Japan: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in Japan

In 2021, the Japanese metal self-locking nut market decreased by -5% to $X, falling for the third year in a row after three years of growth. Overall, consumption continues to indicate a slight slump. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Self-Locking Nut Production in Japan

In value terms, metal self-locking nut production reached $X in 2021 estimated in export price. Overall, production, however, recorded a slight reduction. The growth pace was the most rapid in 2016 with an increase of 55% against the previous year. Metal self-locking nut production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Metal Self-Locking Nut Exports

Exports from Japan

In 2021, overseas shipments of iron or steel nuts (including self-locking nuts) were finally on the rise to reach X tons after two years of decline. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal self-locking nut exports surged to $X in 2021. Overall, exports, however, continue to indicate a slight shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), China (X tons) and Thailand (X tons) were the main destinations of metal self-locking nut exports from Japan, together comprising 65% of total exports. Indonesia, Turkey, Mexico, Brazil, India, Denmark, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +14.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal self-locking nut exported from Japan were the United States ($X), China ($X) and Thailand ($X), together accounting for 63% of total exports. Indonesia, Mexico, India, Turkey, Brazil, Taiwan (Chinese), the UK and Denmark lagged somewhat behind, together comprising a further 22%.

Turkey, with a CAGR of +11.9%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average metal self-locking nut export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2016 an increase of 4.7%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Denmark ($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 Mexico (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into Japan

In 2021, overseas purchases of iron or steel nuts (including self-locking nuts) were finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, metal self-locking nut imports expanded remarkably to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main suppliers of metal self-locking nut imports to Japan, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +14.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and South Korea ($X) appeared to be the largest metal self-locking nut suppliers to Japan, with a combined 65% share of total imports. Thailand, Vietnam and Indonesia lagged somewhat behind, together accounting for a further 12%.

Vietnam, with a CAGR of +14.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal self-locking nut import price stood at $X per ton in 2021, dropping by -3.2% against the previous year. In general, the import price saw a slight downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 2.9% against the previous year. 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 Indonesia ($X per ton), while the price for Vietnam ($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 (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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