Overview of the Market for Iron, Steel Or Aluminium Reservoir in the United Arab Emirates
In value terms, iron, steel or aluminium reservoir production expanded significantly to $ in 2019 estimated in export prices. Overall, production saw a significant increase. The pace of growth was the most pronounced in 2009 when the production volume increased by % against the previous year. The United Arab Emirates production peaked in 2019 and is likely to continue growth in the near future.
The revenue of the market for iron, steel or aluminium reservoirs, tanks, vats and similar containers in the United Arab Emirates expanded sharply to $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated perceptible growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2017 indices. The pace of growth appeared the most rapid in 2012 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. From 2013 to 2019, the growth of the market remained at a lower figure.