Northern America: 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 Northern America

The North American market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment expanded markedly to $X in 2022, picking up by 5.1% against the previous year. Overall, consumption saw a remarkable increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment rose markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate strong growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 59%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 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 Northern America

In 2022, shipments abroad of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment increased by 5.2% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 30%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment reduced modestly to $X in 2022. In general, exports, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 35% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United States (X tons) was the major exporter of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment, mixing up 80% of total exports. It was distantly followed by Canada (X tons), comprising a 20% share of total exports.

Exports from the United States decreased at an average annual rate of -9.0% from 2012 to 2022. At the same time, Canada (+5.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.2% from 2012-2022. From 2012 to 2022, the share of Canada increased by +15 percentage points.

In value terms, the United States ($X) remains the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment supplier in Northern America, comprising 85% of total exports. The second position in the ranking was held by Canada ($X), with a 15% share of total exports.

In the United States, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment plunged by an average annual rate of -4.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, falling by -6.9% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 +45.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 33%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%).

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

Imports in Northern America

In 2022, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Northern America soared to X tons, surging by 21% against the previous year. In general, imports, however, recorded a pronounced curtailment. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment rose notably to $X in 2022. Over the period under review, imports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Canada was the largest importing country with an import of about X tons, which amounted to 63% of total imports. It was distantly followed by the United States (X tons), making up a 36% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +5.9%).

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the United States, with a CAGR of +9.2%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, dropping by -6.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 13%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.1%).

Source: IndexBox Platform

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