Report Update: Nov 1, 2024

U.S. - Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers - Market Analysis, Forecast, Size, Trends and Insights

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Iron, Steel Or Aluminium Reservoir Prices in the United States

U.S. Iron, Steel Or Aluminium Reservoir Import Price per Ton in August 2022

In August 2022, the iron, steel or aluminium reservoir price per ton stood at $84.0K (CIF, US), surging by 12% against the previous month. Overall, import price indicated a buoyant expansion from January 2022 to August 2022: its price increased at an average monthly rate of +6.6% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, iron, steel or aluminium reservoir import price increased by +85.7% against April 2022 indices. The pace of growth appeared the most rapid in June 2022 an increase of 38% month-to-month. Over the period under review, average import prices attained the maximum in August 2022.

There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was Germany ($616.7K per ton), while the price for Vietnam ($26.8K per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Germany (+72.1%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Iron, Steel Or Aluminium Reservoir Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was reservoirs, tanks, vats and similar containers, of iron or steel, capacity exceeding 300l, whether or not lined or heat insulated ($401.7K per ton), while the price for containers for compressed or liquefied gas, of iron or steel amounted to $54.3K per ton.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by containers for compressed or liquefied gas, of aluminium (+7.9%), while the prices for the other product experienced more modest paces of growth.

U.S. Iron, Steel Or Aluminium Reservoir Imports

In August 2022, overseas purchases of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by 0.5% to 1.3K tons, rising for the second consecutive month after two months of decline. Over the period under review, imports, however, saw a slight slump. The pace of growth appeared the most rapid in March 2022 with an increase of 41% m-o-m.

In value terms, iron, steel or aluminium reservoir imports expanded markedly to $112M (IndexBox estimates) in August 2022. The total import value increased at an average monthly rate of +5.5% from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth was the most pronounced in March 2022 with an increase of 29% against the previous month. As a result, imports attained the peak of $127M. From April 2022 to August 2022, the growth of imports remained at a lower figure.

U.S. Iron, Steel Or Aluminium Reservoir Imports by Type

In August 2022, containers for compressed or liquefied gas, of iron or steel (988 tons) constituted the largest type of iron, steel or aluminium reservoir supplied to the United States, accounting for a 88% share of total imports. Moreover, containers for compressed or liquefied gas, of iron or steel exceeded the figures recorded for the second-largest type, reservoirs, tanks, vats and similar containers, of iron or steel, capacity exceeding 300l, whether or not lined or heat insulated (133 tons), sevenfold.

From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of containers for compressed or liquefied gas, of iron or steel was relatively modest.

In value terms, the most traded types of iron, steel or aluminium reservoirs, tanks, vats and similar containers in the United States were containers for compressed or liquefied gas, of iron or steel ($54M) and reservoirs, tanks, vats and similar containers, of iron or steel, capacity exceeding 300l, whether or not lined or heat insulated ($53M).

U.S. Iron, Steel Or Aluminium Reservoir Imports by Country

China (386 tons), Thailand (207 tons) and India (179 tons) were the main suppliers of iron, steel or aluminium reservoir imports to the United States, together accounting for 58% of total imports. Vietnam, Taiwan (Chinese), Canada, Italy, Portugal and Germany lagged somewhat behind, together comprising a further 34%.

From January 2022 to August 2022, the biggest increases were in Canada (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($21M), China ($15M) and India ($6.4M) were the largest iron, steel or aluminium reservoir suppliers to the United States, with a combined 38% share of total imports. These countries were followed by Thailand, Italy, Germany, Portugal, Vietnam and Taiwan (Chinese), which together accounted for a further 24%.

In terms of the main suppliers, Portugal, with a CAGR of +19.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron, steel or aluminium reservoir in the U.S.. 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 2025.

Product coverage:

Prodcom 25291110 - Iron or steel reservoirs, tanks, vats and similar containers for gases, of a capacity > .300 litres (excluding compressed or liquefied gas, fitted with mechanical or thermal equipment)
Prodcom 25291120 - Iron or steel reservoirs, tanks, vats and similar containers lined or heat-insulated, for liquids, of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment)
Prodcom 25291130 - Iron or steel reservoirs, tanks, vats and similar containers for liquids, of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment, lined or heat insulated)
Prodcom 25291150 - Iron or steel reservoirs, tanks, vats and similar containers for solids, of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment)
Prodcom 25291170 - Aluminium reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment)
Prodcom 25291200 - Containers for compressed or liquefied gas, of metal

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023