 8.6 | 7.6% |
| Others | 58.8 | 52.8 | 53.7 | 58.2 | -0.3% |
| Total | 433 | 387 | 467 | 490 | 4.2% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Japan in 2022:
- China (17.8K tons)
- Thailand (9.9K tons)
- Mexico (5.4K tons)
- India (5.0K tons)
- Vietnam (3.9K tons)
- Indonesia (3.7K tons)
- United States (3.4K tons)
- Taiwan (Chinese) (2.4K tons)
- Canada (2.3K tons)
- South Korea (2.0K tons)
- Malaysia (1.8K tons)
- Brazil (1.7K tons)
- Romania (1.3K tons)
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Japan
In 2022, after three years of growth, there was significant decline in supplies from abroad of stainless steel; flat-rolled products of width less than 600mms, when their volume decreased by -33.1% to 9.9K tons. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. As a result, imports attained the peak of 15K tons, and then declined rapidly in the following year.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms fell remarkably to $54M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, imports attained the peak of $64M, and then contracted markedly in the following year.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 10.7 | 25.5 | 17.1 | 25.7% |
| South Korea | 8.5 | 11.4 | 18.5 | 13.9 | 17.8% |
| Sweden | 9.8 | 7.0 | 6.3 | 5.6 | -17.0% |
| United States | 5.6 | 4.3 | 4.1 | 5.3 | -1.8% |
| Taiwan (Chinese) | 4.4 | 4.0 | 4.2 | 4.1 | -2.3% |
| Thailand | 3.0 | 3.3 | 2.5 | 3.2 | 2.2% |
| Italy | N/A | N/A | N/A | 1.6 | 0% |
| Malaysia | 0.4 | 0.4 | 0.7 | 0.8 | 26.0% |
| Others | 2.4 | 1.2 | 1.8 | 2.2 | -2.9% |
| Total | 42.8 | 42.4 | 63.7 | 53.9 | 8.0% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Japan in 2022:
- China (3.7K tons)
- South Korea (2.9K tons)
- Taiwan (Chinese) (1.4K tons)
- Sweden (0.5K tons)
- Italy (0.4K tons)
- Thailand (0.4K tons)
- Malaysia (0.2K tons)
- United States (0.1K tons)
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