Brazil: 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 Brazil

After three years of growth, the Brazilian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to $X in 2020. The market 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 most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Iron, steel or aluminium reservoir consumption peaked at $X in 2019, and then fell slightly in the following year.

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

In value terms, iron, steel or aluminium reservoir production rose slightly 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 in certain years. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

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

Exports from Brazil

For the fourth consecutive year, Brazil recorded decline in shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, which decreased by -X% to X tons in 2020. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports contracted to $X in 2020. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for iron, steel or aluminium reservoir exports from Brazil, accounting for a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Indonesia exceeded the volume sent to the second major destination, the U.S. (X tons), twofold. The third position in this ranking was occupied by Singapore (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Indonesia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Singapore (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for iron, steel or aluminium reservoir exports from Brazil, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Singapore (+X% per year).

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the average price for exports to South Korea ($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 the U.S., while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Brazil

In 2020, iron, steel or aluminium reservoir imports into Brazil surged to X tons, with an increase of X% on 2019 figures. In general, imports saw a notable expansion. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Imports peaked at X tons in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports surged to $X in 2020. Over the period under review, imports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

China (X tons), the U.S. (X tons) and Germany (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Brazil, with a combined X% share of total imports. Spain, Austria, India and Poland lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X) and Germany ($X) were the largest iron, steel or aluminium reservoir suppliers to Brazil, with a combined X% share of total imports. Spain, Austria, India and Poland lagged somewhat behind, together accounting for a further X terms of the main suppliers, Poland (+X% per year) saw 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 average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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