Japan: Extruded Rod Market 2024

Extruded Rod Market Size in Japan

In 2021, the Japanese extruded rod market was finally on the rise to reach $X after three years of decline. In general, consumption, however, showed a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Extruded Rod Production in Japan

In value terms, extruded rod production declined slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 when the production volume increased by 13% against the previous year. Extruded rod production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Extruded Rod Exports

Exports from Japan

In 2021, the amount of extruded rods and profile shapes of cellular vulcanised rubber exported from Japan amounted to X tons, with an increase of 6.4% on the previous year's figure. Over the period under review, exports showed resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by 200%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, extruded rod exports rose significantly to $X in 2021. Overall, exports saw a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 111%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for extruded rod exports from Japan, accounting for a 84% share of total exports. Moreover, extruded rod exports to China exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to China totaled +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.4% per year) and Italy (+256.5% per year).

In value terms, China ($X) remains the key foreign market for extruded rods and profile shapes of cellular vulcanised rubber exports from Japan, comprising 65% of total exports. The second position in the ranking was taken by the United States ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.1% per year) and Italy (+269.3% per year).

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price recorded a pronounced decline. The pace of growth appeared the most rapid in 2020 an increase of 22%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 Italy (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Extruded Rod Imports

Imports into Japan

In 2021, overseas purchases of extruded rods and profile shapes of cellular vulcanised rubber were finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by 8.1%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, extruded rod imports expanded significantly to $X in 2021. Over the period under review, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 15%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of extruded rod to Japan, accounting for a 67% share of total imports. Moreover, extruded rod imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled -11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.3% per year) and the United States (+14.0% per year).

In value terms, the largest extruded rod suppliers to Japan were South Korea ($X), China ($X) and the United States ($X), with a combined 96% share of total imports.

In terms of the main suppliers, China, with a CAGR of +6.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average extruded rod import price stood at $X per ton in 2021, with an increase of 2.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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