Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Japan - 2023

Contents:

  1. Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Japan (FOB) - 2022
  2. Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Japan (CIF) - 2023
  3. Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Japan
  4. Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Japan

Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Japan (FOB) - 2022

The average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $16,408 per ton in 2022, increasing by 27% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($20,779 per ton), while the average price for exports to India ($7,000 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 Taiwan (Chinese) (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Japan (CIF) - 2023

The average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $28,167 per ton in July 2023, with an increase of 136% against the previous month. In general, import price indicated a prominent expansion from November 2022 to July 2023: its price increased at an average monthly rate of +6.4% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia increased by +136.2% against June 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($131K per ton), while the price for China ($10,205 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 (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Japan

In 2022, the amount of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia exported from Japan shrank dramatically to 20K tons, reducing by -25.7% against the previous year's figure. Overall, total exports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. As a result, the exports attained the peak of 27K tons, and then shrank notably in the following year.

In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia fell to $325M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. As a result, the exports reached the peak of $344M, and then shrank in the following year.

Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China52.375.515798.423.5%
Taiwan (Chinese)60.862.873.581.510.3%
South Korea60.468.863.378.18.9%
United States20.324.825.937.222.4%
Vietnam3.02.74.38.038.7%
Norway9.20.13.94.3-22.4%
India4.30.61.02.1-21.3%
Thailand7.92.65.92.1-35.7%
Others23.315.710.013.4-16.8%
Total24225434432510.3%

Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from Japan in 2022:

  1. China (8.1K tons)
  2. Taiwan (Chinese) (3.9K tons)
  3. South Korea (3.8K tons)
  4. United States (2.0K tons)
  5. Vietnam (0.4K tons)
  6. India (0.3K tons)
  7. Norway (0.3K tons)
  8. Thailand (0.1K tons)

Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Japan

In 2022, purchases abroad of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia decreased by -15.5% to 2.4K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 +47.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. As a result, imports reached the peak of 2.9K tons, and then fell sharply in the following year.

In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia dropped to $36M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of $42M, and then reduced in the following year.

Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea9.711.817.419.927.1%
China10.011.013.09.5-1.7%
Italy2.02.53.02.57.7%
Taiwan (Chinese)0.20.10.30.426.0%
India0.11.94.0N/A532.5%
Others5.13.44.53.9-8.6%
Total27.030.742.236.210.3%

Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to Japan in 2022:

  1. South Korea (1250.5 tons)
  2. China (966.5 tons)
  3. Italy (112.8 tons)
  4. Taiwan (Chinese) (48.6 tons)
  5. India (1.3 tons)

Source: IndexBox Market Intelligence Platform

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