Northern America: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2025

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Northern America

The North American market for aluminium casks, drums, cans, boxes and similar containers shrank dramatically to $X in 2022, with a decrease of -17.9% against the previous year. Overall, consumption, however, saw a strong expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Northern America

In value terms, production of aluminium casks, drums, cans, boxes and similar containers shrank to $X in 2022 estimated in export price. In general, production, however, saw strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 38% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports in Northern America

In 2022, overseas shipments of aluminium casks, drums, cans, boxes and similar containers increased by 11% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 101% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers skyrocketed to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.2% against 2018 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 22% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

The United States dominates containers structure, recording X units, which was near 96% of total exports in 2022. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the aluminium casks, drums, cans, boxes and similar containers exports, with a CAGR of +14.3% from 2012 to 2022. Canada (-5.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +18 percentage points.

In value terms, the United States ($X) remains the largest aluminium cask, drum, can, box and similar container supplier in Northern America, comprising 93% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +7.7%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, growing by 7.8% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.2%).

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports in Northern America

In 2022, after six years of growth, there was significant decline in purchases abroad of aluminium casks, drums, cans, boxes and similar containers, when their volume decreased by -47.1% to X units. Overall, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 132% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2021, and then declined notably in the following year.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers fell dramatically to $X in 2022. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 83% against the previous year. The level of import peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

The United States represented the largest importer of aluminium casks, drums, cans, boxes and similar containers in Northern America, with the volume of imports reaching X units, which was near 72% of total imports in 2022. It was distantly followed by Canada (X units), comprising a 28% share of total imports.

The United States was also the fastest-growing in terms of the aluminium casks, drums, cans, boxes and similar containers imports, with a CAGR of +20.6% from 2012 to 2022. At the same time, Canada (+8.2%) displayed positive paces of growth. While the share of the United States (+25 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-25.4 p.p.) displayed negative dynamics.

In value terms, the largest aluminium cask, drum, can, box and similar container importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of +13.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, jumping by 43% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.4%).

Source: IndexBox Platform