Japan: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Japan

The Japanese threaded metal articles market soared to $X in 2021, growing by 19% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Threaded Metal Articles Production in Japan

In value terms, threaded metal articles production skyrocketed to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Threaded Metal Articles Exports

Exports from Japan

In 2021, shipments abroad of threaded articles of iron or steel was finally on the rise to reach X tons after three years of decline. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 110% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, threaded metal articles exports soared to $X in 2021. Overall, exports recorded pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of 78% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Mexico (X tons) and the United States (X tons) were the main destinations of threaded metal articles exports from Japan, with a combined 70% share 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 +17.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for threaded articles of iron or steel exports from Japan, comprising 34% of total exports. The second position in the ranking was held by Thailand ($X), with a 14% share of total exports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-0.8% per year) and the United States (-3.5% per year).

Export Prices by Country

In 2021, the average threaded metal articles export price amounted to $X per ton, dropping by -2.9% against the previous year. Over the period under review, the export price saw a pronounced descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Mexico ($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 India (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Threaded Metal Articles Imports

Imports into Japan

In 2021, supplies from abroad of threaded articles of iron or steel increased by 45% to X tons, rising for the third year in a row after two years of decline. In general, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.1% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, threaded metal articles imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of threaded metal articles imports to Japan, together accounting for 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +42.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Vietnam ($X) constituted the largest threaded metal articles suppliers to Japan, together comprising 70% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +35.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average threaded metal articles import price amounted to $X per ton, with a decrease of -11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 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 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 Switzerland ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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