Latest Report Update: Oct 14, 2019

U.S. Metal Tank (Heavy Gauge) Market. Analysis And Forecast to 2025

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U.S.: Metal Tank Market Overview 2019

Metal Tank Market Size in the U.S.

The revenue of the metal tank market in the U.S. amounted to $X in 2018, lowering by -X% against the previous year. In general, metal tank consumption continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2014 when the market value decreased by -X% year-to-year. Over the period under review, the metal tank market reached its maximum level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Metal Tank Production in the U.S.

In value terms, metal tank production amounted to $X in 2018. Over the period under review, metal tank production continues to indicate a drastic reduction. The growth pace was the most rapid in 2014 when production volume decreased by -X% y-o-y. Metal tank production peaked at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Metal Tank Exports

Exports from the U.S.

Metal tank exports from the U.S. totaled X tonnes in 2018, dropping by -X% against the previous year. Overall, metal tank exports continue to indicate an abrupt decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, metal tank exports attained their peak figure at X tonnes in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, metal tank exports amounted to $X in 2018. Overall, metal tank exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. In that year, metal tank exports reached their peak of $X. From 2015 to 2018, the growth of metal tank exports failed to regain its momentum.

Exports by Country

Indonesia (X tonnes), Thailand (X tonnes) and Marshall Islands (X tonnes) were the main destinations of metal tank exports from the U.S., with a combined X% share of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Marshall Islands (+X% per year), while the other leaders experienced more modest paces of growth.

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

From 2013 to 2018, the average annual rate of growth in terms of value to Marshall Islands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Liberia (+X% per year).

Export Prices by Country

In 2018, the average metal tank export price amounted to $X per tonne, picking up by X% against the previous year. Over the last five-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. In that year, the average export prices for metal tank (heavy gauge) reached their peak level and is likely to continue its growth in the immediate term.

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

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Marshall Islands, while the prices for the other major destinations experienced more modest paces of growth.

Metal Tank Imports

Imports into the U.S.

In 2018, the imports of metal tank (heavy gauge) into the U.S. amounted to X tonnes, going up by X% against the previous year. Overall, the total imports indicated a remarkable expansion from 2013 to 2018: its volume increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, metal tank imports reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, metal tank imports stood at $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, metal tank imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (X tonnes) constituted the largest metal tank supplier to the U.S., with a X% share of total imports. Moreover, metal tank imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), more than tenfold. Japan (X tonnes) ranked third in terms of total imports with a X% share.

From 2013 to 2018, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Japan (+X% per year).

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

From 2013 to 2018, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Japan (-X% per year).

Import Prices by Country

In 2018, the average metal tank import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the metal tank import price continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was South Korea ($X per tonne), while the price for Thailand ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

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 2025
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 2013–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2013–2018
Table 3:
Market Value, 2013–2018
Table 4:
Per Capita Consumption In 2013–2018
Table 5:
Imports, In Physical Terms, By Country, 2013–2018
Table 6:
Imports, In Value Terms, By Country, 2013–2018
Table 7:
Import Prices, By Country Of Origin, 2013–2018
Table 8:
Exports, In Physical Terms, By Country, 2013–2018
Table 9:
Exports, In Value Terms, By Country, 2013–2018
Table 10:
Export Prices, By Country Of Destination, 2013–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2018
Figure 2:
Market Value, 2013–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2018
Figure 5:
Trade Balance, In Physical Terms, 2013–2018
Figure 6:
Trade Balance, In Value Terms, 2013–2018
Figure 7:
Per Capita Consumption, 2013–2018
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, 2013–2018
Figure 21:
Production, In Value Terms, 2013–2018
Figure 22:
Imports, In Physical Terms, 2013–2018
Figure 23:
Imports, In Value Terms, 2013–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2013–2018
Figure 26:
Imports, In Value Terms, By Country, 2013–2018
Figure 27:
Import Prices, By Country Of Origin, 2013–2018
Figure 28:
Exports, In Physical Terms, 2013–2018
Figure 29:
Exports, In Value Terms, 2013–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2013–2018
Figure 32:
Exports, In Value Terms, By Country, 2013–2018
Figure 33:
Export Prices, By Country Of Destination, 2013–2018
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