Southern Asia: 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 Southern Asia

In 2023, the South Asian market for containers for compressed or liquefied gas, of iron or steel decreased by X% to $X, falling for the second consecutive year after six years of growth. The total consumption indicated a noticeable expansion 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, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

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

In value terms, production of containers for compressed or liquefied gas, of iron or steel expanded markedly to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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

Exports in Southern Asia

In 2023, overseas shipments of containers for compressed or liquefied gas, of iron or steel increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, saw a mild contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, exports of containers for compressed or liquefied gas, of iron or steel soared 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%. Over the period under review, the exports of reached the peak figure in 2023 and are likely to continue growth in the immediate term.

Exports by Country

In 2023, India (X units) was the largest exporter of containers for compressed or liquefied gas, of iron or steel in Southern Asia, making up X% of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of containers for compressed or liquefied gas, of iron or steel. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest containers for compressed or liquefied gas, of iron or steel supplier in Southern Asia.

From 2012 to 2023, the average annual growth rate of value in India amounted to X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked in 2023 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

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

Imports in Southern Asia

In 2023, purchases abroad of containers for compressed or liquefied gas, of iron or steel decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of containers for compressed or liquefied gas, of iron or steel plummeted to $X in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

India represented the largest importer of containers for compressed or liquefied gas, of iron or steel in Southern Asia, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. Bangladesh (X units) held the second position in the ranking, distantly followed by Afghanistan (X units) and Pakistan (X units). All these countries together held near X% share of total imports. The following importers - Nepal (X units) and Sri Lanka (X units) - each accounted for an X% share of total imports.

India was also the fastest-growing in terms of the containers for compressed or liquefied gas, of iron or steel imports, with a CAGR of X% from 2012 to 2023. At the same time, Nepal (X%), Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. By contrast, Afghanistan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Pakistan (X p.p.), Sri Lanka (X p.p.) and Afghanistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest containers for compressed or liquefied gas, of iron or steel importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), together accounting for X% of total imports. Nepal, Afghanistan and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Nepal, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 Southern Asia stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nepal ($X per unit), while Afghanistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform