Japan: Moulds For Metal Market 2024

Moulds For Metal Market Size in Japan

The Japanese moulds for metal market reached $X in 2022, with an increase of 2.4% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Moulds for metal consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Moulds For Metal Production in Japan

In value terms, moulds for metal production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2016 with an increase of 60%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Moulds For Metal Exports

Exports from Japan

Moulds for metal exports from Japan shrank markedly to X tons in 2022, waning by -27.9% against 2021. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 9.9%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, moulds for metal exports reduced dramatically to $X in 2022. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 6.7% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Mexico (X tons) and Thailand (X tons) were the main destinations of moulds for metal exports from Japan, together comprising 62% of total exports. China, Indonesia, India, the Philippines, the UK, Vietnam and Saudi Arabia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of -1.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for moulds for metal exported from Japan were the United States ($X), Mexico ($X) and China ($X), with a combined 56% share of total exports. Thailand, Indonesia, India, the Philippines, Vietnam, the UK and Saudi Arabia lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Saudi Arabia, with a CAGR of -1.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average moulds for metal export price amounted to $X per ton, leveling off at the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Saudi Arabia ($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 the UK (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into Japan

Moulds for metal imports into Japan dropped significantly to X tons in 2022, which is down by -18.6% compared with the previous year's figure. In general, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2014 when imports increased by 12%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, moulds for metal imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest moulds for metal supplier to Japan, with a 61% share of total imports. Moreover, moulds for metal imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by the Philippines (X tons), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-6.7% per year) and the Philippines (+54.0% per year).

In value terms, China ($X) constituted the largest supplier of moulds for metals to Japan, comprising 71% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.9% share of total imports. It was followed by Thailand, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-8.8% per year) and Thailand (+1.4% per year).

Import Prices by Country

The average moulds for metal import price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, moulds for metal import price increased by +79.3% against 2014 indices. The most prominent rate of growth was recorded in 2018 an increase of 19%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform