Belgium: 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 Belgium

In 2020, the Belgian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. Overall, consumption, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

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

In value terms, iron, steel or aluminium reservoir production rose sharply to $X in 2020 estimated in export prices. Over the period under review, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Iron, steel or aluminium reservoir production peaked at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

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

Exports from Belgium

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported from Belgium dropped rapidly to X tons, with a decrease of -X% on the previous year's figure. Over the period under review, exports showed a slight setback. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tons in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports dropped dramatically to $X in 2020. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Belgium, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Russia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and the Netherlands ($X) were the largest markets for iron, steel or aluminium reservoir exported from Belgium worldwide, together comprising X% of total exports.

Russia recorded 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, surging by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2010; however, from 2011 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was China ($X per ton), while the average price for exports to Japan ($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 France, 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 Belgium

For the third year in a row, Belgium recorded decline in purchases abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, which decreased by -X% to X tons in 2020. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports reduced notably to $X in 2020. Overall, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), the Netherlands (X tons) and the Czech Republic (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Belgium, together accounting for X% of total imports. These countries were followed by Germany, Poland, Portugal, Spain, Turkey, China, Luxembourg, Estonia, Italy and the United Arab Emirates, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Belgium were France ($X), the Czech Republic ($X) and Germany ($X), together accounting for X% of total imports. These countries were followed by the Netherlands, Portugal, Poland, Italy, Estonia, Spain, China, Turkey, Luxembourg and the United Arab Emirates, which together accounted for a further X terms of the main suppliers, Estonia recorded the highest rates of growth with regard to 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

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, waning by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :