Japan: Expanded Metal Market 2025

Expanded Metal Market Size in Japan

The Japanese expanded metal market stood at $X in 2022, surging by 5.4% against the previous year. Overall, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.1% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Expanded Metal Production in Japan

In value terms, expanded metal production stood at $X in 2022 estimated in export price. In general, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 49% against the previous year. Expanded metal production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Expanded Metal Exports

Exports from Japan

In 2022, exports of iron or steel expanded metal from Japan dropped dramatically to X tons, waning by -24.3% compared with the previous year's figure. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 218%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, expanded metal exports declined dramatically to $X in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 173%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Indonesia (X tons) and the Philippines (X tons) were the main destinations of expanded metal exports from Japan, together accounting for 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +32.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Indonesia ($X) and the Philippines ($X) appeared to be the largest markets for expanded metal exported from Japan worldwide, together accounting for 96% of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of +33.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average expanded metal export price stood at $X per ton in 2022, falling by -1.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 64% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+66.6%), while the prices for the other major destinations experienced mixed trend patterns.

Expanded Metal Imports

Imports into Japan

For the third consecutive year, Japan recorded growth in supplies from abroad of iron or steel expanded metal, which increased by 40% to X tons in 2022. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 74% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, expanded metal imports soared to $X in 2022. In general, imports enjoyed strong growth. The growth pace was the most rapid in 2021 when imports increased by 122%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) was the main supplier of expanded metal to Japan, with a 97% share of total imports. It was followed by Malaysia (X tons), with a 1.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+23.0% per year) and Germany (+44.8% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel expanded metal to Japan, comprising 95% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 2.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+22.2% per year) and Germany (+17.2% per year).

Import Prices by Country

In 2022, the average expanded metal import price amounted to $X per ton, falling by -12.9% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, expanded metal import price increased by +13.2% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 81%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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