Asia: Market for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment 2025

Market Size for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Asia

The Asian market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment contracted slightly to $X in 2022, leveling off at the previous year. In general, consumption, however, recorded a strong expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Asia

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment declined modestly to $X in 2022 estimated in export price. Overall, production, however, posted a resilient expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 67% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Exports in Asia

In 2022, after five years of growth, there was significant decline in shipments abroad of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment, when their volume decreased by -18.4% to X tons. Overall, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 113% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then fell notably in the following year.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment shrank to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 73%. Over the period under review, the exports of reached the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

China represented the largest exporter of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Asia, with the volume of exports reaching X tons, which was near 48% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), Taiwan (Chinese) (X tons), Turkey (X tons) and South Korea (X tons), together creating a 43% share of total exports. The following exporters - Kazakhstan (X tons) and Thailand (X tons) - each resulted at a 3.9% share of total exports.

Exports from China increased at an average annual rate of +21.6% from 2012 to 2022. At the same time, Hong Kong SAR (+129.4%), Taiwan (Chinese) (+24.5%), Turkey (+9.0%), Kazakhstan (+8.0%), Thailand (+4.8%) and South Korea (+3.6%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia, with a CAGR of +129.4% from 2012-2022. While the share of China (+29 p.p.), Hong Kong SAR (+16 p.p.) and Taiwan (Chinese) (+8.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) emerged as the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment supplier in Asia, comprising 50% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 23% share of total exports. It was followed by Hong Kong SAR, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +28.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+25.1% per year) and Hong Kong SAR (+128.1% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, jumping by 16% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment decreased by -1.2% against 2019 indices. The pace of growth was the most pronounced in 2019 when the export price increased by 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the other leaders experienced more modest paces of growth.

Imports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Imports in Asia

In 2022, purchases abroad of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment decreased by -49.2% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 185%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment reduced rapidly to $X in 2022. Over the period under review, imports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 83%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons), distantly followed by India (X tons), China (X tons), Thailand (X tons), Japan (X tons) and Vietnam (X tons) represented the main importers of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment, together comprising 76% of total imports. Malaysia (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hong Kong SAR (with a CAGR of +141.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Hong Kong SAR ($X) and China ($X) were the countries with the highest levels of imports in 2022, with a combined 60% share of total imports.

Hong Kong SAR, with a CAGR of +151.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, picking up by 24% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment increased by +25.5% against 2020 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 29% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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