China: 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 China

For the fourth year in a row, the Chinese market for iron, steel or aluminium reservoirs, tanks, vats and similar containers recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Iron, steel or aluminium reservoir consumption peaked in 2020 and is likely to continue growth in the near future.

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

In value terms, iron, steel or aluminium reservoir production amounted to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Iron, steel or aluminium reservoir production peaked in 2020 and is likely to continue growth in years to come.

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

Exports from China

In 2020, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, total exports indicated buoyant growth from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2020 and are likely to continue growth in years to come.

In value terms, iron, steel or aluminium reservoir exports rose slightly to $X in 2020. Overall, total exports indicated resilient growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked in 2020 and are likely to continue growth in the near future.

Exports by Country

Indonesia (X units), the United States (X units) and the Philippines (X units) were the main destinations of iron, steel or aluminium reservoir exports from China, together comprising X% of total exports. South Korea, Nigeria, Vietnam, Japan, Thailand, Yemen, Taiwan (Chinese), Australia, the Netherlands and Peru lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Indonesia ($X) and Japan ($X) appeared to be the largest markets for iron, steel or aluminium reservoir exported from China worldwide, together accounting for X% of total exports. Taiwan (Chinese), South Korea, the Netherlands, Vietnam, the Philippines, Thailand, Australia, Nigeria, Peru and Yemen lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, standing approx. at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2020, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Yemen ($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 Taiwan (Chinese) (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 China

In 2020, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers into China contracted modestly to X units, remaining relatively unchanged against 2019. In general, imports saw a slight slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X units in 2015; however, from 2016 to 2020, imports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir imports reduced to $X in 2020. Overall, total imports indicated pronounced growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2020, imports failed to regain momentum.

Imports by Country

South Korea (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main suppliers of iron, steel or aluminium reservoir imports to China, with a combined X% share of total imports. Thailand, Hong Kong SAR, the United States and Malaysia 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 Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of iron, steel or aluminium reservoirs, tanks, vats and similar containers to China, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, reducing by X% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron, steel or aluminium reservoir import price increased by X% against 2013 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced in the following year.

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 ($X per unit), while the price for Hong Kong SAR ($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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