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Sri Lanka - Iron, Steel or Aluminium Reservoirs, Tanks, Vats and Similar Containers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSri Lanka: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024
Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Sri Lanka
The Sri Lankan market for iron, steel or aluminium reservoirs, tanks, vats and similar containers was finally on the rise to reach $X in 2023, after two years of decline. In general, consumption, however, showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.
Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers
Exports from Sri Lanka
In 2023, approx. X units of iron, steel or aluminium reservoirs, tanks, vats and similar containers were exported from Sri Lanka; approximately reflecting the previous year. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.
In value terms, iron, steel or aluminium reservoir exports soared to $X in 2023. In general, exports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.
Exports by Country
Bangladesh (X units) was the main destination for iron, steel or aluminium reservoir exports from Sri Lanka, accounting for a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Bangladesh exceeded the volume sent to the second major destination, Maldives (X units), threefold. The third position in this ranking was taken by Malaysia (X units), with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Bangladesh amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Malaysia (X% per year).
In value terms, Maldives ($X) remains the key foreign market for iron, steel or aluminium reservoirs, tanks, vats and similar containers exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value to Maldives stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Singapore (X% per year).
Export Prices by Country
In 2023, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2022 an increase of X%. The export price peaked in 2023 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers
Imports into Sri Lanka
In 2023, purchases abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. In general, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2023, imports remained at a lower figure.
In value terms, iron, steel or aluminium reservoir imports skyrocketed to $X in 2023. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.
Imports by Country
India (X units), China (X units) and Thailand (X units) were the main suppliers of iron, steel or aluminium reservoir imports to Sri Lanka, with a combined X% share of total imports. Maldives, Japan, Singapore and Bangladesh lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the biggest increases were recorded for Maldives (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest iron, steel or aluminium reservoir suppliers to Sri Lanka were China ($X), India ($X) and Thailand ($X), with a combined X% share of total imports. Japan, Singapore, Maldives and Bangladesh lagged somewhat behind, together comprising a further X%.
Maldives, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2023, increasing by X% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, iron, steel or aluminium reservoir import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2022 to 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Maldives ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for iron, steel or aluminium reservoir in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25291110 - Iron or steel reservoirs, tanks, vats and similar containers for gases, of a capacity > .300 litres (excluding compressed or liquefied gas, fitted with mechanical or thermal equipment)
- Prodcom 25291120 - Iron or steel reservoirs, tanks, vats and similar containers lined or heat-insulated, for liquids, of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment)
- Prodcom 25291130 - Iron or steel reservoirs, tanks, vats and similar containers for liquids, of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment, lined or heat insulated)
- Prodcom 25291150 - Iron or steel reservoirs, tanks, vats and similar containers for solids, of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment)
- Prodcom 25291170 - Aluminium reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment)
- Prodcom 25291200 - Containers for compressed or liquefied gas, of metal
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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