Southern 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 Southern Asia

For the ninth consecutive year, the South 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% from 2012 to 2020; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market reached the peak level in 2020 and is likely to continue growth in years to come.

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

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%. The level of production peaked in 2020 and is likely to continue growth in the near future.

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

Exports in Southern Asia

In 2020, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Southern Asia declined significantly to X units, falling by X% against 2019. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X units. From 2018 to 2020, the growth of the exports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir exports reduced to $X in 2020. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

India represented the major exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Pakistan (X units), constituting an X% share of total exports.

From 2012 to 2020, average annual rates of growth with regard to iron, steel or aluminium reservoir exports from India stood at X%. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2020. From 2012 to 2020, the share of Pakistan increased by X percentage points.

In value terms, India ($X) remains the largest iron, steel or aluminium reservoir supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value in India stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2020, surging by X% against the previous year. Over the last eight years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Pakistan amounted to $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by India (X%).

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

Imports in Southern Asia

In 2020, supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to X units, falling for the third year in a row after four years of growth. Over the period under review, imports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X units in 2017; however, from 2018 to 2020, imports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir imports reduced notably to $X in 2020. Total imports indicated a slight 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 decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh (X units) and India (X units) represented roughly X% of total imports in 2020. Sri Lanka (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (X%) and Pakistan (X%). Afghanistan (X units) held a minor share of total imports.

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

In value terms, the largest iron, steel or aluminium reservoir importing markets in Southern Asia were India ($X), Bangladesh ($X) and Sri Lanka ($X), with a combined X% share of total imports.

In terms of the main importing countries, Bangladesh, 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 more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2020, reducing by X% against the previous year. Overall, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2020, 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 Pakistan ($X per unit), while Nepal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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