U.S.: Metal Tank Market 2025

Metal Tank Market Size in the U.S.

The U.S. metal tank market surged to $X in 2022, 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). Overall, consumption saw a significant increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Metal Tank Exports

Exports from the U.S.

Metal tank exports from the United States contracted dramatically to X tons in 2022, reducing by X% on the year before. Overall, exports faced a dramatic setback. The smallest decline of X% was in 2021. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, metal tank exports reduced slightly to $X in 2022. Over the period under review, exports showed a mild slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for metal tank exports from the United States, accounting for a X% share of total exports. Moreover, metal tank exports to Mexico exceeded the volume sent to the second major destination, India (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Japan (X% per year).

In value terms, Canada ($X) remains the key foreign market for metal tank (heavy gauge) exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average metal tank export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a significant increase from 2020 to 2022: its price increased at an average annual rate of X% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal tank export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

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

Metal Tank Imports

Imports into the U.S.

In 2022, approx. X tons of metal tank (heavy gauge) were imported into the United States; with an increase of X% against the previous year. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, metal tank imports skyrocketed to $X in 2022. In general, imports saw a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest metal tank supplier to the United States, accounting for a X% share of total imports. Moreover, metal tank imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2020 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of metal tank (heavy gauge) to the United States, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Canada, with an X% share.

From 2020 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average metal tank import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price recorded a abrupt setback. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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