Japan - Stainless Steel in Ingots or other Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Stainless Steel in Ingots or Other Primary Forms in Japan - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Japan (FOB) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Japan (CIF) - 2023
- Exports of Stainless Steel in Ingots or Other Primary Forms in Japan
- Imports of Stainless Steel in Ingots or Other Primary Forms in Japan
Price for Stainless Steel in Ingots or Other Primary Forms in Japan (FOB) - 2022
The average export price for stainless steel in ingots or other primary forms stood at $15,044 per ton in 2022, shrinking by -12.5% against the previous year. In general, the export price saw a slight slump. The growth pace was the most rapid in 2015 when the average export price increased by 82%. Over the period under review, the average export prices hit record highs at $23,288 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($48,707 per ton), while the average price for exports to Italy ($3,423 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 Thailand (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Japan (CIF) - 2023
In July 2023, the average import price for stainless steel in ingots or other primary forms amounted to $7,605 per ton, dropping by -49% against the previous month. Over the period under review, the import price showed a pronounced setback. The most prominent rate of growth was recorded in May 2023 an increase of 159% against the previous month. The import price peaked at $18,437 per ton in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.
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 ($10,385 per ton), while the price for China amounted to $5,070 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+373.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Stainless Steel in Ingots or Other Primary Forms in Japan
In 2022, after two years of decline, there was significant growth in overseas shipments of stainless steel in ingots or other primary forms, when their volume increased by 200% to 1.1K tons. In general, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel in ingots or other primary forms soared to $16M in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel in Ingots or Other Primary Forms in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 3.3 | 5.2 | 5.0 | 13.6 | 60.3% |
| Argentina | N/A | N/A | N/A | 0.9 | 0% |
| Italy | N/A | N/A | N/A | 0.6 | 0% |
| Indonesia | 0.2 | N/A | 0.1 | 0.5 | 35.7% |
| Taiwan (Chinese) | 0.3 | N/A | 0.1 | 0.1 | -30.7% |
| China | 2.9 | 0.9 | 0.4 | 0.1 | -67.5% |
| South Korea | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Others | 0.4 | 0.5 | 0.6 | 0.4 | 0.0% |
| Total | 7.3 | 6.9 | 6.2 | 16.2 | 30.4% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Japan in 2022:
- Vietnam (561.5 tons)
- Argentina (199.1 tons)
- Italy (163.1 tons)
- China (23.9 tons)
- Indonesia (20.0 tons)
- Taiwan (Chinese) (12.5 tons)
- South Korea (6.2 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Japan
In 2022, approx. 1.3K tons of stainless steel in ingots or other primary forms were imported into Japan; with a decrease of -5.2% compared with the year before. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 33%.
In value terms, imports of stainless steel in ingots or other primary forms soared to $8.3M in 2022. Overall, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.3% 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 +91.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Stainless Steel in Ingots or Other Primary Forms in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.3 | 0.4 | 1.3 | 3.2 | 120.1% |
| Sweden | 3.8 | 1.1 | 2.0 | 2.0 | -19.3% |
| United States | 1.6 | 1.3 | 1.2 | 1.6 | 0.0% |
| South Korea | 2.1 | 1.2 | 1.4 | 1.2 | -17.0% |
| United Kingdom | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Others | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Total | 8.0 | 4.3 | 6.3 | 8.3 | 1.2% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Japan in 2022:
- South Korea (428.9 tons)
- Sweden (415.3 tons)
- China (323.1 tons)
- United States (223.0 tons)
- United Kingdom (22.0 tons)
This report provides an in-depth analysis of the market for stainless steel in ingots or other primary forms in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24102210 - Flat semi-finished products (slabs) (of stainless steel)
- Prodcom 24102221 - Ingots, other primary forms and long semi-finished products for seamless tubes (of stainless steel)
- Prodcom 24102222 - Other ingots, primary forms and long semi-finished products (of stainless steel)
- Prodcom 241022Z0 - Ingots, other primary forms and long semi-finished products, o f stainless steel
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for stainless steel in ingots or other primary forms in Japan.
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This report provides an in-depth analysis of the global market for stainless steel in ingots or other primary forms.
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This report provides an in-depth analysis of the market for stainless steel in ingots or other primary forms in Japan.
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