Indonesia: 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 Indonesia

The Indonesian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers was estimated at $X in 2020, growing by X% against the previous year. The market 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. Over the period under review, the market reached the maximum level 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 Indonesia

In value terms, iron, steel or aluminium reservoir production surged to $X in 2020 estimated in export price. In general, production posted a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Iron, steel or aluminium reservoir production peaked in 2020 and is likely to see steady growth in years to come.

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

Exports from Indonesia

In 2020, approx. X units of iron, steel or aluminium reservoirs, tanks, vats and similar containers were exported from Indonesia; shrinking by X% compared with the previous year's figure. Overall, exports faced a sharp descent. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir exports shrank dramatically to $X in 2020. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for iron, steel or aluminium reservoir exports from Indonesia, with a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Singapore exceeded the volume sent to the second major destination, Malaysia (X units), more than tenfold. South Korea (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and South Korea (X% per year).

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

From 2012 to 2020, the average annual growth rate of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Korea (X% per year).

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 showed a relatively flat trend pattern. As a result, the export 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 suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($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 Qatar (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 Indonesia

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers imported into Indonesia contracted to X units, shrinking by X% against the previous year. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports rose to $X in 2020. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, China (X units) constituted the largest iron, steel or aluminium reservoir supplier to Indonesia, with a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. The third position in this ranking was held by Singapore (X units), with a X% share.

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

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

From 2012 to 2020, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Italy (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, picking up by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit; afterwards, it flattened through to 2020.

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

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

Source: IndexBox Platform

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