Europe: Market for Containers for compressed or liquefied gas, of iron or steel 2024

Market Size for Containers for compressed or liquefied gas, of iron or steel in Europe

In 2023, the Europe market for containers for compressed or liquefied gas, of iron or steel increased by X% to $X, rising for the third year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in the near future.

Production of Containers for compressed or liquefied gas, of iron or steel in Europe

In value terms, production of containers for compressed or liquefied gas, of iron or steel soared to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Containers for compressed or liquefied gas, of iron or steel

Exports in Europe

In 2023, approx. X units of containers for compressed or liquefied gas, of iron or steel were exported in Europe; picking up by X% on 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of containers for compressed or liquefied gas, of iron or steel expanded rapidly to $X in 2023. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure in 2023 and are likely to see steady growth in years to come.

Exports by Country

The biggest shipments were from Italy (X units), the Czech Republic (X units), Poland (X units), Germany (X units), Portugal (X units), Luxembourg (X units), Norway (X units) and Austria (X units), together recording X% of total export. Belgium (X units), Spain (X units), the UK (X units), the Netherlands (X units) and Belarus (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Norway (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Poland, Portugal, Austria, the UK, Spain, Belgium, the Netherlands, Luxembourg, Belarus and Norway lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Imports of Containers for compressed or liquefied gas, of iron or steel

Imports in Europe

In 2023, the amount of containers for compressed or liquefied gas, of iron or steel imported in Europe rose to X units, picking up by X% compared with 2022 figures. Total imports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports of hit record highs in 2023 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 rose sharply to $X in 2023. Total imports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure in 2023 and are expected to retain growth in years to come.

Imports by Country

The UK (X units) and Germany (X units) were the largest importers of containers for compressed or liquefied gas, of iron or steel in 2023, resulting at approx. X% and X% of total imports, respectively. France (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%), the Netherlands (X%), Italy (X%), Spain (X%) and Russia (X%). Sweden (X units), Romania (X units), Belgium (X units), Norway (X units) and the Czech Republic (X units) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest containers for compressed or liquefied gas, of iron or steel importing markets in Europe were Germany ($X), the UK ($X) and France ($X), together comprising X% of total imports. Poland, Italy, Spain, the Netherlands, Russia, Romania, Belgium, the Czech Republic, Norway and Sweden lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform