Price for Steel, Alloy; Semi-Finished Products in Japan - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Japan (FOB) - 2023
- Price for Steel, Alloy; Semi-Finished Products in Japan (CIF) - 2023
- Exports of Steel, Alloy; Semi-Finished Products in Japan
- Imports of Steel, Alloy; Semi-Finished Products in Japan
Price for Steel, Alloy; Semi-Finished Products in Japan (FOB) - 2023
In July 2023, the average steel, alloy; semi-finished products export price amounted to $569 per ton, declining by -15.1% against the previous month. In general, the export price recorded a mild reduction. The pace of growth was the most pronounced in June 2023 when the average export price increased by 16% against the previous month. The export price peaked at $683 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($765 per ton), while the average price for exports to China ($418 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 Indonesia (-0.8%), while the prices for the other major destinations experienced a decline.
Price for Steel, Alloy; Semi-Finished Products in Japan (CIF) - 2023
In July 2023, the average steel, alloy; semi-finished products import price amounted to $3,726 per ton, rising by 274% against the previous month. Over the period under review, the import price showed a prominent expansion. The growth pace was the most rapid in December 2022 an increase of 321% month-to-month. The import price peaked in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($21,059 per ton), while the price for China ($2,218 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 South Korea (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Semi-Finished Products in Japan
After three years of growth, shipments abroad of steel, alloy; semi-finished productses decreased by -19.9% to 339K tons in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, the exports reached the peak of 423K tons, and then shrank dramatically in the following year.
In value terms, steel, alloy; semi-finished products exports shrank sharply to $211M in 2022. Over the period under review, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 97% against the previous year. As a result, the exports reached the peak of $270M, and then dropped markedly in the following year.
| Export of Steel, Alloy; Semi-Finished Products in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 45.2 | 31.8 | 123 | 117 | 37.3% |
| China | 23.9 | 36.6 | 77.1 | 54.5 | 31.6% |
| South Korea | 47.0 | 30.7 | 36.6 | 27.6 | -16.3% |
| Taiwan (Chinese) | 4.1 | 10.5 | 3.2 | 4.5 | 3.2% |
| Indonesia | 15.7 | 23.4 | 26.9 | 3.9 | -37.1% |
| Others | 7.8 | 4.2 | 3.7 | 3.0 | -27.3% |
| Total | 144 | 137 | 270 | 211 | 13.6% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Japan in 2022:
- Thailand (170.0K tons)
- China (113.6K tons)
- South Korea (40.7K tons)
- Indonesia (7.1K tons)
- Taiwan (Chinese) (5.8K tons)
Imports of Steel, Alloy; Semi-Finished Products in Japan
In 2022, after two years of decline, there was significant growth in overseas purchases of steel, alloy; semi-finished productses, when their volume increased by 76% to 16K tons. In general, imports, however, showed a deep reduction.
In value terms, steel, alloy; semi-finished products imports soared to $18M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern.
| Import of Steel, Alloy; Semi-Finished Products in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.9 | 11.8 | 10.5 | 11.7 | -7.7% |
| Vietnam | N/A | N/A | N/A | 4.9 | 0% |
| South Korea | 1.2 | 0.8 | 0.3 | 0.6 | -20.6% |
| Russia | 0.5 | N/A | N/A | N/A | 0% |
| Others | 1.7 | 1.9 | 1.5 | 1.0 | -16.2% |
| Total | 18.4 | 14.6 | 12.3 | 18.1 | -0.5% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Japan in 2022:
- China (9.0K tons)
- Vietnam (6.7K tons)
- South Korea (0.2K tons)
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