Asia-Pacific: 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-Pacific

The Asia-Pacific market for iron, steel or aluminium reservoirs, tanks, vats and similar containers totaled $X in 2020, leveling off at the previous year. 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 only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. The level of consumption peaked in 2020 and is likely to continue growth in the immediate term.

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

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

Production By Country in Asia-Pacific

China (X tons) remains the largest iron, steel or aluminium reservoir producing country in Asia-Pacific, 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. The third position in this ranking was occupied by Japan (X tons), with a X% share.

In China, iron, steel or aluminium reservoir production expanded at an average annual rate of +X% over the period from 2007-2020. 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-Pacific

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported in Asia-Pacific rose sharply to X tons, increasing by X% on the previous year. Total exports indicated a tangible increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the near future.

In value terms, iron, steel or aluminium reservoir exports amounted to $X in 2020. The total export 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 in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. The level of export peaked in 2020 and is expected to retain growth in the near future.

Exports by Country

China represented the major exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Thailand (X tons) and South Korea (X tons), together comprising a X% share of total exports. India (X tons), Singapore (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to iron, steel or aluminium reservoir exports from China stood at +X%. At the same time, Thailand (+X%), Singapore (+X%) and India (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, 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.) and Thailand (+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 ($X) remains the largest iron, steel or aluminium reservoir supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-X% per year) and Thailand (+X% per year).

Export Prices by Country

The export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Asia-Pacific stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the export price saw a mild shrinkage. The growth pace was the most rapid in 2009 an increase of X% y-o-y. 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 failed to regain the momentum.

Prices varied noticeably by the country of origin; 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-Pacific

In 2020, purchases abroad 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. The total import volume 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 pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports dropped to $X in 2020. The total import 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 in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, South Korea (X tons), distantly followed by the Philippines (X tons), China (X tons), Thailand (X tons), Singapore (X tons), Bangladesh (X tons), Indonesia (X tons), Australia (X tons), Japan (X tons) and India (X tons) represented the largest importers of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together committing X% of total imports. The following importers - Vietnam (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) - together made up X% of total imports.

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

In value terms, the largest iron, steel or aluminium reservoir importing markets in Asia-Pacific were South Korea ($X), China ($X) and Japan ($X), together comprising X% of total imports. These countries were followed by Australia, Thailand, Vietnam, Singapore, India, Indonesia, the Philippines, Bangladesh, Taiwan (Chinese) and Malaysia, which together accounted for a further X the main importing countries, the Philippines recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2010; however, from 2011 to 2020, import prices stood at a somewhat lower figure.

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