Price for Zinc; Bars, Rods, Profiles and Wire in Japan - 2023
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in Japan (CIF) - 2023
- Price for Zinc; Bars, Rods, Profiles and Wire in Japan (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in Japan
- Exports of Zinc; Bars, Rods, Profiles and Wire in Japan
Price for Zinc; Bars, Rods, Profiles and Wire in Japan (CIF) - 2023
In November 2023, the average import price for zinc; bars, rods, profiles and wires amounted to $4,045 per ton, rising by 13% against the previous month. Over the period under review, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 26% m-o-m. As a result, import price attained the peak level of $5,501 per ton. From April 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was Belgium ($5,324 per ton), while the price for South Korea ($3,791 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (-0.8%), while the prices for the other major suppliers experienced a decline.
Price for Zinc; Bars, Rods, Profiles and Wire in Japan (FOB) - 2022
The average export price for zinc; bars, rods, profiles and wires stood at $5,544 per ton in 2022, growing by 16% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for zinc; bars, rods, profiles and wires increased by +27.9% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 27%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($6,121 per ton), while the average price for exports to the Philippines ($2,896 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Zinc; Bars, Rods, Profiles and Wire in Japan
In 2022, imports of zinc; bars, rods, profiles and wires into Japan soared to 616 tons, growing by 16% against 2021. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of zinc; bars, rods, profiles and wires skyrocketed to $3.2M in 2022. The total import value increased at an average annual rate of +12.0% over the period from 2019 to 2022; the trend pattern 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 Zinc; Bars, Rods, Profiles and Wire in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,746 | 1,591 | 1,469 | 2,187 | 7.8% |
| South Korea | 299 | 333 | 681 | 755 | 36.2% |
| Belgium | 235 | 397 | 270 | 254 | 2.6% |
| Others | 10.6 | 2.6 | 26.8 | 19.8 | 23.2% |
| Total | 2,291 | 2,323 | 2,447 | 3,216 | 12.0% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Japan in 2022:
- China (403.0 tons)
- South Korea (163.9 tons)
- Belgium (47.0 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in Japan
In 2022, the amount of zinc; bars, rods, profiles and wires exported from Japan declined dramatically to 213 tons, which is down by -18% on 2021 figures. Overall, exports saw a abrupt downturn. The smallest decline of -5% was in 2020.
In value terms, exports of zinc; bars, rods, profiles and wires fell slightly to $1.2M in 2022. In general, exports saw a abrupt downturn.
| Export of Zinc; Bars, Rods, Profiles and Wire in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 305 | 291 | 255 | 339 | 3.6% |
| China | 339 | 345 | 378 | 276 | -6.6% |
| Malaysia | 87.8 | 77.9 | 69.5 | 179 | 26.8% |
| India | 648 | 572 | 272 | 120 | -43.0% |
| Indonesia | 127 | 91.6 | 158 | 109 | -5.0% |
| Philippines | 53.7 | 57.5 | 28.7 | 23.2 | -24.4% |
| United Kingdom | 194 | N/A | N/A | N/A | 0% |
| Others | 82.8 | 47.0 | 74.9 | 132 | 16.8% |
| Total | 1,838 | 1,482 | 1,237 | 1,178 | -13.8% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Japan in 2022:
- Thailand (74.8 tons)
- China (46.5 tons)
- Malaysia (32.7 tons)
- Indonesia (22.1 tons)
- India (19.7 tons)
- Philippines (8.0 tons)
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