Thailand: 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 Thailand

For the fourth consecutive year, the Thai 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 relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Iron, steel or aluminium reservoir consumption peaked in 2020 and is expected to retain growth in the near future.

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

In value terms, iron, steel or aluminium reservoir production expanded significantly to $X in 2020 estimated in export prices. Overall, the total production indicated a resilient 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, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Iron, steel or aluminium reservoir production peaked in 2020 and is likely to continue growth in the immediate term.

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

Exports from Thailand

After two years of decline, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X tons in 2020. Over the period under review, exports recorded a strong increase. Exports peaked at X tons in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports surged to $X in 2020. In general, exports recorded a remarkable increase. 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

The U.S. (X tons), Bangladesh (X tons) and Malaysia (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Thailand, with a combined X% share of total exports. Tanzania, the Philippines, Cambodia, Sri Lanka, South Africa, Australia, Vietnam, Myanmar, Cote d'Ivoire and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Thailand were Cambodia ($X), the U.S. ($X) and Bangladesh ($X), together accounting for X% of total exports. These countries were followed by Vietnam, Tanzania, Myanmar, Malaysia, Sri Lanka, South Africa, Australia, Cote d'Ivoire, the Philippines and Lao People's Democratic Republic, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, shrinking by -X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% year-to-year. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Cambodia ($X per ton), while the average price for exports to the Philippines ($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 Cambodia, while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Thailand

In 2020, iron, steel or aluminium reservoir imports into Thailand skyrocketed to X tons, jumping by X% on 2019 figures. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Imports peaked at X tons in 2009; however, from 2010 to 2020, imports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir imports surged to $X in 2020. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Imports peaked at $X in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Malaysia (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Thailand, together comprising X% of total imports. These countries were followed by South Korea, the U.S., Japan and Spain, which together accounted for a further X 2007 to 2020, the biggest increases were in Spain, while purchases for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average 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 Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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