Asia: 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 Asia

For the fourth year in a row, the Asian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2009 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level in 2020 and is likely to see steady growth in the immediate term.

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

In value terms, iron, steel or aluminium reservoir production expanded slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. The level of production peaked in 2020 and is likely to see steady growth in years to come.

Production By Country in Asia

The country with the largest volume of iron, steel or aluminium reservoir production was China (X tons), accounting for X% of total volume. Moreover, iron, steel or aluminium reservoir production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. Japan (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China stood at +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Japan (+X% per year).

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

Exports in Asia

In 2020, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Asia stood at X tons, growing by X% on 2019 figures. Total exports indicated a notable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, iron, steel or aluminium reservoir exports stood at $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. The level of export peaked in 2020 and is likely to see steady growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. Thailand (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Turkey (X%) and South Korea (X%). The following exporters - India (X tons), Singapore (X tons) and Malaysia (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Thailand (+X%), Turkey (+X%), Singapore (+X%) and India (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Malaysia (-X%) and South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.), Thailand (+X p.p.) and Turkey (+X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and South Korea saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron, steel or aluminium reservoir supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In China, iron, steel or aluminium reservoir exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: South Korea (-X% per year) and Turkey (+X% per year).

Export Prices by Country

The export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Asia stood at $X per ton in 2020, falling by -X% against the previous year. Over the period under review, the export price recorded a slight slump. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2010 to 2020, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was South Korea ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

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

Imports in Asia

In 2020, overseas purchases of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports shrank to $X in 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2013 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, South Korea (X tons), followed by the Philippines (X tons), China (X tons), Thailand (X tons), Singapore (X tons) and Bangladesh (X tons) represented the largest importers of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together mixing up X% of total imports. The United Arab Emirates (X tons), Indonesia (X tons), Japan (X tons), India (X tons), Turkey (X tons), Vietnam (X tons) and Yemen (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines, while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2020, with a combined X% share of total imports. The United Arab Emirates, Thailand, Vietnam, Turkey, Singapore, India, Indonesia, the Philippines, Bangladesh and Yemen lagged somewhat behind, together comprising a further X Philippines recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Asia stood at $X per ton in 2020, stabilizing at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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