Thailand: 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 Thailand

For the fourth year in a row, the Thai 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 relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the peak level in 2020 and is expected to retain growth in years to come.

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

In value terms, iron, steel or aluminium reservoir production expanded remarkably 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; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the peak level in 2020 and is likely to see steady growth in the immediate term.

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

Exports from Thailand

In 2020, shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers was finally on the rise to reach X units for the first time since 2017, thus ending a two-year declining trend. Overall, exports enjoyed a remarkable increase. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports skyrocketed to $X in 2020. In general, total exports indicated noticeable growth 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, exports decreased by X% against 2018 indices. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Bangladesh (X units) and Malaysia (X units) were the main destinations of iron, steel or aluminium reservoir exports from Thailand, with a combined X% share of total exports. Tanzania, the Philippines, Cambodia, Sri Lanka, South Africa, Australia, Vietnam, Myanmar, Cote d'Ivoire and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

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

In value terms, Cambodia ($X), the United States ($X) and Bangladesh ($X) were the largest markets for iron, steel or aluminium reservoir exported from Thailand worldwide, with a combined X% share of total exports. Vietnam, Tanzania, Myanmar, Malaysia, Sri Lanka, South Africa, Australia, Cote d'Ivoire, the Philippines and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, which is down by X% against the previous year. In general, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while the average price for exports to the Philippines ($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 the Philippines (X%), while the prices for the other major destinations experienced a decline.

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

Imports into Thailand

In 2020, approx. X units of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Thailand; increasing by X% on the previous year's figure. In general, imports, however, showed a pronounced curtailment. The growth pace was the most rapid in 2018 when imports increased by X%. Imports 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 soared to $X in 2020. Over the period under review, imports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2020, the growth of imports failed to regain momentum.

Imports by Country

China (X units), India (X units) and Malaysia (X units) were the main suppliers of iron, steel or aluminium reservoir imports to Thailand, together comprising X% of total imports. South Korea, the United States, Japan, Spain and Italy lagged somewhat behind, together accounting for a further X%.

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

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

From 2012 to 2020, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United States (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, with an increase of X% against the previous year. In general, the import price, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2020, the average 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 Italy ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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