MERCOSUR: 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 MERCOSUR

In 2020, after three years of growth, there was decline in the MERCOSUR market for iron, steel or aluminium reservoirs, tanks, vats and similar containers, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2019, and then declined modestly in the following year.

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

In value terms, iron, steel or aluminium reservoir production expanded markedly to $X in 2020 estimated in export price. The total output 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 in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked in 2020 and is likely to see gradual growth in the near future.

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

Exports in MERCOSUR

For the fourth consecutive year, MERCOSUR recorded decline in shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, which decreased by X% to X units in 2020. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports dropped to $X in 2020. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

In 2020, Brazil (X units) was the key exporter of iron, steel or aluminium reservoirs, tanks, vats and similar containers, mixing up X% of total exports. It was distantly followed by Argentina (X units) and Guyana (X units), together generating a X% share of total exports. Chile (X units), Ecuador (X units) and Peru (X units) held a minor share of total exports.

From 2012 to 2020, average annual rates of growth with regard to iron, steel or aluminium reservoir exports from Brazil stood at X%. At the same time, Guyana (X%) and Chile (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2020. By contrast, Ecuador (X%), Peru (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of Guyana and Chile increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest iron, steel or aluminium reservoir supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Brazil, iron, steel or aluminium reservoir exports shrank by an average annual rate of X% over the period from 2012-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2020, flattening at the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2020, the export prices remained at a somewhat 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 Chile ($X per unit), while Guyana ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in MERCOSUR

In 2020, purchases abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X units, rising for the fourth consecutive year after two years of decline. In general, imports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports fell to $X in 2020. Over the period under review, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Peru (X units), distantly followed by Chile (X units), Brazil (X units), Colombia (X units), Argentina (X units) and Ecuador (X units) were the major importers of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together creating X% of total imports. Uruguay (X units) held a little share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest iron, steel or aluminium reservoir importing markets in MERCOSUR were Brazil ($X), Peru ($X) and Chile ($X), with a combined X% share of total imports.

In terms of the main importing countries, Peru, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2020, reducing by X% against the previous year. In general, the import price saw a perceptible decline. The pace of growth was the most pronounced 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 import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, amid the top importers, the country with the highest price was Brazil ($X per unit), while Peru ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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