Japan: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in Japan

The Japanese iron or steel can market rose significantly to $X in 2021, growing by 5.5% against the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Iron or steel can consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Iron or Steel Cans in Japan

In value terms, iron or steel can production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 35%. Iron or steel can production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Iron or Steel Cans

Exports from Japan

Iron or steel can exports from Japan surged to X units in 2021, growing by 29% compared with the previous year's figure. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 206%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, iron or steel can exports expanded rapidly to $X in 2021. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 165% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units) was the main destination for iron or steel can exports from Japan, accounting for a 88% share of total exports. Moreover, iron or steel can exports to Vietnam exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold. China (X units) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam amounted to +118.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+131.9% per year) and China (-9.3% per year).

In value terms, Vietnam ($X) remains the key foreign market for iron or steel cans exports from Japan, comprising 88% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.8% share of total exports. It was followed by China, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam totaled +117.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+97.0% per year) and China (-9.6% per year).

Export Prices by Country

In 2021, the average iron or steel can export price amounted to $X per unit, declining by -13.6% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 4.4% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Cans

Imports into Japan

For the third year in a row, Japan recorded decline in supplies from abroad of iron or steel cans, which decreased by -16.6% to X units in 2021. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 41%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, iron or steel can imports fell sharply to $X in 2021. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 39%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Thailand (X units), South Korea (X units) and China (X units) were the main suppliers of iron or steel can imports to Japan, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +224.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest iron or steel can suppliers to Japan were Thailand ($X), South Korea ($X) and China ($X), together accounting for 99% of total imports.

South Korea, with a CAGR of +136.2%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2021, the average iron or steel can import price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price, however, recorded a slight setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 14% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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