U.S.: Transport Container Market 2024

Transport Container Market Size in the U.S.

The U.S. transport container market soared to $X in 2022, growing by 375% against the previous year. Overall, consumption showed a significant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Transport Container Production in the U.S.

In value terms, transport container production soared to $X in 2022. In general, production posted a significant increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 603% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Transport Container Exports

Exports from the U.S.

In 2022, the amount of transport containers exported from the United States skyrocketed to X units, rising by 303% on the previous year. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, transport container exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 32% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X units), Bermuda (X units) and Germany (X units) were the main destinations of transport container exports from the United States, together accounting for 63% of total exports.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bermuda (with a CAGR of +7,943.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for transport container exported from the United States were Canada ($X), Japan ($X) and South Korea ($X), with a combined 35% share of total exports. Singapore, Italy, Germany, the Netherlands, France, the UK, Aruba and Bermuda lagged somewhat behind, together accounting for a further 29%.

Aruba, with a CAGR of +313.6%, saw the highest growth rate of the value of exports, among 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

In 2022, the average transport container export price amounted to $X per unit, shrinking by -76.2% against the previous year. In general, the export price continues to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 an increase of 163%. As a result, the export price reached the peak level of $X per unit, and then declined rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Bermuda ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+147.9%), while the prices for the other major destinations experienced more modest paces of growth.

Transport Container Imports

Imports into the U.S.

Transport container imports into the United States surged to X units in 2022, with an increase of 31% against 2021. In general, imports, however, saw a sharp decrease. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, transport container imports soared to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 99% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of transport container to the United States, accounting for a 67% share of total imports. Moreover, transport container imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. France (X units) ranked third in terms of total imports with a 4% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from China totaled -52.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-33.3% per year) and France (-58.0% per year).

In value terms, China ($X) constituted the largest supplier of transport containers to the United States, comprising 82% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 3.8% share of total imports. It was followed by Germany, with a 3.3% share.

From 2020 to 2022, the average annual growth rate of value from China totaled +108.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.7% per year) and Germany (+49.3% per year).

Import Prices by Country

In 2022, the average transport container import price amounted to $X per unit, surging by 25% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 1,142%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+567.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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