The UK aluminium reservoir market saw a rebound in consumption and production in 2024 after recent declines, with consumption reaching 4.7M units valued at $84M. The market is forecast to grow slightly to 5.1M units (CAGR +0.6%) and $106M in value (CAGR +2.1%) by 2035. Imports dropped sharply in 2024 after years of growth, with the Netherlands being the largest supplier, while exports also declined, with the US and France as key destinations. Production increased significantly in 2024 but remains below 2016 peaks. Import and export prices showed contrasting long-term trends, with import prices declining and export prices rising.<\/p>\n
Key Findings<\/p>\n
Market forecast to grow to 5.1M units and $106M by 20352024 saw a rebound in domestic consumption and production after previous declinesImports fell dramatically by 52.6% in 2024, with the Netherlands as the leading supplierExports also declined, with the United States and France as top value destinationsAverage import price fell long-term while export price showed a sustained increaseMarket Forecast<\/p>\n
Driven by rising demand for aluminium reservoir in the UK, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.6% for the period from 2024 to 2035, which is projected to bring the market volume to 5.1M units by the end of 2035.<\/p>\n
In value terms, the market is forecast to increase with an anticipated CAGR of +2.1% for the period from 2024 to 2035, which is projected to bring the market value to $106M (in nominal wholesale prices) by the end of 2035.<\/p>\n
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ConsumptionUnited Kingdom’s Consumption of Aluminium Reservoirs, Tanks, Vats and Similar Containers<\/p>\n
In 2024, after two years of decline, there was significant growth in consumption of aluminium reservoirs, tanks, vats and similar containers, when its volume increased by 9.4% to 4.7M units. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at 5.1M units in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.<\/p>\n
The value of the aluminium reservoir market in the UK rose markedly to $84M in 2024, picking up by 11% 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, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $87M. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.<\/p>\n
ProductionUnited Kingdom’s Production of Aluminium Reservoirs, Tanks, Vats and Similar Containers<\/p>\n
After four years of decline, production of aluminium reservoirs, tanks, vats and similar containers increased by 27% to 4.6M units in 2024. Over the period under review, production, however, saw a mild slump. Aluminium reservoir production peaked at 6M units in 2016; however, from 2017 to 2024, production stood at a somewhat lower figure.<\/p>\n
In value terms, aluminium reservoir production skyrocketed to $85M in 2024 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. Aluminium reservoir production peaked at $103M in 2014; however, from 2015 to 2024, production failed to regain momentum.<\/p>\n
ImportsUnited Kingdom’s Imports of Aluminium Reservoirs, Tanks, Vats and Similar Containers<\/p>\n
In 2024, after four years of growth, there was significant decline in purchases abroad of aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by -52.6% to 540K units. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 271%. Over the period under review, imports reached the peak figure at 1.1M units in 2023, and then dropped notably in the following year.<\/p>\n
In value terms, aluminium reservoir imports contracted rapidly to $9.3M in 2024. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 342%. Imports peaked at $14M in 2023, and then contracted markedly in the following year.<\/p>\n
Imports By Country<\/p>\n
In 2024, the Netherlands<\/a> (210K units) constituted the largest supplier of aluminium reservoir to the UK, accounting for a 39% share of total imports. Moreover, aluminium reservoir imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Ireland<\/a> (78K units), threefold. The third position in this ranking was taken by Spain<\/a> (77K units), with a 14% share.<\/p>\n From 2013 to 2024, the average annual rate of growth in terms of volume from the Netherlands amounted to +113.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+15.5% per year) and Spain (+132.1% per year).<\/p>\n In value terms, the Netherlands ($2.8M), Spain ($1.8M) and Italy<\/a> ($1.2M) were the largest aluminium reservoir suppliers to the UK, together comprising 62% of total imports.<\/p>\n In terms of the main suppliers, Italy, with a CAGR of +123.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.<\/p>\n Import Prices By Country<\/p>\n The average aluminium reservoir import price stood at $17 per unit in 2024, growing by 43% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2018 when the average import price increased by 182%. Over the period under review, average import prices hit record highs at $42 per unit in 2019; however, from 2020 to 2024, import prices stood at a somewhat lower figure.<\/p>\n Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France<\/a> ($24 per unit), while the price for China<\/a> ($9.4 per unit) was amongst the lowest.<\/p>\n From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Italy (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.<\/p>\n ExportsUnited Kingdom’s Exports of Aluminium Reservoirs, Tanks, Vats and Similar Containers<\/p>\n In 2024, shipments abroad of aluminium reservoirs, tanks, vats and similar containers decreased by -6.9% to 401K units, falling for the second year in a row after two years of growth. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2022 when exports increased by 83%. The exports peaked at 1.3M units in 2016; however, from 2017 to 2024, the exports failed to regain momentum.<\/p>\n In value terms, aluminium reservoir exports shrank to $8.6M in 2024. Over the period under review, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Over the period under review, the exports attained the maximum at $18M in 2014; however, from 2015 to 2024, the exports failed to regain momentum.<\/p>\n Exports By Country<\/p>\n Ireland (115K units), Gambia (58K units) and the United States<\/a> (52K units) were the main destinations of aluminium reservoir exports from the UK, together accounting for 56% of total exports. France, Norway<\/a>, Belgium<\/a>, Poland<\/a>, Turkey<\/a> and India<\/a> lagged somewhat behind, together accounting for a further 29%.<\/p>\n From 2013 to 2024, the biggest increases were recorded for France (with a CAGR of +60.7%), while shipments for the other leaders experienced more modest paces of growth.<\/p>\n In value terms, the United States ($3.2M), France ($2.1M) and Gambia ($501K) appeared to be the largest markets for aluminium reservoir exported from the UK worldwide, together accounting for 68% of total exports.<\/p>\n France, with a CAGR of +85.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.<\/p>\n Export Prices By Country<\/p>\n The average aluminium reservoir export price stood at $21 per unit in 2024, picking up by 4.5% against the previous year. Overall, export price indicated a noticeable expansion from 2013 to 2024: its price increased at an average annual rate of +3.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, aluminium reservoir export price increased by +33.0% against 2022 indices. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. The export price peaked in 2024 and is likely to see gradual growth in the immediate term.<\/p>\n There were significant differences in the average prices for the major export markets. In 2024, amid the top suppliers, the country with the highest price was the United States ($62 per unit), while the average price for exports to Poland ($2.5 per unit) was amongst the lowest.<\/p>\n From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to France (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.<\/p>\n