Japan: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Japan

In 2021, the Japanese silicon-electrical steel flat-rolled product market decreased by -9.7% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption recorded a noticeable slump. The growth pace was the most rapid in 2019 with an increase of 9.7%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Japan

In value terms, silicon-electrical steel flat-rolled product production rose slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 3.7%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Japan

In 2021, shipments abroad of flat-rolled products of silicon-electrical steel was finally on the rise to reach X tons after three years of decline. Overall, exports, however, continue to indicate a perceptible contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product exports surged to $X in 2021. Over the period under review, exports, however, recorded a pronounced decrease. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Thailand (X tons) and Mexico (X tons) were the main destinations of silicon-electrical steel flat-rolled product exports from Japan, with a combined 47% share of total exports. India, Turkey, Vietnam, South Korea, the United States, Canada, Taiwan (Chinese), Belgium, Malaysia and the Netherlands lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +61.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicon-electrical steel flat-rolled product exported from Japan were Mexico ($X), China ($X) and India ($X), together accounting for 39% of total exports. Thailand, Turkey, the United States, Belgium, Vietnam, Canada, South Korea, Taiwan (Chinese), the Netherlands and Malaysia lagged somewhat behind, together comprising a further 46%.

Among the main countries of destination, Belgium, with a CAGR of +62.7%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, picking up by 18% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Thailand ($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 Malaysia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Japan

In 2021, imports of flat-rolled products of silicon-electrical steel into Japan skyrocketed to X tons, increasing by 51% compared with the year before. Overall, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product imports soared to $X in 2021. In general, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of silicon-electrical steel flat-rolled product imports to Japan, together accounting for 100% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon-electrical steel flat-rolled product suppliers to Japan were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), together comprising 99% of total imports.

China, with a CAGR of +22.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 silicon-electrical steel flat-rolled product import price amounted to $X per ton, with an increase of 36% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silicon-electrical steel flat-rolled product import price increased by +100.5% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($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 (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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