U.S. Metal Tank (Heavy Gauge) Market. Analysis and Forecast to 2030
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View PricingU.S.: Metal Tank Market 2024
Metal Tank Market Size in the U.S.
In 2023, after two years of growth, there was significant decline in the U.S. metal tank market, when its value decreased by X% to $X. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.
Metal Tank Production in the U.S.
In value terms, metal tank production totaled $X in 2023. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Metal tank production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.
Metal Tank Exports
Exports from the U.S.
In 2023, the amount of metal tank (heavy gauge) exported from the United States declined to X tons, shrinking by X% compared with the previous year. Over the period under review, exports, however, showed a notable increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.
In value terms, metal tank exports expanded rapidly to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Mexico (X tons) was the main destination for metal tank exports from the United States, with a X% share of total exports. Moreover, metal tank exports to Mexico exceeded the volume sent to the second major destination, the Dominican Republic (X tons), threefold. Liberia (X tons) ranked third in terms of total exports with an X% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Liberia (X% per year).
In value terms, Canada ($X), Mexico ($X) and Japan ($X) appeared to be the largest markets for metal tank exported from the United States worldwide, with a combined X% share of total exports. Australia, India, Ireland, Thailand, the Dominican Republic, Guatemala, Malaysia, Liberia, Cayman Islands and Bermuda lagged somewhat behind, together accounting for a further X%.
Ireland, with a CAGR of X%, saw the highest growth rate of 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 metal tank export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Bermuda ($X per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Tank Imports
Imports into the U.S.
After three years of growth, overseas purchases of metal tank (heavy gauge) decreased by X% to X tons in 2023. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2022, and then contracted remarkably in the following year.
In value terms, metal tank imports dropped markedly to $X in 2023. In general, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2022, and then dropped rapidly in the following year.
Imports by Country
In 2023, China (X tons) constituted the largest supplier of metal tank to the United States, accounting for a X% share of total imports. Moreover, metal tank imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a X% share.
From 2013 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Thailand (X% per year).
In value terms, China ($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 held by Mexico ($X), with a X% share of total imports. It was followed by Canada, with an X% share.
From 2013 to 2023, the average annual rate of growth in terms of value from China amounted to 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
The average metal tank import price stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price, however, recorded a deep contraction. The import price peaked at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the metal tank market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 332420 - Metal tank (heavy gauge) manufacturing
Companies mentioned:
- Enerfab, Paul Mueller Company
- Caldwell Tanks
- Modern Welding Company
- Flexcon Industries
- Imperial Industries
- Walker Stainless Equipment Company
- Taylor-Wharton International
- CST Industries
- Permian Tank & Manufacturing
- Nooter Corporation
- Polar Corporation
- Mid-State Tank Co.
- Fort Worth F and D Head Company
- James Machine Works
- Challenger Process Systems Co.
- Rocky Mountain Fabrication
- Phoenix Fabricators & Erectors
- Pasadena Tank Corporation
- Wmf
- Truenorth Steel
- Arrow Tank and Engineering Co
- Helgesen Industries
- Mississippi Tank and Manufacturing Company
- Alonso & Carus Iron Works
- Cimarron Energy
- Conner Steel Products
- TW Tank
- Caldwell Group
- Tankcraft Corporation
- Polar Tank Trailers
- Bigbee Steel and Tank Company
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023