Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in India - 2023
Contents:
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in India (FOB) - 2022
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in India (CIF) - 2022
- Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in India
- Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in India
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in India (FOB) - 2022
The average export price for containers for compressed or liquefied gas, of iron or steel stood at $38 per unit in 2022, waning by -4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2018 when the average export price increased by 18% against the previous year. The export price peaked at $39 per unit in 2021, and then fell slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($63 per unit), while the average price for exports to Botswana ($22 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 Iraq (+4.7%), 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 India (CIF) - 2022
The average import price for containers for compressed or liquefied gas, of iron or steel stood at $25 per unit in 2022, with a decrease of -15.1% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 6.7% against the previous year. Over the period under review, average import prices attained the maximum at $81 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($213 per unit), while the price for Sri Lanka ($3.4 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 (+8.3%), 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 India
In 2022, the amount of containers for compressed or liquefied gas, of iron or steel exported from India skyrocketed to 3.7M units, picking up by 28% against the previous year. Over the period under review, exports posted a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 63% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of containers for compressed or liquefied gas, of iron or steel skyrocketed to $140M in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Containers for Compressed or Liquefied Gas, of Iron or Steel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.6 | 8.3 | 39.1 | 55.0 | 102.7% |
| Singapore | 1.4 | 1.8 | 2.6 | 7.8 | 77.3% |
| Somalia | 0.1 | 0.1 | 0.5 | 5.8 | 287.1% |
| Bangladesh | 5.6 | 3.5 | 4.6 | 5.7 | 0.6% |
| South Africa | 3.7 | 3.9 | 5.5 | 5.3 | 12.7% |
| Saudi Arabia | 3.6 | 2.9 | 7.3 | 3.8 | 1.8% |
| Nigeria | 9.8 | 1.7 | 1.0 | 3.7 | -27.7% |
| United Arab Emirates | 3.2 | 1.3 | 4.2 | 2.7 | -5.5% |
| Botswana | 0.1 | 0.6 | 0.3 | 2.7 | 200.0% |
| Nepal | 3.2 | 3.8 | 3.6 | 2.3 | -10.4% |
| Thailand | 2.0 | 0.8 | 1.6 | 2.3 | 4.8% |
| Togo | 0.7 | 1.2 | 4.8 | 1.7 | 34.4% |
| Sri Lanka | 3.8 | 0.2 | 1.0 | 0.5 | -49.1% |
| Others | 42.8 | 36.0 | 38.1 | 40.5 | -1.8% |
| Total | 86.7 | 66.0 | 114 | 140 | 17.3% |
Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from India in 2022:
- United States (1515.7K units)
- Somalia (229.5K units)
- Bangladesh (206.1K units)
- South Africa (202.3K units)
- Nigeria (138.5K units)
- Botswana (127.4K units)
- Singapore (123.2K units)
- Nepal (95.9K units)
- United Arab Emirates (68.9K units)
- Thailand (68.1K units)
- Saudi Arabia (65.8K units)
- Togo (49.0K units)
- Sri Lanka (15.7K units)
Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in India
In 2022, after three years of growth, there was significant decline in overseas purchases of containers for compressed or liquefied gas, of iron or steel, when their volume decreased by -31.2% to 2.5M units. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 243%. As a result, imports reached the peak of 3.7M units, and then reduced dramatically in the following year.
In value terms, imports of containers for compressed or liquefied gas, of iron or steel fell dramatically to $64M in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 175% against the previous year. As a result, imports attained the peak of $109M, and then contracted notably in the following year.
| Import of Containers for Compressed or Liquefied Gas, of Iron or Steel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 11.4 | 72.3 | 41.9 | 81.6% |
| Malaysia | 1.4 | 4.9 | 7.7 | 4.0 | 41.9% |
| Russia | N/A | 9.5 | 1.6 | 3.5 | -39.3% |
| Germany | 1.8 | 2.0 | 4.3 | 2.3 | 8.5% |
| Belgium | 2.2 | 2.9 | 2.4 | 1.4 | -14.0% |
| Singapore | 0.4 | 0.6 | 3.9 | 1.1 | 40.1% |
| Kenya | 0.4 | 0.4 | 0.3 | 0.3 | -9.1% |
| Qatar | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Sri Lanka | 0.2 | 0.1 | 0.3 | 0.1 | -20.6% |
| Others | 10.2 | 8.1 | 16.4 | 9.2 | -3.4% |
| Total | 23.7 | 39.8 | 109 | 64.0 | 39.3% |
Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to India in 2022:
- China (1998.8K units)
- Kenya (65.3K units)
- Malaysia (43.5K units)
- Singapore (43.2K units)
- Germany (43.1K units)
- Qatar (40.2K units)
- Belgium (31.5K units)
- Russia (29.5K units)
- Sri Lanka (22.5K units)
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