Japan: Aluminium Bar Market 2024

Aluminium Bar Market Size in Japan

The Japanese aluminium bar market shrank to $X in 2021, dropping by -7.5% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +6.3% against 2019 indices. Aluminium bar consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Aluminium Bar Production in Japan

In value terms, aluminium bar production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +8.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Aluminium Bar Exports

Exports from Japan

In 2021, shipments abroad of aluminium bars, rods and profiles increased by 25% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 32% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, aluminium bar exports amounted to $X in 2021. Over the period under review, total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 32%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Thailand (X tons) and the Philippines (X tons) were the main destinations of aluminium bar exports from Japan, with a combined 51% share of total exports. These countries were followed by Vietnam, Taiwan (Chinese), South Korea, Portugal, Germany, the United States, Malaysia, Indonesia, India and Singapore, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +71.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium bar exported from Japan were China ($X), Thailand ($X) and the Philippines ($X), with a combined 52% share of total exports. Vietnam, Taiwan (Chinese), South Korea, Germany, the United States, Malaysia, Portugal, Indonesia, India and Singapore lagged somewhat behind, together comprising a further 41%.

Among the main countries of destination, Portugal, with a CAGR of +66.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium bar export price stood at $X per ton in 2021, declining by -13.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 7%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Japan

In 2021, supplies from abroad of aluminium bars, rods and profiles decreased by -25.2% to X tons, falling for the second year in a row after two years of growth. In general, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -40.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 28% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, aluminium bar imports fell remarkably to $X in 2021. Overall, imports recorded a slight shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), China (X tons) and South Korea (X tons) were the main suppliers of aluminium bar imports to Japan, with a combined 66% share of total imports. The United States, Thailand, Indonesia and Germany lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Vietnam ($X) and China ($X) appeared to be the largest aluminium bar suppliers to Japan, with a combined 66% share of total imports. These countries were followed by South Korea, Thailand, Indonesia and Germany, which together accounted for a further 23%.

In terms of the main suppliers, Indonesia, with a CAGR of +23.0%, recorded 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 2021, the average aluminium bar import price amounted to $X per ton, with a decrease of -12.1% against the previous year. In general, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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