Which Country Imports the Most Reservoirs, Tanks and Similar Containers in the World?

Tanks, Reservoirs And Containers Of Metal May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Imports the Most Reservoirs, Tanks and Similar Containers  in the World?

IndexBox has just published a new report "World: Reservoirs, Tanks, Vats And Similar Containers - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, approx. 1.6M tonnes of reservoir were imported worldwide- falling by -4.8% against the previous year figure. The total import volume increased at an average annual rate of +1.1% from 2007 to 2016- the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The pace of growth appeared the most rapid in 2011, an increase of 9% y-o-y. Global reservoir import peaked of 1.6M tonnes in 2015, falling back in the following year.

In value terms, reservoir imports totaled $3.2B in 2016. The total import value increased at an average annual rate of +1.2% from 2007 to 2016- the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, global reservoir imports attained its maximum level of $4B in 2014- however, from 2015 to 2016, it stood at a somewhat lower level.

Top Reservoir Importing Countries in the World

1. USA (475.4 million USD)

2. China (175.1 million USD)

3. Germany (124.9 million USD)

4. South Korea (99.0 million USD)

5. France (93.8 million USD)

6. Saudi Arabia (89.6 million USD)

7. Belgium (51.5 million USD)

8. United Kingdom (47.0 million USD)

9. Brazil (25.8 million USD)

10. Spain (25.1 million USD)

11. Italy (22.5 million USD)

12. Poland (20.6 million USD)

Reservoir Imports By Country

In 2016, South Korea (220K tonnes), followed by China (138K tonnes), the U.S. (85K tonnes), Germany (78K tonnes), Spain (76K tonnes), and Poland (71K tonnes) represented the major importers of reservoir, together committing 43% of total imports. Italy (55K tonnes), France (40K tonnes), Brazil (40K tonnes), Saudi Arabia (39K tonnes), the UK (36K tonnes), and Belgium (35K tonnes) took the slight share of total imports.

From 2007 to 2016, the most notable growth rate of reservoir imports, among the main importing countries, was attained by France (+6.5% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($475M) constitutes the largest market for imported reservoir worldwide, making up 15% of global imports. The second position in the ranking was occupied by China ($175M), with the share of 6% of global imports. It was followed by Germany, with the share of 4%.

In the U.S., reservoir imports stood at an average annual rate of +7.8% over the period from 2007-2016. In the other countries, the average annual rates were as follows: China (+12.2% per year) and Germany (-2.2% per year).

Reservoir Import Prices By Country

The average reservoir import price stood at $2,036 per tonne in 2016, coming down by -7.6% against the previous year. In general, reservoir import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when import increased by 13% from the previous year level. In that year, average reservoir import price attained its maximum level of $2,548 per tonne. From 2010 to 2016, growth of average reservoir import price failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($5,568 per tonne), while Poland ($290 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of reservoir import prices was attained by China (+11.1% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global reservoir market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • reservoir market share
  • reservoir prices
  • reservoir industry
  • reservoir sales
  • reservoir import
  • reservoir export
  • reservoir market forecast
  • reservoir price forecast
  • key reservoir producers

All data provided in this article covers the following product: HS Code 7309 - Reservoirs, tanks, vats and similar containers- for any material (excluding compressed or liquefied gas), of iron or steel, capacity exceeding 300l, whether or not lined or heat insulated.

Source: World: Reservoirs, Tanks, Vats And Similar Containers - Market Report. Analysis and Forecast to 2025