ASEAN: Aluminium Reservoir Market 2024

Aluminium Reservoir Market Size in ASEAN

In 2022, the ASEAN aluminium reservoir market decreased by X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Aluminium Reservoir Production in ASEAN

In value terms, aluminium reservoir production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Aluminium Reservoir Exports

Exports in ASEAN

In 2022, shipments abroad of aluminium reservoirs, tanks, vats and similar containers increased by X% to X units, rising for the second consecutive year after eight years of decline. In general, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, aluminium reservoir exports dropped to $X in 2022. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. Singapore (X units) and the Philippines (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the aluminium reservoirs, tanks, vats and similar containers exports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%) displayed positive paces of growth. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest aluminium reservoir supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports.

In Thailand, aluminium reservoir exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the export price figures.

Aluminium Reservoir Imports

Imports in ASEAN

In 2022, the amount of aluminium reservoirs, tanks, vats and similar containers imported in ASEAN declined dramatically to X units, with a decrease of X% against the year before. In general, imports saw a pronounced decrease. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, aluminium reservoir imports plummeted to $X in 2022. Over the period under review, imports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Vietnam (X units) and Thailand (X units) represented roughly X% of total imports in 2022. It was distantly followed by Indonesia (X units), Lao People's Democratic Republic (X units), Singapore (X units) and Malaysia (X units), together generating a X% share of total imports. The Philippines (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

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

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, surging by X% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium reservoir import price increased by X% against 2020 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :