United Arab Emirates: 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 the United Arab Emirates

The market for iron, steel or aluminium reservoirs, tanks, vats and similar containers in the United Arab Emirates skyrocketed to $X in 2020, growing 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, however, saw a deep downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

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

Exports from the United Arab Emirates

In 2020, shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports dropped dramatically to $X in 2020. In general, exports faced a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Egypt (X units), Singapore (X units) and Italy (X units) were the main destinations of iron, steel or aluminium reservoir exports from the United Arab Emirates, with a combined X% share of total exports. South Korea, Turkey, Sweden, Zambia, India, Pakistan, Belgium, Ukraine, Germany and South Africa lagged somewhat behind, together comprising a further X%.

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

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

From 2012 to 2020, the average annual growth rate of value to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Sweden (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, surging by X% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2020: its price 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Ukraine ($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 Zambia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the United Arab Emirates

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers imported into the United Arab Emirates soared to X units, jumping by X% against 2019 figures. Over the period under review, imports, however, recorded a abrupt descent. Imports 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 surged to $X in 2020. In general, imports, however, faced a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X units) constituted the largest supplier of iron, steel or aluminium reservoir to the United Arab Emirates, with a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. The third position in this ranking was held by Spain (X units), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Spain (X% per year).

In value terms, South Korea ($X), China ($X) and Italy ($X) constituted the largest iron, steel or aluminium reservoir suppliers to the United Arab Emirates, with a combined X% share of total imports. The United States, India, Germany, Spain, the UK, the Netherlands, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, declining 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 years. 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 2018 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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