Stainless Steel Wire Price in Japan - 2023
Contents:
- Stainless Steel Wire Price in Japan (FOB) - 2022
- Stainless Steel Wire Price in Japan (CIF) - 2022
- Stainless Steel Wire Exports in Japan
- Stainless Steel Wire Imports in Japan
Stainless Steel Wire Price in Japan (FOB) - 2022
In 2022, the average stainless steel wire export price amounted to $11,645 per ton, therefore, remained relatively stable against the previous year. Overall, the export price saw a mild reduction. The growth pace was the most rapid in 2016 an increase of 14% against the previous year. The export price peaked at $13,844 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($18,065 per ton), while the average price for exports to Thailand ($7,238 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 Hong Kong SAR (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Price in Japan (CIF) - 2022
The average stainless steel wire import price stood at $5,375 per ton in 2022, increasing by 10% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $5,519 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($5,829 per ton) and South Korea ($5,671 per ton), while the price for China ($3,940 per ton) and Vietnam ($4,301 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Stainless Steel Wire Exports in Japan
Stainless steel wire exports from Japan declined to 13K tons in 2022, shrinking by -8.2% on the year before. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of 15K tons, and then shrank in the following year.
In value terms, stainless steel wire exports declined to $156M in 2022. The total export value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. As a result, the exports attained the peak of $172M, and then fell in the following year.
| Export of Stainless Steel Wire in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.9 | 43.9 | 44.7 | 40.2 | 6.9% |
| Thailand | 21.9 | 19.6 | 25.4 | 22.6 | 1.1% |
| South Korea | 17.7 | 14.4 | 16.7 | 15.8 | -3.7% |
| Taiwan (Chinese) | 10.9 | 11.0 | 16.2 | 14.1 | 9.0% |
| India | 13.5 | 8.8 | 15.8 | 12.6 | -2.3% |
| Indonesia | 8.4 | 5.7 | 11.4 | 11.4 | 10.7% |
| United States | 7.7 | 5.9 | 8.1 | 9.0 | 5.3% |
| Hong Kong SAR | 7.5 | 8.6 | 6.9 | 5.7 | -8.7% |
| Germany | 7.8 | 6.3 | 9.1 | 5.4 | -11.5% |
| Vietnam | 4.9 | 4.7 | 3.9 | 3.7 | -8.9% |
| Malaysia | 1.9 | 1.9 | 1.5 | 2.6 | 11.0% |
| Philippines | 2.2 | 1.5 | 2.0 | 1.9 | -4.8% |
| Others | 9.4 | 8.1 | 10.5 | 10.7 | 4.4% |
| Total | 147 | 141 | 172 | 156 | 2.0% |
Top Export Markets for Stainless Steel Wire from Japan in 2022:
- Thailand (3.1K tons)
- China (2.9K tons)
- Taiwan (Chinese) (1.5K tons)
- India (1.1K tons)
- Indonesia (1.0K tons)
- South Korea (0.9K tons)
- United States (0.7K tons)
- Germany (0.4K tons)
- Hong Kong SAR (0.3K tons)
- Philippines (0.2K tons)
- Malaysia (0.2K tons)
- Vietnam (0.2K tons)
Stainless Steel Wire Imports in Japan
In 2022, approx. 25K tons of stainless steel wire were imported into Japan; declining by -3% against the previous year. Overall, imports showed a slight setback. The pace of growth appeared the most rapid in 2021 when imports increased by 9.8%.
In value terms, stainless steel wire imports rose remarkably to $132M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Stainless Steel Wire in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 41.0 | 36.5 | 36.5 | 35.4 | -4.8% |
| China | 24.7 | 19.6 | 27.1 | 30.5 | 7.3% |
| Thailand | 17.8 | 14.2 | 18.0 | 19.8 | 3.6% |
| Taiwan (Chinese) | 13.9 | 11.9 | 13.4 | 15.2 | 3.0% |
| Vietnam | 6.2 | 7.0 | 11.2 | 13.2 | 28.6% |
| India | 1.5 | 2.0 | 2.4 | 3.1 | 27.4% |
| Others | 14.1 | 12.0 | 15.5 | 15.1 | 2.3% |
| Total | 119 | 103 | 124 | 132 | 3.5% |
Top Suppliers of Stainless Steel Wire to Japan in 2022:
- China (7.8K tons)
- South Korea (6.2K tons)
- Thailand (3.4K tons)
- Vietnam (3.1K tons)
- Taiwan (Chinese) (3.0K tons)
- India (0.6K tons)
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