Price for Containers for Compressed or Liquefied Gas, of Aluminium in China - 2024

Contents:

  1. Price for Containers for Compressed or Liquefied Gas, of Aluminium in China (FOB) - 2022
  2. Price for Containers for Compressed or Liquefied Gas, of Aluminium in China (CIF) - 2022
  3. Exports of Containers for Compressed or Liquefied Gas, of Aluminium in China
  4. Imports of Containers for Compressed or Liquefied Gas, of Aluminium in China

Price for Containers for Compressed or Liquefied Gas, of Aluminium in China (FOB) - 2022

The average export price for containers for compressed or liquefied gas, of aluminium stood at $12 per unit in 2022, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2018 an increase of 12%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($20 per unit), while the average price for exports to the Philippines ($8.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Containers for Compressed or Liquefied Gas, of Aluminium in China (CIF) - 2022

In 2022, the average import price for containers for compressed or liquefied gas, of aluminium amounted to $38 per unit, which is down by -19.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 47% against the previous year. As a result, import price reached the peak level of $52 per unit. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($83 per unit), while the price for South Korea ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Containers for Compressed or Liquefied Gas, of Aluminium in China

After three years of growth, shipments abroad of containers for compressed or liquefied gas, of aluminium decreased by -18% to 6.7M units in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. The exports peaked at 8.2M units in 2021, and then plummeted in the following year.

In value terms, exports of containers for compressed or liquefied gas, of aluminium dropped to $79M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year. Over the period under review, the exports of reached the peak figure at $87M in 2021, and then reduced in the following year.

Export of Containers for Compressed or Liquefied Gas, of Aluminium in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6.17.713.615.235.6%
Japan1.93.46.013.893.7%
Netherlands2.218.819.49.462.3%
United Kingdom1.52.93.54.139.8%
Philippines2.42.83.84.018.6%
South Korea3.03.63.13.99.1%
United Arab Emirates5.72.22.52.0-29.5%
Australia0.81.01.31.626.0%
Indonesia0.70.30.71.528.9%
Germany8.25.43.61.4-44.5%
Canada0.20.10.51.176.5%
Vietnam0.70.70.71.116.3%
Hong Kong SAR1.42.35.00.7-20.6%
Others15.017.023.119.49.0%
Total49.768.286.779.216.8%

Top Export Markets for Containers for Compressed or Liquefied Gas, of Aluminium from China in 2022:

  1. United States (1746.8K units)
  2. Japan (1076.6K units)
  3. Netherlands (566.2K units)
  4. Philippines (457.2K units)
  5. South Korea (380.5K units)
  6. United Kingdom (209.2K units)
  7. United Arab Emirates (197.3K units)
  8. Canada (118.2K units)
  9. Indonesia (116.3K units)
  10. Australia (112.9K units)
  11. Vietnam (108.8K units)
  12. Germany (90.8K units)
  13. Hong Kong SAR (50.4K units)

Imports of Containers for Compressed or Liquefied Gas, of Aluminium in China

In 2022, imports of containers for compressed or liquefied gas, of aluminium into China skyrocketed to 365K units, picking up by 34% against the previous year's figure. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of containers for compressed or liquefied gas, of aluminium expanded sharply to $14M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

Import of Containers for Compressed or Liquefied Gas, of Aluminium in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.85.76.47.38.0%
South Korea0.40.41.02.481.7%
Austria0.61.42.12.151.8%
Germany3.30.61.40.6-43.3%
United Kingdom0.91.20.90.3-30.7%
Taiwan (Chinese)0.2N/AN/AN/A0%
Others1.10.60.81.0-3.1%
Total12.39.912.813.83.9%

Top Suppliers of Containers for Compressed or Liquefied Gas, of Aluminium to China in 2022:

  1. South Korea (158.2K units)
  2. Austria (90.6K units)
  3. United States (88.2K units)
  4. United Kingdom (10.4K units)
  5. Germany (7.9K units)
  6. Taiwan (Chinese) (3.4K units)

Source: IndexBox Market Intelligence Platform

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