Pakistan: 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 Pakistan

The Pakistani market for iron, steel or aluminium reservoirs, tanks, vats and similar containers fell remarkably to $X in 2020, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a sharp decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

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

Exports from Pakistan

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported from Pakistan surged to X units, with an increase of X% compared with the previous year. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron, steel or aluminium reservoir exports expanded significantly to $X in 2020. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for iron, steel or aluminium reservoir exports from Pakistan, with a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to the United Arab Emirates exceeded the volume sent to the second major destination, Singapore (X units), more than tenfold. Qatar (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Qatar (X% per year).

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

From 2012 to 2020, the average annual growth rate of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Singapore (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, waning by X% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the United Arab Emirates ($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 India (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Pakistan

For the fourth year in a row, Pakistan recorded decline in overseas purchases of iron, steel or aluminium reservoirs, tanks, vats and similar containers, which decreased by X% to X units in 2020. Overall, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure 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 reduced notably to $X in 2020. In general, imports faced a deep reduction. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X units) constituted the largest iron, steel or aluminium reservoir supplier to Pakistan, 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, the United Arab Emirates (X units), twofold. Turkey (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

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

From 2012 to 2020, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the Czech Republic (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, surging by X% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2020: its price 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, iron, steel or aluminium reservoir import price increased by X% against 2016 indices. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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