Latest Report Update: Sep 15, 2021

U.S. Metal Tank (Heavy Gauge) Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Metal Tank Market Overview 2021

Metal Tank Market Size in the U.S.

In 2019, after two years of growth, there was significant decline in the U.S. metal tank market, when its value decreased by -X% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2018, and then contracted in the following year.

Metal Tank Production in the U.S.

In value terms, metal tank production declined to $X in 2019. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.

Metal Tank Exports

Exports from the U.S.

In 2020, the amount of metal tank (heavy gauge) exported from the U.S. declined markedly to X tonnes, shrinking by -X% against 2019. Over the period under review, exports, however, showed a mild increase. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, metal tank exports shrank to $X in 2020. In general, exports, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Singapore (X tonnes), Canada (X tonnes) and South Korea (X tonnes) were the main destinations of metal tank exports from the U.S., together accounting for X% of total exports.

From 2013 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea, while exports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for metal tank exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2013 to 2020, the average annual growth rate of value to Canada totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average metal tank export price amounted to $X per tonne, rising by X% against the previous year. In general, the export price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Metal Tank Imports

Imports into the U.S.

In 2019, the amount of metal tank (heavy gauge) imported into the U.S. reduced to X tonnes, with a decrease of -X% against 2018 figures. In general, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tonnes in 2018, and then declined in the following year.

In value terms, metal tank imports declined notably to $X in 2019. Overall, imports, however, continue to indicate a noticeable expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2019, China (X tonnes) constituted the largest metal tank supplier to the U.S., accounting for a X% share of total imports. Moreover, metal tank imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tonnes), threefold. The third position in this ranking was occupied by Canada (X tonnes), with a X% share.

From 2013 to 2019, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Canada (+X% per year).

In value terms, China ($X) constituted the largest supplier of metal tank to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Mexico (+X% per year).

Import Prices by Country

The average metal tank import price stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of metal tank (heavy gauge) to the U.S.?
+
In value terms, China ($492M) constituted the largest supplier of metal tank to the U.S., comprising 37% of total imports. The second position in the ranking was occupied by Canada ($181M), with a 14% share of total imports. It was followed by Mexico, with a 11% share.
What are the leading importers of metal tank (heavy gauge) from the U.S.?
+
In value terms, Canada ($249M) remains the key foreign market for metal tank exports from the U.S., comprising 22% of total exports. The second position in the ranking was occupied by Mexico ($116M), with a 10% share of total exports. It was followed by Germany, with a 7.3% share.
What is the average export price for metal tank (heavy gauge) in the U.S.?
+
The average metal tank export price stood at $3,441 per tonne in 2020, picking up by 7.3% against the previous year.
What is the average import price for metal tank (heavy gauge) in the U.S.?
+
In 2019, the average metal tank import price amounted to $3,076 per tonne, which is down by -5.5% against the previous year.

Product coverage:
• NAICS 332420 - Metal tank (heavy gauge) manufacturing

This report provides an in-depth analysis of the metal tank market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• Enerfab, Paul Mueller Company
• Caldwell Tanks
• Modern Welding Company
• Flexcon Industries
• Imperial Industries
• Walker Stainless Equipment Company
• Taylor-Wharton International
• CST Industries
• Permian Tank & Manufacturing
• Nooter Corporation
• Polar Corporation
• Mid-State Tank Co.
• Fort Worth F and D Head Company
• James Machine Works
• Challenger Process Systems Co.
• Rocky Mountain Fabrication
• Phoenix Fabricators & Erectors
• Pasadena Tank Corporation
• Wmf
• Truenorth Steel
• Arrow Tank and Engineering Co
• Helgesen Industries
• Mississippi Tank and Manufacturing Company
• Alonso & Carus Iron Works
• Cimarron Energy
• Conner Steel Products
• TW Tank
• Caldwell Group
• Tankcraft Corporation
• Polar Tank Trailers
• Bigbee Steel and Tank Company

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2013–2020
Table 3:
Market Value, 2013–2020
Table 4:
Per Capita Consumption In 2013–2020
Table 5:
Imports, In Physical Terms, By Country, 2013–2020
Table 6:
Imports, In Value Terms, By Country, 2013–2020
Table 7:
Import Prices, By Country Of Origin, 2013–2020
Table 8:
Exports, In Physical Terms, By Country, 2013–2020
Table 9:
Exports, In Value Terms, By Country, 2013–2020
Table 10:
Export Prices, By Country Of Destination, 2013–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2020
Figure 2:
Market Value, 2013–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2020
Figure 5:
Trade Balance, In Physical Terms, 2013–2020
Figure 6:
Trade Balance, In Value Terms, 2013–2020
Figure 7:
Per Capita Consumption, 2013–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2020
Figure 21:
Production, In Value Terms, 2013–2020
Figure 22:
Imports, In Physical Terms, 2013–2020
Figure 23:
Imports, In Value Terms, 2013–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2013–2020
Figure 26:
Imports, In Value Terms, By Country, 2013–2020
Figure 27:
Import Prices, By Country Of Origin, 2013–2020
Figure 28:
Exports, In Physical Terms, 2013–2020
Figure 29:
Exports, In Value Terms, 2013–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2013–2020
Figure 32:
Exports, In Value Terms, By Country, 2013–2020
Figure 33:
Export Prices, By Country Of Destination, 2013–2020

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