Japan: Stainless Steel Angle Market 2025

Stainless Steel Angle Market Size in Japan

In 2021, after two years of decline, there was growth in the Japanese stainless steel angle market, when its value increased by 2.3% to $X. Overall, consumption, however, showed a deep downturn. Stainless steel angle consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Stainless Steel Angle Production in Japan

In value terms, stainless steel angle production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Stainless Steel Angle Exports

Exports from Japan

In 2021, shipments abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by -37.1% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, showed a notable expansion. The pace of growth was the most pronounced in 2014 with an increase of 88% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, stainless steel angle exports rose notably to $X in 2021. In general, total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -20.6% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 36%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), South Korea (X tons) and India (X tons) were the main destinations of stainless steel angle exports from Japan, together accounting for 73% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +53.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stainless steel angle exported from Japan were China ($X), South Korea ($X) and Vietnam ($X), together accounting for 78% of total exports.

Among the main countries of destination, China, with a CAGR of +45.4%, saw 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 stainless steel angle export price stood at $X per ton in 2021, surging by 74% against the previous year. Overall, the export price, however, saw a slight curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to India ($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 Thailand (-0.4%), while the prices for the other major destinations experienced a decline.

Stainless Steel Angle Imports

Imports into Japan

In 2021, purchases abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by -55.5% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2014 with an increase of 95%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, stainless steel angle imports dropped sharply to $X in 2021. Over the period under review, imports saw a slight shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 70% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of stainless steel angle to Japan, accounting for a 94% share of total imports. Moreover, stainless steel angle imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.7% per year) and the UK (-59.9% per year).

In value terms, China ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to Japan, comprising 71% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.9% per year) and the UK (-44.5% per year).

Import Prices by Country

In 2021, the average stainless steel angle import price amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, the import price, however, recorded a noticeable downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+38.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :