Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Japan - 2023

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Japan (CIF) - 2023
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Japan (FOB) - 2023
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Japan
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Japan

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Japan (CIF) - 2023

In November 2023, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $12,170 per ton, dropping by -8.2% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 13% m-o-m. Over the period under review, average import prices reached the maximum at $13,970 per ton in March 2023; however, from April 2023 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($48,218 per ton), while the price for the Netherlands ($5,622 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 Taiwan (Chinese) (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Japan (FOB) - 2023

In November 2023, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $40,099 per ton, increasing by 6.7% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 30% m-o-m. Over the period under review, the average export prices attained the peak figure at $52,659 per ton in January 2023; however, from February 2023 to November 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($235K per ton), while the average price for exports to Malaysia ($8,086 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Japan

In 2022, approx. 7.5K tons of tubing; flexible, with or without fittings, of base metals were imported into Japan; growing by 7% against 2021 figures. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of tubing; flexible, with or without fittings, of base metals expanded markedly to $96M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Japan in 2022:

1. China (3391.6 tons)
2. Vietnam (1553.7 tons)
3. South Korea (1159.5 tons)
4. Netherlands (496.1 tons)
5. Turkey (263.9 tons)
6. Taiwan (Chinese) (172.4 tons)
7. Germany (142.7 tons)
8. United States (126.1 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Japan

In 2022, the amount of tubing; flexible, with or without fittings, of base metals exported from Japan contracted to 1.4K tons, which is down by -6% compared with the year before. The total export volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, the exports reached the peak of 1.5K tons, and then shrank in the following year.

In value terms, exports of tubing; flexible, with or without fittings, of base metals fell to $53M in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 7.6%. As a result, the exports reached the peak of $54M, leveling off in the following year.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Japan in 2022:

1. China (279.7 tons)
2. Germany (157.4 tons)
3. Thailand (117.6 tons)
4. Indonesia (96.7 tons)
5. Taiwan (Chinese) (83.3 tons)
6. Singapore (80.6 tons)
7. South Korea (79.0 tons)
8. Vietnam (78.8 tons)
9. Philippines (60.4 tons)
10. United States (45.8 tons)
11. France (43.2 tons)
12. Netherlands (42.9 tons)
13. Malaysia (41.7 tons)

Source: IndexBox Market Intelligence Platform