Japan: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Japan

In 2022, the Japanese mill rolling roll market increased by 16% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +93.8% against 2019 indices. Mill rolling roll consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Mill Rolling Roll Production in Japan

In value terms, mill rolling roll production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 5.7% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Mill Rolling Roll Exports

Exports from Japan

In 2022, overseas shipments of rolls for rolling mills were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 14% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, mill rolling roll exports shrank to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 18%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), South Korea (X units) and the United States (X units) were the main destinations of mill rolling roll exports from Japan, with a combined 52% share of total exports. Slovenia, Taiwan (Chinese), India, Australia, Canada, Thailand, Bahrain and Russia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +438.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X), South Korea ($X) and the United States ($X) were the largest markets for mill rolling roll exported from Japan worldwide, together comprising 59% of total exports.

Among the main countries of destination, the United States, with a CAGR of +4.3%, 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

In 2022, the average mill rolling roll export price amounted to $X per unit, with a decrease of -12.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 8.1%. The export price peaked at $X per unit in 2021, and then declined in the following year.

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 Australia ($X per unit), while the average price for exports to Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mill Rolling Roll Imports

Imports into Japan

In 2022, overseas purchases of rolls for rolling mills increased by 75% to X units, rising for the fourth consecutive year after six years of decline. Over the period under review, imports, however, continue to indicate a deep slump. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, mill rolling roll imports rose slightly to $X in 2022. Overall, imports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 26%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of mill rolling roll to Japan, accounting for a 71% share of total imports. Moreover, mill rolling roll imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by the United States (X units), with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.9% per year) and the United States (-17.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of rolls for rolling mills to Japan, comprising 74% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Taiwan (Chinese), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.0% per year) and Taiwan (Chinese) (+19.1% per year).

Import Prices by Country

In 2022, the average mill rolling roll import price amounted to $X per unit, with a decrease of -40.9% against the previous year. In general, the import price, however, continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2018 an increase of 38%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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