Overview of the Global Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

The global market for iron, steel or aluminium reservoirs, tanks, vats and similar containers totaled $X in 2020, therefore, remained relatively stable against the previous year. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Global consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

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

In value terms, iron, steel or aluminium reservoir production amounted to $X in 2020 estimated in export prices. In general, production showed a modest expansion. The pace of growth was the most pronounced in 2011 when the production volume increased by X% year-to-year. Over the period under review, global production attained the maximum level in 2020 and is expected to retain growth in the near future.

Production By Country

China (X tons) constituted the country with the largest volume of iron, steel or aluminium reservoir production, accounting for X% of total volume. Moreover, iron, steel or aluminium reservoir production in China exceeded the figures recorded by the second-largest producer, the U.S. (X tons), twofold. India (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China amounted to +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and India (+X% per year).

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

Exports

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported worldwide stood at X tons, approximately mirroring the year before. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, global exports reached the maximum in 2020 and are likely to see gradual growth in the immediate term.

In value terms, iron, steel or aluminium reservoir exports shrank slightly to $X in 2020. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Global exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

China was the main exporter of iron, steel or aluminium reservoirs, tanks, vats and similar containers in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2020. It was distantly followed by Poland (X tons), Thailand (X tons), Turkey (X tons), South Korea (X tons), the U.S. (X tons) and Italy (X tons), together constituting a X% share of total exports. Germany (X tons), the Czech Republic (X tons), Spain (X tons), Mexico (X tons), the Netherlands (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to iron, steel or aluminium reservoir exports from China stood at +X%. At the same time, Thailand (+X%), Turkey (+X%), the Netherlands (+X%), Poland (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. The Czech Republic, Spain and Italy experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), South Korea (-X%), the UK (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Thailand (+X p.p.) and Turkey (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of Italy (-X p.p.), Germany (-X p.p.), the U.S. (-X p.p.) and South Korea (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the U.S. ($X) and Italy ($X) were the countries with the highest levels of exports in 2020, together accounting for X% of global exports. These countries were followed by Germany, South Korea, Poland, the Czech Republic, Turkey, Thailand, the UK, the Netherlands, Spain and Mexico, which together accounted for a further X saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global 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, declining by -X% against the previous year. Overall, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the UK ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

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

Imports

In 2020, global iron, steel or aluminium reservoir imports contracted to X tons, with a decrease of -X% against the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, global imports reached the peak figure at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports declined to $X in 2020. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, global imports hit record highs at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tons), followed by Germany (X tons) represented the main importers of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together committing X% of total imports. South Korea (X tons), Canada (X tons), France (X tons), the UK (X tons), Mexico (X tons), the Philippines (X tons), China (X tons), the Netherlands (X tons), Thailand (X tons), Nigeria (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in the Philippines, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of global imports. China, Canada, France, the UK, the Netherlands, Mexico, Italy, Thailand, Nigeria and the Philippines lagged somewhat behind, together accounting for a further X the main importing countries, the Philippines recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

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, leveling off at the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average import price increased by X% year-to-year. Global import price peaked at $X per ton in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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