
China - Iron or Steel Cans For Food And Drink - Market Analysis, Forecast, Size, Trends and Insights
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China's Steel Can Exports Skyrocket to $500M
IndexBox has just published a new report: 'China - Iron or Steel Cans For Food And Drink - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
China's Steel Can Exports
From 2010 to 2020, China's iron and steel can exports soared from 469M units to 1.9B units. In value terms, supplies rose from $66M to $537M (IndexBox estimates).
Shipments to the U.S. (327M units) accounted for an 18% share of total exports. Moreover, the volume of iron or steel cans supplied to the U.S. exceeded the volume sent to the second major destination, Hong Kong SAR (148M units), twofold. The third position in this ranking was occupied by Yemen (116M units), with a 6.3% share.
In value terms, American purchases ($83M) comprised 15% of total exports. The second position in the ranking was occupied by Malaysia ($31M), with a 5.7% share of the total value. It was followed by the UK, with a 4.4% share.
Over the past decade, the average annual rate of growth in terms of value to the U.S. amounted to +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+67.6% per year) and the UK (+16.2% per year).
The average iron or steel can export price stood at $0.3 per unit in 2020, reducing by -26.4% against the previous year. There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Malaysia ($0.6 per unit), while the average price for exports to Yemen ($0.1 per unit) was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for iron or steel can in China. 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 2025.
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A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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