Indonesia: 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 Indonesia

For the fourth year in a row, the Indonesian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 when the market value increased by X% year-to-year. Iron, steel or aluminium reservoir consumption peaked in 2020 and is likely to see steady growth in years to come.

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

In value terms, iron, steel or aluminium reservoir production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production showed a temperate increase. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in the immediate term.

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

Exports from Indonesia

Iron, steel or aluminium reservoir exports from Indonesia contracted remarkably to X tons in 2020, dropping by -X% compared with 2019. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. from 2012 to 2020, the growth exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports declined significantly to $X in 2020. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2012 to 2020, the growth exports failed to regain the momentum.

Exports by Country

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

From 2007 to 2020, the average annual growth rate of volume to Singapore totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-X% per year) and South Korea (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Singapore 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 South Korea (+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, picking up by X% against the previous year. Over the period under review, the export price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Singapore ($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 South Korea, 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 Indonesia

In 2020, iron, steel or aluminium reservoir imports into Indonesia fell to X tons, with a decrease of -X% against 2019. Over the period under review, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports reached $X in 2020. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest iron, steel or aluminium reservoir supplier to Indonesia, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Singapore (-X% per year).

In value terms, China ($X) constituted the largest supplier of iron, steel or aluminium reservoir to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Italy (+X% per year).

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 last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2020.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :