Japan - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrices of Stainless Steel Angles in Japan Soar, Surging by 184% to An Average of $5,120 per Ton
Japan Stainless Steel Angle Export Price in April 2023
In April 2023, the stainless steel angle price amounted to $5,120 per ton (FOB, Japan), growing by 184% against the previous month. In general, the export price recorded a noticeable expansion. The export price peaked at $6,004 per ton in September 2022; however, from October 2022 to April 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($11,203 per ton), while the average price for exports to South Korea ($3,142 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
COUNTRY | Export Price of Stainless Steel Angle in Japan (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
Vietnam | 3,118 | 12,360 | 17,983 | 12,779 | 11,702 | 11,638 | 7,360 | 10,508 | 10,159 | 11,402 | 4,972 | 9,548 | 11,203 |
China | 4,909 | 4,836 | 4,519 | 4,639 | 4,876 | 5,295 | 5,200 | 5,186 | 4,771 | 5,443 | 5,275 | 5,742 | 6,107 |
South Korea | 3,615 | 3,925 | 3,862 | 4,013 | 4,196 | 3,993 | 1,530 | 4,074 | 3,115 | 1,326 | 3,345 | 1,244 | 3,142 |
India | 1,321 | N/A | N/A | N/A | N/A | 1,415 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Average | 3,148 | 5,586 | 5,228 | 5,128 | 5,560 | 6,004 | 2,489 | 5,262 | 3,201 | 2,156 | 3,879 | 1,805 | 5,120 |
Japan Stainless Steel Angle Export Prices by Type
Average prices varied somewhat for the major types of exported product. In April 2023, the product with the highest price was steel, alloy; angles, shapes and sections ($6,159 per ton), while the average price for exports of steel, stainless totaled $4,702 per ton.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for the following types: steel, alloy; angles, shapes and sections (+7.6%).
Japan Stainless Steel Angle Exports
In April 2023, exports of angles, shapes and sections of stainless steel or other alloy steel from Japan fell dramatically to 493 tons, shrinking by -68.1% on March 2023. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in October 2022 with an increase of 336% against the previous month.
In value terms, stainless steel angle exports reduced to $2.5M (IndexBox estimates) in April 2023. In general, exports saw a pronounced decrease. The growth pace was the most rapid in October 2022 with an increase of 81% month-to-month. As a result, the exports reached the peak of $4.4M. From November 2022 to April 2023, the growth of the exports remained at a lower figure.
Japan Stainless Steel Angle Exports by Type
Steel, stainless (351 tons) was the largest type of stainless steel angle exported from Japan, accounting for a 71% share of total exports. Moreover, steel, stainless exceeded the volume of the second product type, steel, alloy; angles, shapes and sections (141 tons), twofold.
From April 2022 to April 2023, the average monthly growth rate of the volume of export of steel, stainless was relatively modest.
In value terms, the most traded types of angles, shapes and sections of stainless steel or other alloy steel in Japan were steel, stainless ($1.7M) and steel, alloy; angles, shapes and sections ($871K).
In terms of the main product categories, steel, stainless; angles, shapes and sections, with a CAGR of +1.0%, recorded the highest growth rate of the value of exports, over the period under review.
Japan Stainless Steel Angle Exports by Country
South Korea (246 tons), China (148 tons) and Vietnam (49 tons) were the main destinations of stainless steel angle exports from Japan, with a combined 90% share of total exports. Taiwan (Chinese) and Hong Kong lagged somewhat behind, together accounting for a further 9.5%.
From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong (with a CAGR of +12.1%), while the other leaders experienced mixed trend patterns.
In value terms, the largest markets for stainless steel angle exported from Japan were China ($903K), South Korea ($772K) and Vietnam ($551K), together accounting for 88% of total exports. These countries were followed by Taiwan (Chinese) and Hong Kong, which together accounted for a further 11%.
Hong Kong, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the stainless steel angle 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 24107200 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of stainless steel
- Prodcom 24107300 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of other alloy steel
- Prodcom 24312050 - Sections, of alloy steel other than stainless, cold-finished or cold-formed (e.g. by cold-drawing)
- Prodcom 24331200 - Cold-formed sections, obtained from flat products, of 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
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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