Northern America: 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 Northern America

The North American market for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X in 2020, remaining constant against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

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

In value terms, iron, steel or aluminium reservoir production dropped slightly to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a slight expansion. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

Production By Country in Northern America

The U.S. (X tons) remains the largest iron, steel or aluminium reservoir producing country in Northern America, comprising approx. X% of total volume. Moreover, iron, steel or aluminium reservoir production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tons), ninefold.

From 2007 to 2020, the average annual growth rate of volume in the U.S. was relatively modest.

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

Exports in Northern America

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported in Northern America reduced to X tons, which is down by -X% on the previous year. In general, exports showed a slight curtailment. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports dropped to $X in 2020. Total exports indicated a modest increase from 2007 to 2020: its value decreased 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. Based on 2020 figures, exports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. was the major exporter of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Northern America, with the volume of exports resulting at X tons, which was near X% of total exports in 2020. It was distantly followed by Canada (X tons), committing a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to iron, steel or aluminium reservoir exports from the U.S. stood at -X%. Canada experienced a relatively flat trend pattern. While the share of Canada (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of the U.S. (-X p.p.) displayed negative dynamics.

In value terms, the U.S. ($X) remains the largest iron, steel or aluminium reservoir supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

In the U.S., iron, steel or aluminium reservoir exports increased at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

In 2020, the export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Northern America amounted to $X per ton, with a decrease of -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 an increase of X% year-to-year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was the U.S. ($X per ton), while Canada stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

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

Imports in Northern America

In 2020, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Northern America soared to X tons, increasing by X% compared with 2019 figures. Total imports indicated a measured expansion 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. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports declined slightly to $X in 2020. Total imports indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of $X. from 2019 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tons) was the major importer of iron, steel or aluminium reservoirs, tanks, vats and similar containers, making up X% of total imports. It was distantly followed by Canada (X tons), generating a X% share of total imports.

The U.S. was also the fastest-growing in terms of the iron, steel or aluminium reservoirs, tanks, vats and similar containers imports, with a CAGR of +X% from 2007 to 2020. Canada experienced a relatively flat trend pattern. From 2007 to 2020, the share of the U.S. increased by +X% percentage points, while Canada (-X p.p.) saw their share reduced.

In value terms, the U.S. ($X) constitutes the largest market for imported iron, steel or aluminium reservoirs, tanks, vats and similar containers in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., iron, steel or aluminium reservoir imports expanded at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

In 2020, the import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Northern America amounted to $X per ton, reducing by -X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

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