Middle East: 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 the Middle East

The Middle Eastern market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment expanded rapidly to $X in 2022, with an increase of 6.6% against the previous year. Overall, consumption saw prominent growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in the Middle East

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment reduced to $X in 2022 estimated in export price. In general, production posted resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 136%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports in the Middle East

In 2022, the amount of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment exported in the Middle East reduced to X tons, waning by -11.7% on the year before. In general, exports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 100%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment fell to $X in 2022. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 108%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey was the key exporter of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in the Middle East, with the volume of exports amounting to X tons, which was approx. 74% of total exports in 2022. Saudi Arabia (X tons) ranks second in terms of the total exports with a 13% share, followed by Israel (6.9%). The following exporters - Oman (X tons) and the United Arab Emirates (X tons) - each resulted at a 5.6% share of total exports.

Exports from Turkey increased at an average annual rate of +9.0% from 2012 to 2022. At the same time, Israel (+24.8%) and Saudi Arabia (+19.7%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +24.8% from 2012-2022. By contrast, the United Arab Emirates (-13.1%) and Oman (-21.3%) illustrated a downward trend over the same period. Turkey (+34 p.p.), Saudi Arabia (+9.9 p.p.) and Israel (+6 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Oman saw its share reduced by -11.7% and -36% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment supplier in the Middle East, comprising 75% of total exports. The second position in the ranking was held by Israel ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 4.8% share.

In Turkey, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment increased at an average annual rate of +10.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+26.3% per year) and the United Arab Emirates (-6.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, increasing by 5.3% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment increased by +22.2% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 30% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.9%), while the other leaders 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 in the Middle East

In 2022, approx. X tons of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment were imported in the Middle East; with an increase of 5.8% against 2021. Overall, imports, however, continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 332% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment surged to $X in 2022. In general, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 247%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented roughly 70% of total imports in 2022. It was distantly followed by Iraq (X tons) and Oman (X tons), together making up a 17% share of total imports. Yemen (X tons), Israel (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of +16.0%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Oman ($X) constituted the countries with the highest levels of imports in 2022, with a combined 83% share of total imports. Iraq, Israel, Lebanon and Yemen lagged somewhat behind, together accounting for a further 13%.

Lebanon, with a CAGR of +16.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, rising by 37% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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