Saudi Arabia: Market for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment 2024

Market Size for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Saudi Arabia

In 2022, after three years of decline, there was significant decline in the Saudi market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment, when its value decreased by -25.2% to $X. In general, consumption recorded a perceptible increase. Consumption of peaked at $X in 2018; however, from 2019 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 Saudi Arabia

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment reached $X in 2022 estimated in export price. Over the period under review, production showed a strong increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 68%. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

Exports from Saudi Arabia

In 2022, approx. X tons of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment were exported from Saudi Arabia; rising by 145% on 2021. Overall, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 1,876% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment surged to $X in 2022. In general, exports saw a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 2,048% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons) was the main destination for exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment from Saudi Arabia, with a approx. 50% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment exports from Saudi Arabia.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Export Prices by Country

The average export price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment stood at $X per ton in 2022, shrinking by -25.5% against the previous year. Overall, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2015 an increase of 137% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +2,470.2% per year.

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

Imports into Saudi Arabia

In 2017, after four years of decline, there was significant growth in supplies from abroad of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment, when their volume increased by 70% to X tons. Over the period under review, imports, however, faced a abrupt setback. Imports peaked at X tons in 2012; however, from 2013 to 2017, imports remained at a lower figure.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment contracted rapidly to $X in 2017. Overall, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 30% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2017, imports stood at a somewhat lower figure.

Imports by Country

In 2017, Spain (X tons) constituted the largest reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment supplier to Saudi Arabia, with a 71% share of total imports. Moreover, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The United Arab Emirates (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2017, the average annual growth rate of volume from Spain amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-18.1% per year) and the United Arab Emirates (+18.0% per year).

In value terms, Spain ($X) constituted the largest supplier of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment to Saudi Arabia, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Sweden, with a 12% share.

From 2012 to 2017, the average annual growth rate of value from Spain totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-18.2% per year) and Sweden (-15.6% per year).

Import Prices by Country

In 2017, the average import price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, with a decrease of -51.2% against the previous year. In general, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2014 an increase of 48%. As a result, import price reached the peak level of $X per ton. From 2015 to 2017, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by the UK (+68.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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