Asia: 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 Asia

The Asian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers reached $X in 2020, almost unchanged from the previous year. The market value increased at an average annual rate of X% from 2012 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the maximum level in 2020 and is likely to see gradual growth in the immediate term.

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

In value terms, iron, steel or aluminium reservoir production expanded slightly to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2020 and is expected to retain growth in the near future.

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

Exports in Asia

Iron, steel or aluminium reservoir exports rose remarkably to X units in 2020, with an increase of X% on the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked in 2020 and is expected to retain growth in the immediate term.

In value terms, iron, steel or aluminium reservoir exports stood at $X in 2020. The total export value increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked in 2020 and is likely to see steady growth in the immediate term.

Exports by Country

In 2020, China (X units) was the main exporter of iron, steel or aluminium reservoirs, tanks, vats and similar containers, making up X% of total exports. Thailand (X units) held the second position in the ranking, followed by Turkey (X units) and South Korea (X units). All these countries together held approx. X% share of total exports. India (X units), Singapore (X units) and Malaysia (X units) took a minor share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2020. At the same time, Turkey (X%), Thailand (X%), Singapore (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2020. By contrast, Malaysia (X%) and India (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of China, Thailand and Turkey increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron, steel or aluminium reservoir supplier in Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2020, the export price in Asia amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price showed a mild decline. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia

In 2020, purchases abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to X units, falling for the fourth year in a row after three years of growth. Overall, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports shrank to $X in 2020. In general, imports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, South Korea (X units), followed by the Philippines (X units), China (X units), Thailand (X units), Singapore (X units) and Bangladesh (X units) represented the largest importers of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together creating X% of total imports. The following importers - the United Arab Emirates (X units), Indonesia (X units), Japan (X units), India (X units), Turkey (X units), Vietnam (X units) and Yemen (X units) - together made up X% of total imports.

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

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2020, together comprising X% of total imports. The United Arab Emirates, Thailand, Vietnam, Turkey, Singapore, India, Indonesia, the Philippines, Bangladesh and Yemen lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the import price in Asia amounted to $X per unit, remaining relatively unchanged against the previous year. Over the last eight-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the import price increased by X%. The level of import peaked in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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