South-Eastern Asia: 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 South-Eastern Asia

For the fourth year in a row, the Southeast Asian 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 relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level in 2020 and is likely to see steady growth in years to come.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in South-Eastern Asia

In value terms, iron, steel or aluminium reservoir production surged to $X in 2020 estimated in export price. The total production indicated a buoyant expansion 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, production increased by X% against 2014 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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

Exports in South-Eastern Asia

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported in South-Eastern Asia surged to X units, with an increase of X% on the previous year's figure. Total exports indicated a moderate increase from 2012 to 2020: its volume 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. 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 surged to $X in 2020. The total export value increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the key exporting country with an export of about X units, which reached X% of total exports. Singapore (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%) and Vietnam (X%). Indonesia (X units) took a relatively small share of total exports.

From 2012 to 2020, average annual rates of growth with regard to iron, steel or aluminium reservoir exports from Thailand stood at X%. At the same time, Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2020. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Vietnam (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Indonesia saw its share reduced by X% and X% from 2012 to 2020, respectively.

In value terms, Thailand ($X) remains the largest iron, steel or aluminium reservoir supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in Thailand amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2020, the export price in South-Eastern Asia amounted to $X per unit, waning by X% against the previous year. Overall, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked 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 Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

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

Imports in South-Eastern Asia

In 2020, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers in South-Eastern Asia shrank to X units, with a decrease of X% compared with the year before. In general, imports recorded a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2020, imports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir imports contracted to $X in 2020. Overall, imports showed a pronounced descent. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the Philippines (X units), Thailand (X units), Singapore (X units), Indonesia (X units), Vietnam (X units) and Malaysia (X units) represented the largest importer of iron, steel or aluminium reservoirs, tanks, vats and similar containers in South-Eastern Asia, committing X% of total import. Myanmar (X units) took a little share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (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 South-Eastern Asia were Thailand ($X), Vietnam ($X) and Singapore ($X), together comprising X% of total imports. Indonesia, the Philippines, Malaysia and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the import price in South-Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2020, the 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 Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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