Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the United States - 2024
Contents:
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the United States (CIF) - 2022
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the United States (FOB) - 2022
- Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in the United States
- Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in the United States
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the United States (CIF) - 2022
In 2022, the average import price for containers for compressed or liquefied gas, of iron or steel amounted to $47 per unit, rising by 8.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18%. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($827 per unit), while the price for Taiwan (Chinese) ($18 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+41.5%), 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 United States (FOB) - 2022
The average export price for containers for compressed or liquefied gas, of iron or steel stood at $35 per unit in 2022, falling by -26% against the previous year. In general, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $52 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($192 per unit), while the average price for exports to Mexico ($16 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 Spain (+16.0%), 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 United States
In 2022, the amount of containers for compressed or liquefied gas, of iron or steel imported into the United States surged to 13M units, jumping by 29% compared with the previous year's figure. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of containers for compressed or liquefied gas, of iron or steel skyrocketed to $609M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 44%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Containers for Compressed or Liquefied Gas, of Iron or Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 82.7 | 72.9 | 117 | 155 | 23.3% |
| China | 81.5 | 80.9 | 56.1 | 95.8 | 5.5% |
| Thailand | 23.8 | 27.7 | 50.9 | 76.6 | 47.6% |
| India | 9.0 | 7.9 | 33.7 | 61.3 | 89.6% |
| Canada | 17.1 | 20.1 | 21.9 | 29.3 | 19.7% |
| Portugal | 8.9 | 6.7 | 16.7 | 29.2 | 48.6% |
| Vietnam | 3.3 | 10.3 | 24.0 | 28.9 | 106.1% |
| Taiwan (Chinese) | 5.3 | 7.4 | 5.9 | 5.7 | 2.5% |
| Others | 74.7 | 68.1 | 108 | 128 | 19.7% |
| Total | 307 | 302 | 434 | 609 | 25.6% |
Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to the United States in 2022:
- India (3.4M units)
- Thailand (3.1M units)
- China (2.5M units)
- Vietnam (1.1M units)
- Portugal (0.8M units)
- Canada (0.5M units)
- Taiwan (Chinese) (0.3M units)
- Mexico (0.2M units)
Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in the United States
In 2022, exports of containers for compressed or liquefied gas, of iron or steel from the United States skyrocketed to 11M units, with an increase of 31% against the previous year's figure. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.5% 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 +55.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of containers for compressed or liquefied gas, of iron or steel contracted modestly to $387M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 8.5%. As a result, the exports reached the peak of $400M, and then declined modestly in the following year.
| Export of Containers for Compressed or Liquefied Gas, of Iron or Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 129 | 111 | 129 | 153 | 5.9% |
| Mexico | 38.6 | 37.5 | 38.0 | 43.3 | 3.9% |
| Japan | 16.3 | 13.3 | 18.1 | 20.1 | 7.2% |
| China | 9.1 | 12.4 | 14.6 | 17.7 | 24.8% |
| India | 5.6 | 8.5 | 7.3 | 14.5 | 37.3% |
| Germany | 14.1 | 13.7 | 16.9 | 11.5 | -6.6% |
| Spain | 43.9 | 47.5 | 43.9 | 9.1 | -40.8% |
| United Kingdom | 8.2 | 8.4 | 6.9 | 8.9 | 2.8% |
| Netherlands | 16.0 | 21.1 | 27.0 | 6.9 | -24.4% |
| Saudi Arabia | 7.1 | 5.3 | 6.4 | 4.6 | -13.5% |
| Taiwan (Chinese) | 2.9 | 2.9 | 3.2 | 3.6 | 7.5% |
| Others | 76.7 | 87.2 | 88.1 | 94.3 | 7.1% |
| Total | 368 | 368 | 400 | 387 | 1.7% |
Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from the United States in 2022:
- Canada (4685.4K units)
- Mexico (2748.3K units)
- India (440.9K units)
- Japan (410.2K units)
- United Kingdom (297.8K units)
- China (238.6K units)
- Germany (201.4K units)
- Taiwan (Chinese) (174.2K units)
- Saudi Arabia (159.3K units)
- Netherlands (70.1K units)
- Spain (47.5K units)
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