Japan: Unwrought Zinc Alloys Market 2024

Unwrought Zinc Alloys Market Size in Japan

The Japanese unwrought zinc alloys market expanded rapidly to $X in 2022, increasing by 6.8% against the previous year. In general, consumption posted moderate growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Unwrought Zinc Alloys Production in Japan

In value terms, unwrought zinc alloys production expanded notably to $X in 2022 estimated in export price. In general, production enjoyed a tangible increase. The pace of growth was the most pronounced in 2017 with an increase of 46% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Unwrought Zinc Alloys Exports

Exports from Japan

In 2022, overseas shipments of unwrought zinc alloys increased by 16% to X tons, rising for the second year in a row after three years of decline. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, unwrought zinc alloys exports skyrocketed to $X in 2022. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

China (X tons) was the main destination for unwrought zinc alloys exports from Japan, accounting for a 45% share of total exports. Moreover, unwrought zinc alloys exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. Thailand (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-6.3% per year) and Thailand (+19.8% per year).

In value terms, China ($X) remains the key foreign market for unwrought zinc alloys exports from Japan, comprising 41% of total exports. The second position in the ranking was held by Thailand ($X), with a 17% share of total exports. It was followed by Hong Kong SAR, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+26.4% per year) and Hong Kong SAR (-0.7% per year).

Export Prices by Country

In 2022, the average unwrought zinc alloys export price amounted to $X per ton, picking up by 10% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought zinc alloys export price increased by +38.1% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 35% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($X per ton) and Indonesia ($X per ton), while the average price for exports to China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Zinc Alloys Imports

Imports into Japan

Unwrought zinc alloys imports into Japan amounted to X tons in 2022, stabilizing at the year before. In general, imports, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 66% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, unwrought zinc alloys imports expanded significantly to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 78% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest unwrought zinc alloys supplier to Japan, with a 78% share of total imports. Moreover, unwrought zinc alloys imports from Vietnam exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), ninefold. Belgium (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam totaled +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+20.8% per year) and Belgium (0.0% per year).

In value terms, Vietnam ($X) constituted the largest supplier of unwrought zinc alloys to Japan, comprising 75% of total imports. The second position in the ranking was taken by Belgium ($X), with a 7.6% share of total imports. It was followed by Indonesia, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam totaled +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (0.0% per year) and Indonesia (+27.2% per year).

Import Prices by Country

In 2022, the average unwrought zinc alloys import price amounted to $X per ton, increasing by 9.5% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought zinc alloys import price increased by +65.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 51%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :