U.S.: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2025

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in the U.S.

The U.S. market for aluminium casks, drums, cans, boxes and similar containers fell notably to $X in 2022, which is down by -19.1% against the previous year. In general, consumption, however, continues to indicate a resilient expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in the U.S.

In value terms, production of aluminium casks, drums, cans, boxes and similar containers reduced to $X in 2022. In general, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 43% against the previous year. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports from the U.S.

In 2022, overseas shipments of aluminium casks, drums, cans, boxes and similar containers increased by 13% to X units, rising for the fourth consecutive year after two years of decline. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 106% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers soared to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.1% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for exports of aluminium casks, drums, cans, boxes and similar containers from the United States, accounting for a 70% share of total exports. Moreover, exports of aluminium casks, drums, cans, boxes and similar containers to Canada exceeded the volume sent to the second major destination, Mexico (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+25.9% per year) and the Dominican Republic (+25.8% per year).

In value terms, Canada ($X) remains the key foreign market for aluminium casks, drums, cans, boxes and similar containers exports from the United States, comprising 71% of total exports. The second position in the ranking was held by Mexico ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+17.5% per year) and the Dominican Republic (+17.0% per year).

Export Prices by Country

The average export price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2022, surging by 9.1% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-5.6%), while the prices for the other major destinations experienced a decline.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports into the U.S.

After four years of growth, overseas purchases of aluminium casks, drums, cans, boxes and similar containers decreased by -54.8% to X units in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 244% against the previous year. Over the period under review, imports of reached the maximum at X units in 2021, and then fell significantly in the following year.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers declined significantly to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 141% against the previous year. Imports peaked at $X in 2021, and then declined dramatically in the following year.

Imports by Country

In 2022, Mexico (X units) constituted the largest supplier of aluminium cask, drum, can, box and similar container to the United States, with a 50% share of total imports. Moreover, imports of aluminium casks, drums, cans, boxes and similar containers from Mexico exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. The third position in this ranking was taken by Canada (X units), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico totaled +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+1,758.7% per year) and Canada (+5.4% per year).

In value terms, Mexico ($X) constituted the largest supplier of aluminium casks, drums, cans, boxes and similar containers to the United States, comprising 47% of total imports. The second position in the ranking was held by Canada ($X), with a 7.9% share of total imports. It was followed by the United Arab Emirates, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico stood at +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-3.1% per year) and the United Arab Emirates (+1,337.3% per year).

Import Prices by Country

In 2022, the average import price for aluminium casks, drums, cans, boxes and similar containers amounted to $X per unit, increasing by 35% against the previous year. In general, the import price, however, showed a abrupt setback. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform