India: Market for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment 2025

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

The Indian market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment surged to $X in 2022, rising by 42% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate buoyant growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

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

Exports from India

In 2022, the amount of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment exported from India fell significantly to X tons, which is down by -59.7% on 2021 figures. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 221%. As a result, the exports attained the peak of X tons, and then fell notably in the following year.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment reduced remarkably to $X in 2022. Over the period under review, exports, however, recorded notable growth. The most prominent rate of growth was recorded in 2021 with an increase of 989% against the previous year. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

Indonesia (X tons), Bangladesh (X tons) and the United States (X tons) were the main destinations of exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment from India, together accounting for 86% of total exports. Australia, Nepal and the United Arab Emirates lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +92.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the key foreign market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment exports from India, comprising 64% of total exports. The second position in the ranking was held by the United States ($X), with a 23% share of total exports. It was followed by Australia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.5% per year) and Australia (+96.3% per year).

Export Prices by Country

The average export price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment stood at $X per ton in 2022, shrinking by -36.8% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 239% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into India

In 2022, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment into India surged to X tons, jumping by 42% compared with the year before. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 354%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment soared to $X in 2022. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 172% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment supplier to India, with a 50% share of total imports. Moreover, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+84.9% per year) and Germany (+20.2% per year).

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) were the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment suppliers to India, with a combined 91% share of total imports.

Belgium, with a CAGR of +76.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, with a decrease of -6.6% against the previous year. Overall, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 72%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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