Sudan: 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 Sudan

The Sudanese market for iron, steel or aluminium reservoirs, tanks, vats and similar containers skyrocketed to $X in 2020, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

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

Exports from Sudan

In 2020, shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons, falling for the fifth year in a row after three years of growth. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tons in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports reached $X in 2020. Over the period under review, exports continue to indicate a moderate expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for iron, steel or aluminium reservoir exports from Sudan, with a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to the United Arab Emirates exceeded the volume sent to the second major destination, Egypt (X tons), eightfold.

From 2007 to 2020, the average annual growth rate of volume to the United Arab Emirates totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+X% per year) and India (-X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for iron, steel or aluminium reservoir exports from Sudan, comprising X% of total exports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the United Arab Emirates amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+X% per year) and India (-X% per year).

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, growing by X% against the previous year. In general, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Egypt ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Sudan

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Sudan; jumping by X% on the previous year's figure. In general, imports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports surged to $X in 2020. Overall, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Turkey (X tons) constituted the largest supplier of iron, steel or aluminium reservoir to Sudan, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and India (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of iron, steel or aluminium reservoir to Sudan, comprising X% of total imports. The second position in the ranking was occupied by Oman ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Turkey amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+X% per year) and India (+X% per year).

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the import price showed a deep contraction. The pace of growth was the most pronounced in 2012 an increase of X% y-o-y. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Oman ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Oman, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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