Japan: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Japan

In 2021, the Japanese hot-rolled silico-manganese steel bar market decreased by -67.4% to $X, falling for the third year in a row after two years of growth. In general, consumption continues to indicate a deep reduction. Hot-rolled silico-manganese steel bar consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in Japan

In value terms, hot-rolled silico-manganese steel bar production surged to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 44% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Japan

In 2021, the amount of hot-rolled bars of silico-manganese steel exported from Japan surged to X tons, rising by 208% against the year before. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 554% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, hot-rolled silico-manganese steel bar exports surged to $X in 2021. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons), Indonesia (X tons) and the United States (X tons) were the main destinations of hot-rolled silico-manganese steel bar exports from Japan, with a combined 75% share of total exports. These countries were followed by China, Mexico, Canada and South Korea, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +1,180.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and the United States ($X) were the largest markets for hot-rolled silico-manganese steel bar exported from Japan worldwide, with a combined 71% share of total exports. China, Mexico, Canada and South Korea lagged somewhat behind, together comprising a further 29%.

Mexico, with a CAGR of +1,226.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hot-rolled silico-manganese steel bar export price stood at $X per ton in 2021, increasing by 4.1% against the previous year. In general, the export price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 an increase of 33%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Thailand ($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 South Korea (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Japan

In 2021, overseas purchases of hot-rolled bars of silico-manganese steel decreased by -63.8% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 170% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped remarkably in the following year.

In value terms, hot-rolled silico-manganese steel bar imports shrank notably to $X in 2021. Over the period under review, imports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2014 with an increase of 128% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main suppliers of hot-rolled silico-manganese steel bar imports to Japan, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +48.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the largest hot-rolled silico-manganese steel bar suppliers to Japan, with a combined 96% share of total imports.

South Korea, with a CAGR of +56.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average hot-rolled silico-manganese steel bar import price stood at $X per ton in 2021, surging by 67% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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