Asia: Container Market 2024

Container Market Size in Asia

The Asian container market reached $X in 2023, rising by X% against the previous year. The total consumption indicated notable growth 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. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Container Production in Asia

In value terms, container production stood at $X in 2023 estimated in export price. The total production indicated a moderate expansion from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

Container Exports

Exports in Asia

In 2023, overseas shipments of tanks, casks, drums, cans, boxes and similar containers decreased by X% to X units, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when exports increased by X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, container exports contracted to $X in 2023. Total exports indicated noticeable growth from 2012 to 2023: its value 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. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

China represented the main exporter of tanks, casks, drums, cans, boxes and similar containers in Asia, with the volume of exports finishing at X units, which was near X% of total exports in 2023. It was distantly followed by Turkey (X units), Saudi Arabia (X units), Thailand (X units), the United Arab Emirates (X units), Malaysia (X units) and India (X units), together creating a X% share of total exports. South Korea (X units), Vietnam (X units), Jordan (X units), Indonesia (X units), Pakistan (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to container exports from China stood at X%. At the same time, Pakistan (X%), Jordan (X%), Vietnam (X%), India (X%), Turkey (X%), the United Arab Emirates (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, South Korea (X%), Indonesia (X%), Saudi Arabia (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.), Turkey (X p.p.), India (X p.p.), Pakistan (X p.p.), the United Arab Emirates (X p.p.) and Jordan (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, Taiwan (Chinese) and Saudi Arabia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest container supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In China, container exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2023, falling 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%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Container Imports

Imports in Asia

In 2023, the amount of tanks, casks, drums, cans, boxes and similar containers imported in Asia soared to X units, rising by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, container imports shrank to $X in 2023. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2022, and then declined modestly in the following year.

Imports by Country

In 2023, Kyrgyzstan (X units), distantly followed by India (X units), South Korea (X units), Kazakhstan (X units), Vietnam (X units) and Hong Kong SAR (X units) were the largest importers of tanks, casks, drums, cans, boxes and similar containers, together mixing up X% of total imports. The following importers - Singapore (X units), Cambodia (X units), Thailand (X units), the United Arab Emirates (X units), Indonesia (X units), Oman (X units) and Malaysia (X units) - together made up X% of total imports.

Kyrgyzstan was also the fastest-growing in terms of the tanks, casks, drums, cans, boxes and similar containers imports, with a CAGR of X% from 2012 to 2023. At the same time, Cambodia (X%), Kazakhstan (X%), India (X%), Vietnam (X%) and South Korea (X%) displayed positive paces of growth. Oman and Singapore experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%), Indonesia (X%), Thailand (X%), Malaysia (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Kyrgyzstan (X p.p.), Kazakhstan (X p.p.), India (X p.p.), Cambodia (X p.p.), South Korea (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Hong Kong SAR, Malaysia, Thailand and the United Arab Emirates saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported tanks, casks, drums, cans, boxes and similar containers in Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Korea totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per unit, declining by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2022, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Kyrgyzstan (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform