Asia-Pacific: Aluminium Reservoir Market 2024

Aluminium Reservoir Market Size in Asia-Pacific

The Asia-Pacific aluminium reservoir market declined to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced in the following year.

Aluminium Reservoir Production in Asia-Pacific

In value terms, aluminium reservoir production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

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Aluminium Reservoir Exports

Exports in Asia-Pacific

In 2022, shipments abroad of aluminium reservoirs, tanks, vats and similar containers increased by X% to X units, rising for the sixth year in a row after three years of decline. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium reservoir exports fell to $X in 2022. In general, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell in the following year.

Exports by Country

China prevails in exports structure, finishing at X units, which was approx. X% of total exports in 2022. Thailand (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%), Thailand (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) emerged as the largest aluminium reservoir supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2018 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Taiwan (Chinese) ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Aluminium Reservoir Imports

Imports in Asia-Pacific

In 2022, after three years of growth, there was significant decline in purchases abroad of aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then declined dramatically in the following year.

In value terms, aluminium reservoir imports soared to $X in 2022. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Hong Kong SAR (X units) and Japan (X units) were the key importers of aluminium reservoirs, tanks, vats and similar containers in 2022, recording approx. X% and X% of total imports, respectively. India (X units) ranks next in terms of the total imports with a X% share, followed by China (X%). Vietnam (X units), South Korea (X units), Thailand (X units), Taiwan (Chinese) (X units) and Australia (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported aluminium reservoirs, tanks, vats and similar containers in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, with an increase of X% against the previous year. Import price indicated slight growth 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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