Asia-Pacific: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2024

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Asia-Pacific

The Asia-Pacific market for aluminium casks, drums, cans, boxes and similar containers shrank slightly to $X in 2022, remaining constant against the previous year. In general, consumption, however, saw a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Asia-Pacific

In value terms, production of aluminium casks, drums, cans, boxes and similar containers declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports in Asia-Pacific

After five years of growth, shipments abroad of aluminium casks, drums, cans, boxes and similar containers decreased by X% to X units in 2022. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then declined sharply in the following year.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers reduced to $X in 2022. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, China (X units) represented the key exporter of aluminium casks, drums, cans, boxes and similar containers, committing X% of total exports. Vietnam (X units) held the second position in the ranking, followed by Malaysia (X units), Thailand (X units), Indonesia (X units), India (X units) and New Zealand (X units). All these countries together took near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to aluminium cask, drum, can, box and similar container exports from China stood at X%. At the same time, Malaysia (X%), Vietnam (X%), New Zealand (X%), India (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Vietnam and Malaysia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aluminium cask, drum, can, box and similar container supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced more modest paces of growth.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports in Asia-Pacific

In 2022, purchases abroad of aluminium casks, drums, cans, boxes and similar containers increased by X% to X units, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Cambodia (X units), distantly followed by South Korea (X units), Thailand (X units), Papua New Guinea (X units), Vietnam (X units), Australia (X units) and Hong Kong SAR (X units) represented the major importers of aluminium casks, drums, cans, boxes and similar containers, together comprising X% of total imports. Malaysia (X units), India (X units), Afghanistan (X units), Singapore (X units), Indonesia (X units) and Bangladesh (X units) followed a long way behind the leaders.

Cambodia was also the fastest-growing in terms of the aluminium casks, drums, cans, boxes and similar containers imports, with a CAGR of X% from 2012 to 2022. At the same time, Afghanistan (X%), Papua New Guinea (X%), South Korea (X%), Vietnam (X%), Australia (X%) and Bangladesh (X%) displayed positive paces of growth. By contrast, India (X%), Singapore (X%), Thailand (X%), Hong Kong SAR (X%), Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Cambodia (X p.p.), Papua New Guinea (X p.p.), South Korea (X p.p.), Vietnam (X p.p.), Australia (X p.p.) and Afghanistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.), Malaysia (X p.p.), Indonesia (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cambodia ($X) constitutes the largest market for imported aluminium casks, drums, cans, boxes and similar containers in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Cambodia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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