World - Vacuum Vessels - Market Analysis, Forecast, Size, Trends And Insights
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The global market for vacuum flasks and vessels is expected to continue growing over the next eight years, with consumption and production levels on the rise. The article highlights key trends in market performance, including consumption data, production statistics, import and export figures, and average prices. Key consuming countries such as the United States, China, and India are identified, along with their growth rates in terms of consumption and production. Import and export data indicate a resilient expansion in global trade of vacuum flasks and vessels, with China leading the way in both exports and production. The average export price for these products is also discussed, showing varying trends across different countries over the past decade.
Market Forecast
Driven by increasing demand for vacuum flasks and vessels worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market volume to 1.2B units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $6.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Vacuum Flasks and Vessels
For the fifth consecutive year, the global market recorded growth in consumption of vacuum flasks and vessels, which increased by 14% to 1.1B units in 2022. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +95.5% against 2014 indices. Over the period under review, global consumption hit record highs in 2022 and is likely to see steady growth in years to come.
The global vacuum flask and vessel market value soared to $4.7B in 2022, rising by 16% 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). Overall, consumption saw a prominent expansion. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in years to come.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (213M units), China (157M units) and India (70M units), with a combined 42% share of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the United States (with a CAGR of +22.5%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($1.2B) led the market, alone. The second position in the ranking was held by China ($540M). It was followed by Japan.
In the United States, the vacuum flask and vessel market increased at an average annual rate of +26.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: China (+6.2% per year) and Japan (+3.0% per year).
In 2022, the highest levels of vacuum flask and vessel per capita consumption was registered in the United Arab Emirates (2,041 units per 1000 persons), followed by Canada (712 units per 1000 persons), the United States (636 units per 1000 persons) and South Korea (336 units per 1000 persons), while the world average per capita consumption of vacuum flask and vessel was estimated at 134 units per 1000 persons.
In the United Arab Emirates, vacuum flask and vessel per capita consumption remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (+10.5% per year) and the United States (+21.7% per year).
Production
World Production of Vacuum Flasks and Vessels
For the fifth year in a row, the global market recorded growth in production of vacuum flasks and vessels, which increased by 9.2% to 1.3B units in 2022. In general, production showed a strong expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 31%. Global production peaked in 2022 and is likely to continue growth in the immediate term.
In value terms, vacuum flask and vessel production declined to $4.5B in 2022 estimated in export price. Overall, production enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 24% against the previous year. Over the period under review, global production attained the peak level at $5B in 2021, and then shrank in the following year.
Production By Country
China (1.1B units) constituted the country with the largest volume of vacuum flask and vessel production, accounting for 84% of total volume. It was followed by India (31M units), with a 2.5% share of total production.
In China, vacuum flask and vessel production increased at an average annual rate of +8.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+1.1% per year) and Brazil (+1.6% per year).
Imports
World Imports of Vacuum Flasks and Vessels
In 2022, the amount of vacuum flasks and vessels imported worldwide soared to 830M units, with an increase of 20% on 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.1% against 2014 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, vacuum flask and vessel imports soared to $4.2B in 2022. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Global imports peaked in 2022 and are expected to retain growth in years to come.
Imports By Country
In 2022, the United States (232M units) represented the key importer of vacuum flasks and vessels, creating 28% of total imports. It was distantly followed by India (41M units), mixing up a 5% share of total imports. Mexico (32M units), Canada (29M units), Japan (26M units), Nigeria (25M units), Germany (24M units), the United Arab Emirates (22M units), Brazil (19M units), South Korea (18M units), the Netherlands (16M units), Tanzania (16M units) and the UK (15M units) took a relatively small share of total imports.
From 2012 to 2022, average annual rates of growth with regard to vacuum flask and vessel imports into the United States stood at +22.0%. At the same time, Brazil (+26.0%), Mexico (+21.9%), India (+15.2%), the Netherlands (+14.6%), Canada (+11.9%), the UK (+8.8%), South Korea (+6.4%), Germany (+5.5%) and the United Arab Emirates (+2.1%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of +26.0% from 2012-2022. By contrast, Nigeria (-1.5%), Japan (-1.6%) and Tanzania (-6.3%) illustrated a downward trend over the same period. The United States (+20 p.p.), Mexico (+2.8 p.p.), India (+2.5 p.p.) and Brazil (+1.9 p.p.) significantly strengthened its position in terms of the global imports, while the United Arab Emirates, Nigeria, Japan and Tanzania saw its share reduced by -1.7%, -4%, -4.2% and -5.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($1.3B) constitutes the largest market for imported vacuum flasks and vessels worldwide, comprising 32% of global imports. The second position in the ranking was taken by Japan ($256M), with a 6.1% share of global imports. It was followed by Canada, with a 5.4% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +26.7%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+1.3% per year) and Canada (+20.0% per year).
Import Prices By Country
The average vacuum flask and vessel import price stood at $5 per unit in 2022, increasing by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2014 an increase of 13% against the previous year. Global import price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($9.9 per unit), while Tanzania ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Vacuum Flasks and Vessels
For the fifth year in a row, the global market recorded growth in shipments abroad of vacuum flasks and vessels, which increased by 12% to 1B units in 2022. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, vacuum flask and vessel exports surged to $5.2B in 2022. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.
Exports By Country
China prevails in exports structure, accounting for 903M units, which was near 88% of total exports in 2022. The following exporters - the United States (19M units) and the Netherlands (17M units) - each amounted to a 3.5% share of total exports.
Exports from China increased at an average annual rate of +8.7% from 2012 to 2022. At the same time, the Netherlands (+23.0%) and the United States (+17.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.0% from 2012-2022. China (+4.3 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($4.2B) remains the largest vacuum flask and vessel supplier worldwide, comprising 80% of global exports. The second position in the ranking was taken by the United States ($187M), with a 3.6% share of global exports.
From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +13.2%. In the other countries, the average annual rates were as follows: the United States (+27.2% per year) and the Netherlands (+21.2% per year).
Export Prices By Country
The average vacuum flask and vessel export price stood at $5.1 per unit in 2022, surging by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2014 when the average export price increased by 45% against the previous year. As a result, the export price reached the peak level of $5.3 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($10 per unit), while China ($4.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.2%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global market for vacuum flask and vessel. 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 2030.
Product coverage:
- Prodcom 32995960 - Vacuum flasks and other vacuum vessels, complete with cases, and parts thereof (excluding separate glass inners)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023