South-Eastern Asia: 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 South-Eastern Asia

For the fourth consecutive year, the Southeast Asian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2009 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2020 and is likely to see gradual growth in the immediate term.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in South-Eastern Asia

In value terms, iron, steel or aluminium reservoir production skyrocketed to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Production By Country in South-Eastern Asia

Indonesia (X tons) constituted the country with the largest volume of iron, steel or aluminium reservoir production, comprising approx. X% of total volume. Moreover, iron, steel or aluminium reservoir production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), twofold. Vietnam (X tons) ranked third in terms of total production with a X% share.

In Indonesia, iron, steel or aluminium reservoir production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Vietnam (-X% per year).

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

Exports in South-Eastern Asia

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported in South-Eastern Asia surged to X tons, growing by X% compared with 2019. Total exports indicated a prominent 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. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron, steel or aluminium reservoir exports soared to $X in 2020. Total exports indicated tangible growth 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, exports decreased by -X% against 2018 indices. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Thailand was the main exporter of iron, steel or aluminium reservoirs, tanks, vats and similar containers in South-Eastern Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2020. Singapore (X tons) took an X% share (based on tons) of total exports, which put it in second place, followed by Malaysia (X%) and Vietnam (X%). Indonesia (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to iron, steel or aluminium reservoir exports from Thailand stood at +X%. At the same time, Vietnam (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Malaysia (-X%) and Indonesia (-X%) illustrated a downward trend over the same period. While the share of Thailand (+X p.p.), Vietnam (+X p.p.) and Singapore (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Indonesia (-X p.p.) and Malaysia (-X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest iron, steel or aluminium reservoir supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Thailand totaled +X%. In the other countries, the average annual rates were as follows: Malaysia (-X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2020, the export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in South-Eastern Asia amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price showed a slight contraction. The pace of growth was the most pronounced in 2019 an increase of X% y-o-y. Over the period under review, export prices attained the maximum at $X per ton in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other leaders experienced mixed trends in the export price figures.

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

Imports in South-Eastern Asia

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers imported in South-Eastern Asia contracted to X tons, with a decrease of -X% compared with the previous year's figure. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2009 to 2020, the growth imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports dropped to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

The purchases of the six major importers of iron, steel or aluminium reservoirs, tanks, vats and similar containers, namely the Philippines, Thailand, Singapore, Indonesia, Vietnam and Malaysia, represented more than two-thirds of total import. Myanmar (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines, while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Singapore ($X) were the countries with the highest levels of imports in 2020, together comprising X% of total imports. Indonesia, the Philippines, Malaysia and Myanmar lagged somewhat behind, together comprising a further X the main importing countries, the Philippines recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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