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Japan - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Stranded Wire Price in Japan - 2023
Contents:
- Steel Stranded Wire Price in Japan (CIF) - 2023
- Steel Stranded Wire Price in Japan (FOB) - 2023
- Steel Stranded Wire Imports in Japan
- Steel Stranded Wire Exports in Japan
Steel Stranded Wire Price in Japan (CIF) - 2023
In July 2023, the average steel stranded wire import price amounted to $2,082 per ton, shrinking by -2.2% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 6.2% month-to-month. As a result, import price attained the peak level of $2,329 per ton. From January 2023 to July 2023, the average import prices remained at a 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 Vietnam ($4,006 per ton), while the price for Malaysia ($997 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Stranded Wire Price in Japan (FOB) - 2023
The average steel stranded wire export price stood at $4,246 per ton in July 2023, flattening at the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 12% m-o-m. Over the period under review, the average export prices reached the maximum at $5,204 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($10,431 per ton), while the average price for exports to the Philippines ($2,419 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Stranded Wire Imports in Japan
For the fourth year in a row, Japan recorded growth in overseas purchases of iron or steel stranded wire, ropes and cables, which increased by 1.1% to 120K tons in 2022. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, steel stranded wire imports expanded slightly to $265M in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Steel Stranded Wire in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 102 | 87.3 | 121 | 132 | 9.0% |
South Korea | 54.6 | 46.3 | 46.6 | 43.8 | -7.1% |
Vietnam | 16.2 | 14.5 | 25.8 | 27.8 | 19.7% |
Indonesia | 21.1 | 15.1 | 22.2 | 18.7 | -3.9% |
Thailand | 2.7 | 4.3 | 7.0 | 10.4 | 56.8% |
Taiwan (Chinese) | 8.8 | 8.6 | 8.3 | 8.7 | -0.4% |
Malaysia | 1.0 | 8.3 | 6.2 | 7.5 | 95.7% |
Others | 11.3 | 11.0 | 18.5 | 15.7 | 11.6% |
Total | 218 | 196 | 255 | 265 | 6.7% |
Top Suppliers of Steel Stranded Wire to Japan in 2022:
- China (69.3K tons)
- South Korea (19.2K tons)
- Indonesia (8.9K tons)
- Vietnam (8.9K tons)
- Malaysia (5.6K tons)
- Thailand (3.9K tons)
- Taiwan (Chinese) (3.5K tons)
Steel Stranded Wire Exports in Japan
Steel stranded wire exports from Japan dropped to 32K tons in 2022, shrinking by -7.4% on the year before. The total export volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of 34K tons, and then declined in the following year.
In value terms, steel stranded wire exports declined to $132M in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of $144M, and then contracted in the following year.
Export of Steel Stranded Wire in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 12.4 | 14.0 | 14.0 | 24.3 | 25.1% |
China | 21.9 | 19.8 | 25.1 | 21.8 | -0.2% |
Thailand | 15.3 | 14.5 | 19.1 | 19.8 | 9.0% |
United States | 11.8 | 13.0 | 18.7 | 19.0 | 17.2% |
Hong Kong SAR | 6.6 | 6.3 | 7.7 | 6.6 | 0.0% |
Vietnam | 5.5 | 5.4 | 7.2 | 6.4 | 5.2% |
Philippines | 2.0 | 2.5 | 2.7 | 4.0 | 26.0% |
Singapore | 5.6 | 3.8 | 3.9 | 3.4 | -15.3% |
Australia | 3.3 | 2.0 | 2.4 | 2.2 | -12.6% |
Poland | 1.2 | 1.8 | 1.7 | 1.1 | -2.9% |
Others | 27.9 | 22.9 | 41.5 | 23.5 | -5.6% |
Total | 114 | 106 | 144 | 132 | 5.0% |
Top Export Markets for Steel Stranded Wire from Japan in 2022:
- Thailand (6.2K tons)
- United States (5.4K tons)
- Taiwan (Chinese) (5.3K tons)
- China (5.1K tons)
- Hong Kong SAR (1.8K tons)
- Philippines (1.5K tons)
- Singapore (0.9K tons)
- Vietnam (0.9K tons)
- Australia (0.8K tons)
- Poland (0.4K tons)
This report provides an in-depth analysis of the steel stranded wire market 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
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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The price of Steel Stranded Wire, CIF Japan, declined by -2.2% to $2,082 per ton in July 2023, compared to the previous month.
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
The price of Steel Stranded Wire, CIF Japan, declined by -2.2% to $2,082 per ton in July 2023, compared to the previous month.
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...