Eastern Asia: 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 Eastern Asia

The East Asian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers totaled $X in 2020, standing approx. 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 somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2009 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2010 to 2020, the growth of the market remained at a lower figure.

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

In value terms, iron, steel or aluminium reservoir production totaled $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Production By Country in Eastern Asia

The country with the largest volume of iron, steel or aluminium reservoir production was China (X tons), accounting for X% of total volume. Moreover, iron, steel or aluminium reservoir production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), sevenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in China stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Japan (+X% per year) and South Korea (-X% per year).

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

Exports in Eastern Asia

In 2020, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Eastern Asia expanded slightly to X tons, increasing by X% against 2019 figures. Total exports indicated temperate growth 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 2016 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X% y-o-y. The volume of export peaked in 2020 and is likely to continue growth in years to come.

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% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. The level of export peaked in 2020 and is likely to see steady growth in years to come.

Exports by Country

China was the main exporter of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Eastern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2020. It was distantly followed by South Korea (X tons), achieving a X% share of total exports.

China was also the fastest-growing in terms of the iron, steel or aluminium reservoirs, tanks, vats and similar containers exports, with a CAGR of +X% from 2007 to 2020. South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China increased by +X% percentage points, while South Korea (-X p.p.) saw their share reduced.

In value terms, China ($X) remains the largest iron, steel or aluminium reservoir supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports.

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

Export Prices by Country

The export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Eastern Asia stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the export price showed a mild decline. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2010 to 2020, the growth in terms of the export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

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

Imports in Eastern Asia

Iron, steel or aluminium reservoir imports declined to X tons in 2020, which is down by -X% compared with 2019 figures. In general, imports, however, saw modest growth. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports dropped to $X in 2020. Total imports indicated a tangible increase from 2007 to 2020: its value 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, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, South Korea (X tons) was the main importer of iron, steel or aluminium reservoirs, tanks, vats and similar containers, creating X% of total imports. China (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%) and Taiwan (Chinese) (X%). The following importers - Hong Kong SAR (X tons) and Democratic People's Republic of Korea (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 South Korea, while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

Among the main importing countries, South Korea 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 import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Import price indicated a temperate increase from 2007 to 2020: its price 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, iron, steel or aluminium reservoir import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. The level of import peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was China ($X per ton), while Democratic People's Republic of Korea ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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