Overview of the Market for Iron, Steel Or Aluminium Reservoir in the United Arab Emirates
In value terms, iron, steel or aluminium reservoir production rose significantly to $ in 2019 estimated in export prices. Overall, production posted a significant increase. The growth pace was the most rapid in 2009 with an increase of % year-to-year. Iron, steel or aluminium reservoir production peaked in 2019 and is expected to retain growth in the immediate term.
The value of the market for iron, steel or aluminium reservoirs, tanks, vats and similar containers in the United Arab Emirates was estimated at $ in 2019, surging 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). Overall, the total consumption indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. 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 most prominent rate of growth was recorded in 2012 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2013 to 2019, the growth of the market failed to regain the momentum.