Japan: Metal Washer Market 2024

Metal Washer Market Size in Japan

The Japanese metal washer market contracted to $X in 2021, shrinking by -7.9% against the previous year. Overall, consumption saw a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Washer Production in Japan

In value terms, metal washer production fell modestly to $X in 2021 estimated in export price. In general, production saw a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of 18%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Washer Exports

Exports from Japan

In 2021, after two years of decline, there was significant growth in overseas shipments of iron or steel washers, when their volume increased by 26% to X tons. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal washer exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of metal washer exports from Japan, together comprising 80% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +9.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal washer exported from Japan were the United States ($X), China ($X) and Thailand ($X), with a combined 73% share of total exports. These countries were followed by Indonesia, Mexico and the Czech Republic, which together accounted for a further 11%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +6.0%, recorded the highest growth rate of 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 metal washer export price amounted to $X per ton, waning by -3.5% against the previous year. Overall, the export price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2020 an increase of 4.1% against the previous year. The export price peaked 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 external markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the Czech Republic ($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 the United States (-0.5%), while the prices for the other major destinations experienced a decline.

Metal Washer Imports

Imports into Japan

In 2021, the amount of iron or steel washers imported into Japan stood at X tons, picking up by 5.5% against 2020. Overall, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 9.3% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, metal washer imports rose to $X in 2021. Over the period under review, imports, however, showed a mild slump. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal washer to Japan, accounting for a 83% share of total imports. Moreover, metal washer imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), ninefold. The third position in this ranking was held by Vietnam (X tons), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.6% per year) and Vietnam (+14.1% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel washers to Japan, comprising 47% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Vietnam, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.2% per year) and Vietnam (+17.0% per year).

Import Prices by Country

The average metal washer import price stood at $X per ton in 2021, falling by -2.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2016 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China ($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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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