United Kingdom: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in the UK

The UK market for iron, steel or aluminium reservoirs, tanks, vats and similar containers totaled $X in 2020, growing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. Iron, steel or aluminium reservoir consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in the UK

In value terms, iron, steel or aluminium reservoir production declined modestly to $X in 2020 estimated in export prices. Over the period under review, production saw a perceptible decrease. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from the UK

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were exported from the UK; shrinking by -X% on 2019 figures. Overall, exports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Exports peaked at X tons in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports rose to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Ireland (X tons), Malaysia (X tons) and the Netherlands (X tons) were the main destinations of iron, steel or aluminium reservoir exports from the UK, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from the UK were Germany ($X), the Netherlands ($X) and the U.S. ($X), together accounting for X% of total exports. These countries were followed by Malaysia, Ireland, France, Italy, Norway, Saudi Arabia, China, Sweden, Australia and Singapore, which together accounted for a further X saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, increasing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Germany ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into the UK

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into the UK; declining by -X% on the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports contracted significantly to $X in 2020. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2015 to 2020, the growth imports failed to regain the momentum.

Imports by Country

China (X tons), Turkey (X tons) and Portugal (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to the UK, together accounting for X% of total imports. Germany, France, Poland, the Czech Republic, Italy, Austria, Thailand, Belgium and the Netherlands lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Portugal ($X) constituted the largest iron, steel or aluminium reservoir suppliers to the UK, together accounting for X% of total imports. These countries were followed by Turkey, China, Italy, Poland, the Czech Republic, Belgium, Austria, the Netherlands and Thailand, which together accounted for a further X recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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