Asia-Pacific: 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-Pacific

The Asia-Pacific market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment declined to $X in 2022, reducing by -3.7% against the previous year. Over the period under review, consumption, however, enjoyed a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment shrank modestly to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The most prominent rate of growth was recorded 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 failed to regain momentum.

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

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas shipments of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment, when their volume decreased by -19.1% to X tons. Over the period under review, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 164% against the previous year. The volume of export peaked at X tons in 2021, and then fell rapidly 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 declined to $X in 2022. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 87% against the previous year. The level of export peaked at $X in 2021, and then contracted 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-Pacific, with the volume of exports recording X tons, which was near 55% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons), together creating a 40% share of total exports. Thailand (X tons) held a relatively small 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%), 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-Pacific, with a CAGR of +129.4% from 2012-2022. While the share of China (+30 p.p.), Hong Kong SAR (+18 p.p.) and Taiwan (Chinese) (+9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-2.1 p.p.) and South Korea (-9 p.p.) displayed negative dynamics.

In value terms, China ($X) emerged as the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment supplier in Asia-Pacific, comprising 55% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 25% share of total exports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +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

The export price in Asia-Pacific stood at $X per ton in 2022, rising by 17% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 46%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 mixed trends in the export price figures.

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

Imports in Asia-Pacific

In 2022, purchases abroad of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment decreased by -49.8% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a mild decline. The pace of growth was the most pronounced in 2020 with an increase of 171%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment contracted significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 72%. 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) were the major importers of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment, together comprising 78% of total imports. The following importers - Malaysia (X tons), South Korea (X tons), Australia (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) - together made up 16% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +141.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment importing markets in Asia-Pacific were India ($X), Hong Kong SAR ($X) and China ($X), with a combined 60% share of total imports.

Hong Kong SAR, with a CAGR of +151.3%, 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, growing by 24% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +26.0% against 2020 indices. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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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