Aluminium Cask, Drum, Can, Box and Similar Container Market

The global market for aluminium casks, drums, cans, boxes, and similar containers is expected to exhibit growth in both volume and value terms from 2022 to 2030. The article discusses consumption, production, import, and export trends for these containers, highlighting key countries such as China, the United States, India, and Saudi Arabia. Import and export prices and trends are also analyzed, providing insights into the overall performance and projections for the market.

Market Forecast

Driven by increasing demand for aluminium casks, drums, cans, boxes and similar containers worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +5.9% for the period from 2022 to 2030, which is projected to bring the market volume to 1,054B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +8.0% for the period from 2022 to 2030, which is projected to bring the market value to $211.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

In 2022, global consumption of aluminium casks, drums, cans, boxes and similar containers declined modestly to 668B units, waning by -2% on the previous year's figure. In general, consumption, however, continues to indicate prominent growth. Global consumption peaked at 723B units in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

The revenue of the market for aluminium casks, drums, cans, boxes and similar containers worldwide declined to $114.6B in 2022, falling by -2.1% 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). Over the period under review, consumption, however, enjoyed prominent growth. Over the period under review, the global market hit record highs at $120.4B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (119B units), the United States (65B units) and India (48B units), together comprising 35% of global consumption. Japan, Pakistan, Russia, Nigeria, Brazil, Indonesia, Mexico, South Korea, Iran and Saudi Arabia lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of containers, amongst the main consuming countries, was attained by Saudi Arabia (with a CAGR of +20.1%), while containers for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($20B), China ($19.8B) and Japan ($9.2B) appeared to be the countries with the highest levels of market value in 2022, together comprising 43% of the global market. India, Pakistan, Russia, Brazil, Mexico, Nigeria, Indonesia, South Korea, Iran and Saudi Arabia lagged somewhat behind, together accounting for a further 29%.

Among the main consuming countries, Saudi Arabia, with a CAGR of +20.3%, recorded the highest growth rate of market size over the period under review, while containers for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of aluminium cask, drum, can, box and similar container per capita consumption in 2022 were Saudi Arabia (299 units per person), Japan (291 units per person) and South Korea (239 units per person).

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +17.6%), while containers for the other global leaders experienced more modest paces of growth.

Production

World Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

In 2022, approx. 668B units of aluminium casks, drums, cans, boxes and similar containers were produced worldwide; therefore, remained relatively stable against 2021 figures. Over the period under review, production, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 31%. Over the period under review, global production of hit record highs at 724B units in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, production of aluminium casks, drums, cans, boxes and similar containers dropped to $109.3B in 2022 estimated in export price. Overall, production, however, posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of 33% against the previous year. Global production peaked at $115.9B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (121B units), the United States (66B units) and India (48B units), together accounting for 35% of global production. Japan, Pakistan, Russia, Nigeria, Brazil, Indonesia, Mexico, South Korea, Saudi Arabia and Iran lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of containers, amongst the key producing countries, was attained by Nigeria (with a CAGR of +18.6%), while containers for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

In 2022, overseas purchases of aluminium casks, drums, cans, boxes and similar containers decreased by -11.5% to 39B units for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.9% against 2012 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of 44B units, and then reduced in the following year.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers rose remarkably to $7.1B in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.7% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

In 2022, the United States (5.7B units), distantly followed by the Netherlands (2.3B units), Canada (2.2B units) and Belgium (2.1B units) represented the main importers of aluminium casks, drums, cans, boxes and similar containers, together generating 31% of total imports. France (1.5B units), Austria (1.5B units), Germany (1.5B units), the UK (1.3B units), Poland (1B units), Italy (1B units), Cambodia (0.8B units), Spain (0.8B units) and Kazakhstan (0.7B units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to aluminium cask, drum, can, box and similar container imports into the United States stood at +20.6%. At the same time, Kazakhstan (+28.4%), Cambodia (+22.0%), Austria (+10.6%), Belgium (+8.3%), Canada (+8.0%), Italy (+7.4%), the Netherlands (+7.2%), the UK (+4.5%) and France (+2.8%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the world, with a CAGR of +28.4% from 2012-2022. Poland and Germany experienced a relatively flat trend pattern. By contrast, Spain (-1.8%) illustrated a downward trend over the same period. While the share of the United States (+11 p.p.), Kazakhstan (+1.6 p.p.), Austria (+1.6 p.p.) and Cambodia (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Spain (-1.8 p.p.) and Germany (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($653M), Canada ($503M) and the Netherlands ($445M) appeared to be the countries with the highest levels of imports in 2022, with a combined 23% share of global imports. France, the UK, Austria, Germany, Belgium, Italy, Poland, Cambodia, Spain and Kazakhstan lagged somewhat behind, together accounting for a further 32%.

Cambodia, with a CAGR of +30.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for aluminium casks, drums, cans, boxes and similar containers amounted to $0.2 per unit, growing by 22% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $0.2 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($0.2 per unit), while Kazakhstan ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+6.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

For the third year in a row, the global market recorded growth in shipments abroad of aluminium casks, drums, cans, boxes and similar containers, which increased by 0.6% to 39B units in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.2% against 2013 indices. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers expanded rapidly to $6.9B in 2022. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.5% against 2016 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the near future.

Exports By Country

In 2022, the United States (6B units), followed by Germany (3.2B units), the Netherlands (2.4B units) and China (2.1B units) represented the key exporters of aluminium casks, drums, cans, boxes and similar containers, together creating 35% of total exports. The Czech Republic (1.7B units), France (1.5B units), the United Arab Emirates (1.2B units), Spain (1.1B units), Poland (1.1B units), Russia (1.1B units), Saudi Arabia (1.1B units), South Africa (1B units) and the UK (0.9B units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +20.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($697M), Germany ($685M) and China ($410M) appeared to be the countries with the highest levels of exports in 2022, with a combined 26% share of global exports. The Netherlands, the Czech Republic, France, Spain, the United Arab Emirates, the UK, Poland, Saudi Arabia, Russia and South Africa lagged somewhat behind, together accounting for a further 33%.

Among the main exporting countries, Russia, with a CAGR of +20.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for aluminium casks, drums, cans, boxes and similar containers amounted to $0.2 per unit, surging by 9.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $0.2 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($0.2 per unit), while South Africa ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform