Japan - Hot-Rolled Bars Of High Speed Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled High Speed Steel Bar in Japan - 2023
Contents:
- Price for Hot-Rolled High Speed Steel Bar in Japan (FOB) - 2023
- Price for Hot-Rolled High Speed Steel Bar in Japan (CIF) - 2023
- Exports of Hot-Rolled High Speed Steel Bar in Japan
- Imports of Hot-Rolled High Speed Steel Bar in Japan
Price for Hot-Rolled High Speed Steel Bar in Japan (FOB) - 2023
The average export price for hot-rolled bars of high speed steel stood at $15,777 per ton in July 2023, rising by 4% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 15% against the previous month. As a result, the export price attained the peak level of $17,097 per ton. From January 2023 to July 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Mexico ($22,357 per ton), while the average price for exports to South Korea ($11,316 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hot-Rolled High Speed Steel Bar in Japan (CIF) - 2023
In July 2023, the average import price for hot-rolled bars of high speed steel amounted to $30,179 per ton, rising by 33% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Sweden ($35,844 per ton), while the price for China ($27,329 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sweden (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hot-Rolled High Speed Steel Bar in Japan
In 2022, the amount of hot-rolled bars of high speed steel exported from Japan reached 3.4K tons, with an increase of 3.5% against 2021 figures. The total export volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, hot-rolled high speed steel bar exports skyrocketed to $51M in 2022. The total export value increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled High Speed Steel Bar in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 9.2 | 9.4 | 11.5 | 13.6 | 13.9% |
| South Korea | 7.4 | 6.7 | 8.1 | 11.7 | 16.5% |
| China | 8.8 | 11.7 | 13.9 | 11.3 | 8.7% |
| United States | 4.3 | 3.2 | 2.3 | 4.3 | 0.0% |
| Singapore | 4.9 | 1.6 | 1.8 | 3.1 | -14.2% |
| Thailand | 1.3 | 0.9 | 2.7 | 2.2 | 19.2% |
| India | 1.2 | 0.8 | 0.9 | 1.6 | 10.1% |
| Vietnam | 2.7 | 0.3 | 0.3 | 1.1 | -25.9% |
| Others | 1.8 | 1.8 | 0.8 | 1.8 | 0.0% |
| Total | 41.7 | 36.2 | 42.2 | 50.7 | 6.7% |
Top Export Markets for Hot-Rolled High Speed Steel Bar from Japan in 2022:
- Taiwan (Chinese) (942.8 tons)
- South Korea (925.0 tons)
- China (624.4 tons)
- United States (284.1 tons)
- Singapore (188.0 tons)
- Thailand (158.7 tons)
- India (109.8 tons)
- Vietnam (59.0 tons)
Imports of Hot-Rolled High Speed Steel Bar in Japan
In 2022, after two years of decline, there was significant growth in supplies from abroad of hot-rolled bars of high speed steel, when their volume increased by 36% to 769 tons. Over the period under review, imports, however, showed a relatively flat trend pattern.
In value terms, hot-rolled high speed steel bar imports soared to $16M in 2022. Overall, total imports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hot-Rolled High Speed Steel Bar in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 7.0 | 4.5 | 5.7 | 8.9 | 8.3% |
| France | 4.7 | 4.0 | 2.5 | 4.7 | 0.0% |
| Austria | 1.7 | 0.7 | 0.7 | 1.3 | -8.6% |
| United States | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| China | 0.4 | 0.1 | 0.1 | 0.3 | -9.1% |
| Taiwan (Chinese) | 0.3 | 0.1 | 0.3 | 0.1 | -30.7% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 14.6 | 9.8 | 9.4 | 15.8 | 2.7% |
Top Suppliers of Hot-Rolled High Speed Steel Bar to Japan in 2022:
- Sweden (445.6 tons)
- France (205.3 tons)
- Austria (78.6 tons)
- United States (15.4 tons)
- China (10.4 tons)
- Taiwan (Chinese) (6.6 tons)
This report provides an in-depth analysis of the market for hot-rolled high speed steel bar in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106610 - Hot-rolled bars of high speed steel
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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