Japan: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Japan

The Japanese ferro-cerium and pyrophoric alloys market skyrocketed to $X in 2021, jumping by 68% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a abrupt decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Japan

For the third consecutive year, Japan recorded growth in overseas shipments of ferro-cerium and pyrophoric alloys, which increased by 36% to X tons in 2021. Overall, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 91%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 18%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Japan, accounting for a 78% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to South Korea exceeded the volume sent to the second major destination, Singapore (X tons), ninefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea amounted to +67.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+8.9% per year) and Taiwan (Chinese) (+156.4% per year).

In value terms, South Korea ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Japan, comprising 68% of total exports. The second position in the ranking was held by Singapore ($X), with a 12% share of total exports. It was followed by Taiwan (Chinese), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea stood at +65.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+1.4% per year) and Taiwan (Chinese) (+156.6% per year).

Export Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, dropping by -14.7% against the previous year. Overall, the export price showed a sharp setback. The most prominent rate of growth was recorded in 2018 an increase of 57%. 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 by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($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 Taiwan (Chinese) (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Japan

In 2021, ferro-cerium and pyrophoric alloys imports into Japan skyrocketed to X tons, growing by 62% compared with the previous year's figure. In general, imports, however, showed a deep setback. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a slight descent. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Japan, accounting for a 68% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.5% per year) and the Netherlands (+19.9% per year).

In value terms, China ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Japan, comprising 56% of total imports. The second position in the ranking was held by Germany ($X), with a 6.8% share of total imports. It was followed by the United States, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.8% per year) and the United States (-13.5% per year).

Import Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, with a decrease of -3.4% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ferro-cerium and pyrophoric alloys import price increased by +66.9% against 2013 indices. The pace of growth was the most pronounced in 2020 an increase of 33% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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