Japan: Metal Wool Market 2024

Metal Wool Market Size in Japan

The Japanese metal wool market stood at $X in 2022, increasing by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a perceptible setback. Metal wool consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Wool Exports

Exports from Japan

In 2022, metal wool exports from Japan fell rapidly to X tons, with a decrease of -54.5% compared with the previous year's figure. Over the period under review, exports, however, recorded a notable increase. The pace of growth appeared the most rapid in 2014 with an increase of 131% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, metal wool exports reduced remarkably to $X in 2022. Overall, exports recorded a mild decrease. The most prominent rate of growth was recorded in 2014 with an increase of 81% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons), Hong Kong SAR (X tons) and China (X tons) were the main destinations of metal wool exports from Japan, with a combined 76% share of total exports. Vietnam, India, Taiwan (Chinese), Indonesia and South Korea lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Vietnam ($X) and Thailand ($X) appeared to be the largest markets for metal wool exported from Japan worldwide, with a combined 73% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +20.3%, saw 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

The average metal wool export price stood at $X per ton in 2022, growing by 58% against the previous year. In general, the export price, however, showed a noticeable decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Thailand ($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 Vietnam (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Wool Imports

Imports into Japan

In 2022, metal wool imports into Japan stood at X tons, rising by 3.4% on 2021. In general, imports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2018 when imports increased by 5.7% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal wool imports expanded significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable slump. The growth pace was the most rapid in 2018 with an increase of 11% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal wool to Japan, accounting for a 59% share of total imports. Moreover, metal wool imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-0.4% per year) and Thailand (+23.2% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel wool to Japan, comprising 57% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+23.0% per year) and the Czech Republic (-11.1% per year).

Import Prices by Country

In 2022, the average metal wool import price amounted to $X per ton, increasing by 2.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 5.2% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 South Korea ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :