Japan: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Japan

The Japanese iron and steel wire market contracted to $X in 2020, with a decrease of -X% against the previous year. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Japan

In value terms, iron and steel wire production reduced modestly to $X in 2020 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Japan

In 2020, overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. from 2011 to 2020, the growth exports remained at a lower figure.

In value terms, iron and steel wire exports shrank remarkably to $X in 2020. In general, exports recorded a mild descent. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Thailand (X tons) and the U.S. (X tons) were the main destinations of iron and steel wire exports from Japan, with a combined X% share of total exports. Vietnam, Indonesia, Taiwan (Chinese), Romania, Mexico, South Korea, India, the Czech Republic, Malaysia and Brazil lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Romania (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel wire exported from Japan were China ($X), Thailand ($X) and the U.S. ($X), together accounting for X% of total exports. These countries were followed by South Korea, Taiwan (Chinese), Indonesia, India, Vietnam, Mexico, Romania, Brazil, Malaysia and the Czech Republic, which together accounted for a further X the main countries of destination, Romania 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 iron and steel wire export price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Japan

After four years of growth, supplies from abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons in 2020. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tons in 2019, and then reduced dramatically in the following year.

In value terms, iron and steel wire imports declined rapidly to $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

South Korea (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of iron and steel wire imports to Japan, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam, while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest iron and steel wire suppliers to Japan, together comprising X% of total imports. Vietnam, Thailand and South Africa lagged somewhat behind, together accounting for a further X the main suppliers, Vietnam recorded the highest growth rate of 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 2020, the average iron and steel wire import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Thailand ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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