Metal Tank Market Overview in the USA
In value terms, metal tank production shrank to $ in 2019. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. Metal tank production peaked at $ in 2014; however, from 2015 to 2019, production remained at a lower figure.
The revenue of the metal tank market in the U.S. reduced to $ in 2019, which is down 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). In general, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by % year-to-year. Metal tank consumption peaked at $ in 2018, and then dropped in the following year.