Eastern Europe: 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 Eastern Europe

In 2020, the East European 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. In general, consumption continues to indicate a noticeable setback. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

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

In value terms, iron, steel or aluminium reservoir production contracted to $X in 2020 estimated in export price. Overall, production, however, saw a mild setback. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain momentum.

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

Exports in Eastern Europe

In 2020, shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to X units for the first time since 2016, thus ending a three-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then reduced slightly in the following year.

In value terms, iron, steel or aluminium reservoir exports reduced to $X in 2020. The total export value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Poland represented the largest exporting country with an export of around X units, which amounted to X% of total exports. The Czech Republic (X units) ranks second in terms of the total exports with a X% share, followed by Estonia (X%), Belarus (X%) and Hungary (X%). Slovakia (X units) and Lithuania (X units) followed a long way behind the leaders.

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

In value terms, the largest iron, steel or aluminium reservoir supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined X% share of total exports. Estonia, Slovakia, Lithuania and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2020, shrinking by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2020, the export prices remained at a 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 Slovakia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

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

Imports in Eastern Europe

In 2020, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Eastern Europe shrank remarkably to X units, with a decrease of X% compared with the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X units in 2019, and then fell significantly in the following year.

In value terms, iron, steel or aluminium reservoir imports contracted notably to $X in 2020. In general, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2019, and then reduced notably in the following year.

Imports by Country

The countries with the highest levels of iron, steel or aluminium reservoir imports in 2020 were Ukraine (X units), Romania (X units), Poland (X units), the Czech Republic (X units) and Hungary (X units), together reaching X% of total import. It was distantly followed by Bulgaria (X units) and Slovakia (X units), together creating a X% share 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 Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir importing markets in Eastern Europe were Poland ($X), Romania ($X) and Hungary ($X), together comprising X% of total imports.

Hungary, with a CAGR of X%, saw the highest growth rate of 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 Eastern Europe amounted to $X per unit, remaining constant against the previous year. In general, the import price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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