Japan: Base Metal Keys Market 2024

Base Metal Keys Market Size in Japan

The Japanese base metal keys market contracted to $X in 2022, which is down by -7.9% against the previous year. Overall, consumption recorded a pronounced decline. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Base Metal Keys Production in Japan

In value terms, base metal keys production fell to $X in 2022 estimated in export price. Overall, production recorded a noticeable decline. The growth pace was the most rapid in 2017 with an increase of 39%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Base Metal Keys Exports

Exports from Japan

Base metal keys exports from Japan reduced to X tons in 2022, which is down by -7.4% compared with the previous year's figure. In general, exports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, base metal keys exports fell to $X in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for base metal keys exports from Japan, accounting for a 40% share of total exports. Moreover, base metal keys exports to Thailand exceeded the volume sent to the second major destination, India (X tons), twofold. The third position in this ranking was held by Indonesia (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+15.5% per year) and Indonesia (+11.2% per year).

In value terms, the largest markets for base metal keys exported from Japan were Thailand ($X), the United States ($X) and Indonesia ($X), with a combined 67% share of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of +14.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average base metal keys export price amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Mexico (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Keys Imports

Imports into Japan

In 2022, supplies from abroad of base metal keys increased by 12% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 41% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal keys imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 21% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest supplier of base metal keys to Japan, with a 50% share of total imports. Moreover, base metal keys imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. India (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) totaled -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.4% per year) and India (+64.4% per year).

In value terms, the largest base metal keys suppliers to Japan were Taiwan (Chinese) ($X), China ($X) and Italy ($X), together accounting for 61% of total imports. The United States, India and Thailand lagged somewhat behind, together accounting for a further 11%.

In terms of the main suppliers, India, with a CAGR of +54.5%, recorded the highest growth rate of 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 base metal keys import price amounted to $X per ton, with a decrease of -4.8% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal keys import price decreased by -15.8% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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