Southern Asia: Transport Container Market 2024

Transport Container Market Size in Southern Asia

In 2022, the South Asian transport container market decreased by -1.7% to $X, falling for the second year in a row after two years of growth. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.7% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Transport Container Production in Southern Asia

In value terms, transport container production rose modestly to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Transport Container Exports

Exports in Southern Asia

In 2022, shipments abroad of transport containers increased by 164% to X units, rising for the second consecutive year after three years of decline. In general, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, transport container exports surged to $X in 2022. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

India represented the key exporting country with an export of around X units, which reached 63% of total exports. It was distantly followed by Sri Lanka (X units), committing a 37% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +67.9%).

In value terms, India ($X) remains the largest transport container supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 0.8% share of total exports.

In India, transport container exports expanded at an average annual rate of +12.0% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, with a decrease of -43.8% against the previous year. Overall, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of 100%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while Sri Lanka stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.1%).

Transport Container Imports

Imports in Southern Asia

In 2022, supplies from abroad of transport containers increased by 50% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 514%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, transport container imports soared to $X in 2022. Overall, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 71% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

India dominates imports structure, amounting to X units, which was near 95% of total imports in 2022. Pakistan (X units) held a minor share of total imports.

India was also the fastest-growing in terms of the transport containers imports, with a CAGR of +21.4% from 2012 to 2022. At the same time, Pakistan (+2.1%) displayed positive paces of growth. India (+28 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -9.7% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported transport containers in Southern Asia, comprising 96% of total imports. The second position in the ranking was held by Pakistan ($X), with a 1.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +17.7%.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, dropping by -6.5% against the previous year. Overall, the import price recorded a pronounced curtailment. The growth pace was the most rapid in 2018 an increase of 448% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per unit), while Pakistan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-0.8%).

Source: IndexBox Platform

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