Canada: 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 Canada

In 2020, the Canadian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by X%. Iron, steel or aluminium reservoir consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

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

In value terms, iron, steel or aluminium reservoir production fell notably to $X in 2020 estimated in export price. Over the period under review, production, however, showed a slight setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019, and then contracted dramatically in the following year.

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

Exports from Canada

In 2020, approx. X units of iron, steel or aluminium reservoirs, tanks, vats and similar containers were exported from Canada; reducing by X% on the previous year's figure. In general, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2020, the growth of the exports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir exports contracted to $X in 2020. Overall, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for iron, steel or aluminium reservoir exports from Canada, accounting for a X% share of total exports. It was followed by Singapore (X units), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for iron, steel or aluminium reservoirs, tanks, vats and similar containers exports from Canada, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value to the United States totaled X%.

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; afterwards, it flattened through to 2020.

Average prices varied noticeably for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore amounted to $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%).

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

Imports into Canada

In 2020, supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2020, imports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir imports contracted remarkably to $X in 2020. Over the period under review, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2020, the growth of imports failed to regain momentum.

Imports by Country

In 2020, the United States (X units) constituted the largest iron, steel or aluminium reservoir supplier to Canada, with a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), ninefold. The third position in this ranking was taken by Thailand (X units), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

In value terms, the United States ($X) constituted the largest supplier of iron, steel or aluminium reservoirs, tanks, vats and similar containers to Canada, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2020, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

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, falling by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2020, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the countries with the highest prices were the UK ($X per unit) and the United States ($X per unit), while the price for Thailand ($X per unit) and Mexico ($X per unit) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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