Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the UK - 2024
Contents:
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the UK (CIF) - 2024
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the UK (FOB) - 2022
- Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in the UK
- Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in the UK
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the UK (CIF) - 2024
In February 2024, the average import price for containers for compressed or liquefied gas, of iron or steel amounted to $13.6 per unit, reducing by -71.2% against the previous month. Overall, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 54% month-to-month. Over the period under review, average import prices attained the peak figure at $64.8 per unit in March 2023; however, from April 2023 to February 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was India ($151 per unit), while the price for Austria ($3.2 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by India (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the UK (FOB) - 2022
The average export price for containers for compressed or liquefied gas, of iron or steel stood at $87 per unit in 2022, waning by -14.1% against the previous year. Over the period under review, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. The export price peaked at $122 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($209 per unit), while the average price for exports to Qatar ($24 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 Norway (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in the UK
In 2022, imports of containers for compressed or liquefied gas, of iron or steel into the UK skyrocketed to 5.3M units, with an increase of 57% on 2021 figures. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 iron or steel skyrocketed to $149M in 2022. The total import value increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 22.2 | 19.5 | 23.1 | 25.6 | 4.9% |
| Germany | 16.3 | 12.7 | 12.9 | 18.1 | 3.6% |
| Turkey | 10.0 | 12.9 | 20.7 | 17.9 | 21.4% |
| Czech Republic | 6.6 | 9.9 | 10.2 | 17.9 | 39.5% |
| Austria | 11.5 | 8.9 | 4.7 | 13.2 | 4.7% |
| Italy | 5.4 | 6.9 | 10.4 | 12.1 | 30.9% |
| China | 8.9 | 9.3 | 10.3 | 10.5 | 5.7% |
| Thailand | 3.0 | 3.6 | 5.1 | 6.1 | 26.7% |
| France | 6.5 | 15.0 | 1.4 | 5.5 | -5.4% |
| Others | 24.8 | 21.8 | 17.3 | 22.1 | -3.8% |
| Total | 115 | 121 | 116 | 149 | 9.0% |
Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to the UK in 2022:
- Austria (1387.9K units)
- Portugal (903.1K units)
- Turkey (793.1K units)
- Czech Republic (459.1K units)
- Germany (407.0K units)
- China (378.5K units)
- Italy (328.7K units)
- Thailand (284.5K units)
- France (131.3K units)
Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in the UK
Exports of containers for compressed or liquefied gas, of iron or steel from the UK reached 886K units in 2022, with an increase of 10% against the previous year. In general, total exports indicated a resilient 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, exports increased by +53.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of containers for compressed or liquefied gas, of iron or steel fell to $77M in 2022. The total export value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14%. Over the period under review, the exports of reached the maximum at $81M in 2021, and then contracted in the following year.
| Export of Containers for Compressed or Liquefied Gas, of Iron or Steel in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.5 | 9.4 | 18.1 | 11.3 | -0.6% |
| France | 3.6 | 5.4 | 6.8 | 5.8 | 17.2% |
| Switzerland | 3.0 | 2.5 | 2.8 | 5.6 | 23.1% |
| Netherlands | 2.3 | 1.7 | 4.2 | 5.0 | 29.5% |
| United States | 3.1 | 2.2 | 3.6 | 4.5 | 13.2% |
| Ireland | 5.7 | 4.3 | 7.6 | 4.3 | -9.0% |
| Brazil | 0.3 | 0.1 | 0.8 | 3.6 | 128.9% |
| Norway | 2.6 | 1.1 | 1.5 | 3.2 | 7.2% |
| China | 1.0 | 3.6 | 2.7 | 2.8 | 40.9% |
| Spain | 1.9 | 0.9 | 3.0 | 2.0 | 1.7% |
| Belgium | 0.2 | 0.2 | 2.3 | 1.5 | 95.7% |
| Qatar | 1.0 | 1.4 | 0.4 | 1.2 | 6.3% |
| Azerbaijan | 0.2 | 0.2 | 0.4 | 1.2 | 81.7% |
| Others | 30.1 | 43.1 | 26.8 | 24.8 | -6.3% |
| Total | 66.7 | 76.1 | 80.9 | 76.8 | 4.8% |
Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from the UK in 2022:
- France (148.1K units)
- Netherlands (93.1K units)
- Ireland (88.5K units)
- Germany (84.2K units)
- Qatar (50.3K units)
- Belgium (48.5K units)
- China (35.8K units)
- Norway (33.8K units)
- Brazil (32.8K units)
- Switzerland (26.7K units)
- United States (26.4K units)
- Spain (21.8K units)
- Azerbaijan (21.6K units)
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