Latin America and the Caribbean: 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 Latin America and the Caribbean

After three years of growth, the Latin American 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% over the period from 2007 to 2020; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The level of consumption peaked at $X in 2019, and then fell modestly in the following year.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Latin America and the Caribbean

In value terms, iron, steel or aluminium reservoir production reached $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 indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level in 2020 and is likely to continue growth in the near future.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of iron, steel or aluminium reservoir production in 2020 were Brazil (X tons), Mexico (X tons) and Argentina (X tons), together comprising X% of total production.

From 2007 to 2020, the most notable rate of growth in terms of iron, steel or aluminium reservoir production, amongst the key producing countries, was attained by Mexico, while iron, steel or aluminium reservoir production for the other leaders experienced more modest paces of growth.

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

Exports in Latin America and the Caribbean

In 2020, after three years of growth, there was significant decline in shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by -X% to X tons. Over the period under review, exports showed a slight slump. The most prominent rate of growth was recorded in 2011 when exports increased by 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 contracted dramatically to $X in 2020. Overall, exports recorded a pronounced decrease. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Mexico was the key exporter of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Latin America and the Caribbean, with the volume of exports reaching X tons, which was near X% of total exports in 2020. It was distantly followed by Brazil (X tons), mixing up a X% share of total exports. The following exporters - El Salvador (X tons), Guatemala (X tons) and Argentina (X tons) - together made up X% of total exports.

From 2007 to 2020, average annual rates of growth with regard to iron, steel or aluminium reservoir exports from Mexico stood at +X%. At the same time, El Salvador (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Brazil (-X%) and Argentina (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), El Salvador (+X p.p.) and Guatemala (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Argentina (-X p.p.) and Brazil (-X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest iron, steel or aluminium reservoir supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

In Mexico, iron, steel or aluminium reservoir exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and Argentina (-X% per year).

Export Prices by Country

In 2020, the export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Latin America and the Caribbean amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Argentina ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by El Salvador, while the other leaders experienced more modest paces of growth.

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

Imports in Latin America and the Caribbean

In 2020, after four years of growth, there was significant decline in purchases abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by -X% to X tons. Total imports indicated a pronounced increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports contracted to $X in 2020. Total imports indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

Mexico was the largest importing country with an import of around X tons, which resulted at X% of total imports. Peru (X tons) held an X% share (based on tons) of total imports, which put it in second place, followed by Chile (X%) and Brazil (X%). Colombia (X tons), Guatemala (X tons), El Salvador (X tons), Honduras (X tons), Argentina (X tons), Trinidad and Tobago (X tons), the Dominican Republic (X tons), Ecuador (X tons) and Nicaragua (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +X% from 2007 to 2020. At the same time, Peru (+X%), Honduras (+X%), El Salvador (+X%), Ecuador (+X%), Nicaragua (+X%), Trinidad and Tobago (+X%), Guatemala (+X%), Chile (+X%), Brazil (+X%), the Dominican Republic (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Colombia (-X%) illustrated a downward trend over the same period. While the share of Peru (+X p.p.), Honduras (+X p.p.) and El Salvador (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Mexico (-X p.p.) and Colombia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported iron, steel or aluminium reservoirs, tanks, vats and similar containers in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Mexico amounted to +X%. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Peru (+X% per year).

Import Prices by Country

In 2020, the import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Latin America and the Caribbean amounted to $X per ton, dropping by -X% against the previous year. In general, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in 2008 when the import price increased by X% y-o-y. Over the period under review, import prices attained the peak figure at $X per ton in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Brazil ($X per ton), while Honduras ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :