Japan: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in Japan

The Japanese aluminium alloy wire market fell to $X in 2022, declining by -7.4% against the previous year. Over the period under review, consumption showed a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Aluminium Alloy Wire Production in Japan

In value terms, aluminium alloy wire production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 42% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Aluminium Alloy Wire Exports

Exports from Japan

In 2022, approx. X tons of aluminium alloy wire were exported from Japan; with an increase of 8.3% on the year before. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 55%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, aluminium alloy wire exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main destinations of aluminium alloy wire exports from Japan, with a combined 67% share of total exports. Germany, China, the United States, Vietnam, Italy and Thailand lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +29.3%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Taiwan (Chinese) ($X) and South Korea ($X) constituted the largest markets for aluminium alloy wire exported from Japan worldwide, together comprising 61% of total exports. Germany, China, the United States, Vietnam, Italy and Thailand lagged somewhat behind, together accounting for a further 36%.

Germany, with a CAGR of +29.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aluminium alloy wire export price amounted to $X per ton, with an increase of 5.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia ($X 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 the United States (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Wire Imports

Imports into Japan

In 2022, aluminium alloy wire imports into Japan contracted to X tons, with a decrease of -13.1% compared with the previous year's figure. In general, imports, however, posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 83% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, aluminium alloy wire imports amounted to $X in 2022. Overall, imports, however, posted strong growth. The growth pace was the most rapid in 2021 when imports increased by 108% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Vietnam (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of aluminium alloy wire imports to Japan, together accounting for 72% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +108.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy wire suppliers to Japan were Vietnam ($X), Thailand ($X) and the United States ($X), with a combined 61% share of total imports.

Among the main suppliers, Thailand, with a CAGR of +91.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium alloy wire import price amounted to $X per ton, picking up by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform