India: 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 India

For the fourth consecutive year, the Indian 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; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Iron, steel or aluminium reservoir consumption peaked in 2020 and is expected to retain growth in the near future.

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

In value terms, iron, steel or aluminium reservoir production stood at $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 indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the immediate term.

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

Exports from India

Iron, steel or aluminium reservoir exports from India plummeted to X units in 2020, declining by X% on 2019 figures. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2020, the growth of the exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports dropped to $X in 2020. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Nepal (X units) and South Africa (X units) were the main destinations of iron, steel or aluminium reservoir exports from India, together accounting for X% of total exports. The United Arab Emirates, Malaysia, Nigeria, Bangladesh, Libya, Saudi Arabia, Australia, Indonesia, Togo and Egypt lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X) emerged as the key foreign market for iron, steel or aluminium reservoirs, tanks, vats and similar containers exports from India, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Nepal, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Nepal (X% per year).

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, jumping by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Indonesia ($X per unit), while the average price for exports to Nepal ($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 Bangladesh (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 India

For the fourth consecutive year, India recorded growth in overseas purchases of iron, steel or aluminium reservoirs, tanks, vats and similar containers, which increased by X% to X units in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2020 and are likely to see steady growth in years to come.

In value terms, iron, steel or aluminium reservoir imports fell slightly to $X in 2020. Overall, total imports indicated a mild increase 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2020, China (X units) constituted the largest iron, steel or aluminium reservoir supplier to India, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. The third position in this ranking was taken by Singapore (X units), with a X% share.

From 2012 to 2020, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Singapore (X% per year).

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

From 2012 to 2020, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Malaysia (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, declining by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2020, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :