Northern America: 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 Northern America

The North American market for iron, steel or aluminium reservoirs, tanks, vats and similar containers was estimated at $X in 2020, flattening at the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain momentum.

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

In value terms, iron, steel or aluminium reservoir production reduced slightly to $X in 2020 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

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

Exports in Northern America

In 2020, iron, steel or aluminium reservoir exports in Northern America dropped to X units, reducing by X% against 2019. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports dropped to $X in 2020. Overall, exports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2020, the exports failed to regain momentum.

Exports by Country

The United States represented the major exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Canada (X units), generating a X% share of total exports.

From 2012 to 2020, average annual rates of growth with regard to iron, steel or aluminium reservoir exports from the United States stood at X%. Canada (X%) illustrated a downward trend over the same period. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2020, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest iron, steel or aluminium reservoir supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value in the United States amounted to X%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2020, falling by X% against the previous year. Over the last eight years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2020, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (X%).

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

Imports in Northern America

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers imported in Northern America surged to X units, jumping by X% against 2019. The total import volume increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The volume of import peaked at X units in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports reduced to $X in 2020. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2020, the growth of imports remained at a lower figure.

Imports by Country

The United States represented the largest importer of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Northern America, with the volume of imports finishing at X units, which was near X% of total imports in 2020. It was distantly followed by Canada (X units), generating a X% share of total imports.

The United States was also the fastest-growing in terms of the iron, steel or aluminium reservoirs, tanks, vats and similar containers imports, with a CAGR of X% from 2012 to 2020. Canada experienced a relatively flat trend pattern. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2020, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported iron, steel or aluminium reservoirs, tanks, vats and similar containers in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, iron, steel or aluminium reservoir imports expanded at an average annual rate of X% over the period from 2012-2020.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2020, reducing by X% against the previous year. Overall, the import price recorded a mild reduction. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2020, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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