United Kingdom: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

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

The UK market for iron, steel or aluminium reservoirs, tanks, vats and similar containers reached $X in 2020, growing by X% against the previous year. Over the period under review, consumption, however, showed a perceptible contraction. As a result, consumption reached the peak level of $X. From 2015 to 2020, the growth of the market remained at a lower figure.

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

In value terms, iron, steel or aluminium reservoir production reduced slightly to $X in 2020 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

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

Exports from the UK

Iron, steel or aluminium reservoir exports from the UK shrank to X units in 2020, which is down by X% against the year before. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X units in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports rose slightly to $X in 2020. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Ireland (X units), Malaysia (X units) and the Netherlands (X units) were the main destinations of iron, steel or aluminium reservoir exports from the UK, with a combined X% share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the United States ($X) appeared to be the largest markets for iron, steel or aluminium reservoir exported from the UK worldwide, together accounting for X% of total exports. Malaysia, Ireland, France, Italy, Norway, Saudi Arabia, China, Sweden, Australia and Singapore lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other 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 unit in 2020, increasing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2020, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the UK

In 2020, iron, steel or aluminium reservoir imports into the UK shrank remarkably to X units, dropping by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports shrank sharply to $X in 2020. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2020, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Turkey (X units) and Portugal (X units) were the main suppliers of iron, steel or aluminium reservoir imports to the UK, with a combined X% share of total imports. Germany, France, Poland, the Czech Republic, Italy, Austria, Thailand, Belgium, the Netherlands and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to the UK were Germany ($X), France ($X) and Portugal ($X), with a combined X% share of total imports. Turkey, China, Italy, the United States, Poland, the Czech Republic, Belgium, Austria, the Netherlands and Thailand lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, almost unchanged from the previous year. Overall, the import price, however, showed a mild descent. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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