Vietnam: 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 Vietnam

After three years of growth, the Vietnamese market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to $X in 2020. Overall, consumption recorded a relatively flat trend pattern. Iron, steel or aluminium reservoir consumption peaked at $X in 2019, and then declined slightly in the following year.

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

In value terms, iron, steel or aluminium reservoir production rose remarkably to $X in 2020 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2020: its value 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, production increased by X% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Iron, steel or aluminium reservoir production peaked in 2020 and is likely to see steady growth in the immediate term.

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

Exports from Vietnam

In 2020, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2020 and are likely to see steady growth in years to come.

In value terms, iron, steel or aluminium reservoir exports rose to $X in 2020. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked in 2020 and are likely to continue growth in the near future.

Exports by Country

Japan (X units), the United States (X units) and Australia (X units) were the main destinations of iron, steel or aluminium reservoir exports from Vietnam, together comprising X% of total exports. Tanzania, Indonesia, South Korea, Saudi Arabia, Thailand, Cambodia and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Australia ($X) were the largest markets for iron, steel or aluminium reservoir exported from Vietnam worldwide, together comprising X% of total exports. Indonesia, Tanzania, South Korea, Saudi Arabia, Thailand, Malaysia and Cambodia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Tanzania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, the export price enjoyed strong growth. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2020, the export prices stood at a somewhat lower figure.

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 Saudi Arabia ($X per unit), while the average price for exports to Cambodia ($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 South Korea (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 Vietnam

Iron, steel or aluminium reservoir imports into Vietnam fell to X units in 2020, which is down by X% compared with the year before. Over the period under review, imports showed a mild setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2020, the growth of imports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir imports declined modestly to $X in 2020. Overall, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

South Korea (X units), China (X units) and Thailand (X units) were the main suppliers of iron, steel or aluminium reservoir imports to Vietnam, with a combined X% share of total imports. Japan, India, Taiwan (Chinese), Malaysia, Spain, Germany and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Thailand ($X) appeared to be the largest iron, steel or aluminium reservoir suppliers to Vietnam, together accounting for X% of total imports. Japan, Taiwan (Chinese), India, Spain, Malaysia, Germany and the United States lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, 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, picking up by X% against the previous year. Overall, the import price, however, recorded a noticeable decrease. The import price peaked at $X per unit in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for Malaysia ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :