Benelux: Market for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment 2024

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

The Benelux market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment declined markedly to $X in 2022, which is down by -34.6% against the previous year. In general, consumption, however, saw a resilient increase. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced sharply in the following year.

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

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment fell slightly to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value 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, production increased by +3.0% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 49%. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 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 Benelux

In 2022, shipments abroad of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2017 when exports increased by 77%. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment soared to $X in 2022. Over the period under review, exports showed a mild increase. The pace of growth was the most pronounced in 2017 with an increase of 107%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

The Netherlands represented the main exporter of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Benelux, with the volume of exports reaching X tons, which was near 84% of total exports in 2022. It was distantly followed by Belgium (X tons), achieving a 16% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment. Belgium (-14.0%) illustrated a downward trend over the same period. The Netherlands (+29 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -28.8% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment supplier in Benelux, comprising 81% of total exports. The second position in the ranking was held by Belgium ($X), with a 19% share of total exports.

In the Netherlands, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment expanded at an average annual rate of +5.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, with an increase of 35% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% 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 increased by +53.7% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 47%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.8%).

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

Imports in Benelux

In 2022, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Benelux fell markedly to X tons, declining by -79.2% on 2021. Over the period under review, imports showed a mild decline. The most prominent rate of growth was recorded in 2016 with an increase of 117% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports 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 dropped rapidly to $X in 2022. Overall, imports recorded a slight decline. The pace of growth was the most pronounced in 2016 with an increase of 106%. Over the period under review, imports of reached the peak figure at $X in 2021, and then reduced notably in the following year.

Imports by Country

Belgium was the major importer of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Benelux, with the volume of imports accounting for X tons, which was near 61% of total imports in 2022. The Netherlands (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Luxembourg (14%).

Belgium experienced a relatively flat trend pattern with regard to volume of imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment. At the same time, Luxembourg (+6.0%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +6.0% from 2012-2022. By contrast, the Netherlands (-6.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium and Luxembourg increased by +9.2 and +7.2 percentage points, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Benelux, comprising 76% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total imports.

In Belgium, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment expanded at an average annual rate of +3.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (-11.2% per year) and Luxembourg (+4.4% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, with an increase of 5.3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 62% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform