Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in China - 2024
Contents:
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in China (FOB) - 2024
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in China (CIF) - 2024
- Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in China
- Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in China
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in China (FOB) - 2024
In April 2024, the average export price for containers for compressed or liquefied gas, of iron or steel amounted to $24.4 per unit, approximately equating the previous month. Overall, the export price saw a mild downturn. The pace of growth appeared the most rapid in September 2023 an increase of 13% m-o-m. Over the period under review, the average export prices hit record highs at $29.2 per unit in April 2023; however, from May 2023 to April 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In April 2024, the country with the highest price was South Korea ($41.5 per unit), while the average price for exports to the Philippines ($14.2 per unit) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in China (CIF) - 2024
The average import price for containers for compressed or liquefied gas, of iron or steel stood at $118 per unit in April 2024, reducing by -9.1% against the previous month. In general, the import price continues to indicate a slight decline. The growth pace was the most rapid in March 2024 an increase of 35% m-o-m. Over the period under review, average import prices reached the peak figure at $145 per unit in April 2023; however, from May 2023 to April 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($270 per unit), while the price for South Korea ($98.9 per unit) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by the UK (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in China
In 2022, after three years of growth, there was significant decline in overseas shipments of containers for compressed or liquefied gas, of iron or steel, when their volume decreased by -12.3% to 39M units. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.1% 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 +26.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 39%. As a result, the exports attained the peak of 45M units, and then fell in the following year.
In value terms, exports of containers for compressed or liquefied gas, of iron or steel dropped to $1.1B in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.7% 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 +54.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, the exports reached the peak of $1.2B, and then contracted in the following year.
| Export of Containers for Compressed or Liquefied Gas, of Iron or Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 86.2 | 83.9 | 91.3 | 126 | 13.5% |
| India | 16.1 | 21.1 | 62.0 | 47.5 | 43.4% |
| Nigeria | 51.2 | 31.3 | 32.2 | 46.3 | -3.3% |
| Taiwan (Chinese) | 18.6 | 23.0 | 36.7 | 45.3 | 34.5% |
| Philippines | 30.4 | 38.1 | 68.2 | 39.5 | 9.1% |
| South Korea | 37.3 | 24.3 | 73.2 | 38.7 | 1.2% |
| Indonesia | 22.4 | 24.4 | 52.5 | 37.5 | 18.7% |
| Vietnam | 28.5 | 19.4 | 37.5 | 36.0 | 8.1% |
| Poland | 6.3 | 8.0 | 26.7 | 32.3 | 72.4% |
| Angola | 0.2 | 0.4 | 0.2 | 30.9 | 436.6% |
| Thailand | 17.2 | 18.4 | 31.7 | 30.0 | 20.4% |
| Germany | 9.4 | 14.5 | 33.4 | 24.0 | 36.7% |
| Yemen | 19.3 | 19.4 | 13.9 | 13.5 | -11.2% |
| Others | 379 | 429 | 620 | 570 | 14.6% |
| Total | 722 | 755 | 1,180 | 1,117 | 15.7% |
Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from China in 2022:
- United States (3.3M units)
- Philippines (2.4M units)
- India (2.2M units)
- Nigeria (2.0M units)
- Indonesia (1.6M units)
- Poland (1.3M units)
- Vietnam (1.2M units)
- Thailand (1.2M units)
- Taiwan (Chinese) (1.1M units)
- South Korea (1.0M units)
- Yemen (1.0M units)
- Angola (0.9M units)
- Germany (0.9M units)
Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in China
For the third year in a row, China recorded decline in supplies from abroad of containers for compressed or liquefied gas, of iron or steel, which decreased by -16.6% to 786K units in 2022. Over the period under review, imports showed a abrupt decline. The smallest decline of -3.2% was in 2021. Imports peaked at 1.1M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of containers for compressed or liquefied gas, of iron or steel rose rapidly to $90M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Containers for Compressed or Liquefied Gas, of Iron or Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 33.5 | 32.7 | 35.0 | 32.4 | -1.1% |
| Japan | 6.9 | 10.7 | 16.1 | 24.2 | 51.9% |
| United States | 11.1 | 12.3 | 13.5 | 15.5 | 11.8% |
| United Kingdom | 1.7 | 3.5 | 1.9 | 7.3 | 62.5% |
| Germany | 3.7 | 4.3 | 4.0 | 3.8 | 0.9% |
| Italy | 20.5 | 2.7 | 2.1 | 1.5 | -58.2% |
| Thailand | N/A | 7.6 | 0.1 | 1.1 | -62.0% |
| Others | 7.0 | 5.1 | 10.5 | 4.4 | -14.3% |
| Total | 84.5 | 79.0 | 83.2 | 90.2 | 2.2% |
Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to China in 2022:
- South Korea (271.8K units)
- Japan (180.8K units)
- United States (171.4K units)
- United Kingdom (37.5K units)
- Thailand (37.1K units)
- Germany (10.3K units)
- Italy (7.0K units)
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