Price for Steel, Stainless; Angles, Shapes and Sections in Japan - 2024
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Japan (FOB) - 2024
- Price for Steel, Stainless; Angles, Shapes and Sections in Japan (CIF) - 2022
- Exports of Steel, Stainless; Angles, Shapes and Sections in Japan
- Imports of Steel, Stainless; Angles, Shapes and Sections in Japan
Price for Steel, Stainless; Angles, Shapes and Sections in Japan (FOB) - 2024
The average export price for steel, stainless stood at $4,629 per ton in November 2023, dropping by -5% against the previous month. In general, export price indicated a noticeable expansion from February 2023 to November 2023: its price increased at an average monthly rate of +2.6% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for steel, stainless increased by +26.5% against August 2023 indices. The pace of growth appeared the most rapid in June 2023 an increase of 82% against the previous month. As a result, the export price attained the peak level of $5,773 per ton. From July 2023 to November 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($14,712 per ton), while the average price for exports to South Korea ($3,261 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 Vietnam (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Japan (CIF) - 2022
The average import price for steel, stainless stood at $8,726 per ton in 2022, approximately equating the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, stainless decreased by -8.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 57%. As a result, import price reached the peak level of $9,567 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($34,500 per ton), while the price for Thailand ($4,732 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Angles, Shapes and Sections in Japan
In 2022, the amount of steel, stainless exported from Japan dropped notably to 3.9K tons, waning by -31.9% against the year before. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, the exports reached the peak of 5.8K tons, and then plummeted in the following year.
In value terms, exports of steel, stainless contracted to $22M in 2022. Over the period under review, exports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports attained the peak of $24M, and then declined in the following year.
| Export of Steel, Stainless; Angles, Shapes and Sections in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 7.1 | 7.3 | 9.7 | 10.5 | 13.9% |
| Vietnam | 6.2 | 3.5 | 7.5 | 7.6 | 7.0% |
| Thailand | 2.2 | 1.6 | 1.9 | 0.6 | -35.2% |
| Taiwan (Chinese) | 1.4 | 1.6 | 0.7 | 0.5 | -29.1% |
| China | 0.4 | 0.7 | 0.6 | 0.5 | 7.7% |
| Australia | 0.9 | 0.5 | 0.9 | 0.4 | -23.7% |
| Singapore | 1.9 | 1.0 | 0.5 | 0.3 | -46.0% |
| Malaysia | 0.6 | 0.6 | 0.4 | N/A | -18.4% |
| Others | 2.0 | 2.0 | 2.2 | 1.2 | -15.7% |
| Total | 22.7 | 18.8 | 24.3 | 21.6 | -1.6% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Japan in 2022:
- South Korea (2696.4 tons)
- Vietnam (632.0 tons)
- Thailand (139.9 tons)
- Taiwan (Chinese) (119.7 tons)
- China (82.4 tons)
- Singapore (55.4 tons)
- Australia (54.4 tons)
Imports of Steel, Stainless; Angles, Shapes and Sections in Japan
Imports of steel, stainless into Japan dropped dramatically to 237 tons in 2022, declining by -16.1% compared with 2021 figures. Over the period under review, imports recorded a dramatic decline. The smallest decline of -6.9% was in 2020.
In value terms, imports of steel, stainless declined sharply to $2.1M in 2022. Overall, imports faced a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 35% against the previous year. As a result, imports reached the peak of $4.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Steel, Stainless; Angles, Shapes and Sections in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 292 | 2,048 | 920 | 741 | 36.4% |
| South Korea | 476 | 732 | 898 | 642 | 10.5% |
| United States | 461 | 479 | 281 | 350 | -8.8% |
| China | 1,615 | 1,065 | 174 | 295 | -43.3% |
| Thailand | 22.1 | 23.6 | 29.3 | 18.2 | -6.3% |
| France | 378 | N/A | 8.4 | 2.8 | -80.5% |
| India | 105 | 107 | 13.9 | N/A | -63.6% |
| Others | 49.9 | 148 | 117 | 17.1 | -30.0% |
| Total | 3,400 | 4,603 | 2,441 | 2,066 | -15.3% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Japan in 2022:
- South Korea (122.4 tons)
- Taiwan (Chinese) (51.9 tons)
- China (46.6 tons)
- United States (10.1 tons)
- Thailand (3.9 tons)
- France (0.3 tons)
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