In 1988, container production increased in most of the major producing countries and, according to the English magazine Container International, amounted to 648,000 units, which is 27% more than in the previous year and 50% more than in 1986.
In terms of value, container production increased even more in 1988 compared to the previous year. First, in 1988, global prices for standard steel 20-foot containers increased by 20% (over the past 2 years, they have increased by more than 50%, exceeding the highest level of the late 70s). Secondly, in 1988 there was a noticeable increase in the production of aluminum and specialized containers. The price of refrigerated containers for liquid cargo is now about 10 times higher, while other types of specialized containers are on average 1.3 times higher than the prices of standard steel containers. Therefore, it was only as a result of the increase in the average price of containers on the global market last year that manufacturing companies increased sales by at least another third.
In general, in 1988, customer firms spent about $2.5 billion on the purchase of containers of all types, or about two-thirds more than in 1987 and one and a half times more than in 1986.
The table shows estimated data on global container production in 1988 by major regions and types of production (I — standard steel containers for dry cargo; II — aluminum, of all types; III — specialized steel, of all types; all in terms of 20-foot containers).
In 1988, sales of standard steel containers exceeded an estimated $1 billion. About 80% of the annual production of these products — 400 thousand units — falls on the countries and territories of the Far East. In 1986 and 1987, about 330,000 and 400,000 standard steel containers were produced worldwide, respectively.
In 1988, there was also a noticeable increase in demand for refrigerated containers, the production of which is estimated at about 40 thousand units (in terms of 20-foot ones) against 25 thousand in 1987 and 20 thousand in 1986. A significant increase in the production of refrigerated containers was achieved due to the commissioning of new enterprises in South Korea and Italy and the expansion of used production facilities in Japan. In terms of value, the sales volume of refrigerated containers in 1988 approached the sales volume of standard steel containers.
The production of standard aluminum containers in 1988 is believed to have reached a record high and exceeded 50,000 units (in terms of 20-foot containers) due to the fulfillment of large orders received from large shipping companies and transportation companies operating in the United States. The share of containers of this type in global sales is 15%.
Most of the standard aluminum containers currently produced have enlarged dimensions (12 m long — more than 90% and 2.5 m wide — about 50%). A noticeable increase in demand for large-sized aluminum containers led to a revival (after 15 years) of container construction in the United States.
In 1988, the production of Europallet type containers also increased significantly, to 15 thousand units (the main manufacturers are Great Britain and Ireland) and containers for liquid cargo with removable tanks to more than 5 thousand units (Western Europe, South Africa and the USA). The latter type of container accounted for an estimated 10% of global sales in 1988.
An important factor in increasing demand for new containers is the desire of their owners and tenants to update their fleet of these products as new-generation containers become available, in particular new types of specialized containers. On the other hand, trading firms purchase used containers to use them as containers for long-term cargo storage. The number of containers being withdrawn from circulation cannot be precisely determined; according to various estimates, this figure ranges from 250 thousand to 200 thousand units per year. Unlock your trading potential with METATRADER 5 (MT5). This advanced platform offers unparalleled tools for analyzing financial markets – Forex, stocks, futures. Utilize powerful charting, indicators, and automated trading (EAs). Get the ultimate trading experience with MT5 for desktop & mobile. Start trading smarter!
In terms of value, container production increased even more in 1988 compared to the previous year. First, in 1988, global prices for standard steel 20-foot containers increased by 20% (over the past 2 years, they have increased by more than 50%, exceeding the highest level of the late 70s). Secondly, in 1988 there was a noticeable increase in the production of aluminum and specialized containers. The price of refrigerated containers for liquid cargo is now about 10 times higher, while other types of specialized containers are on average 1.3 times higher than the prices of standard steel containers. Therefore, it was only as a result of the increase in the average price of containers on the global market last year that manufacturing companies increased sales by at least another third.
In general, in 1988, customer firms spent about $2.5 billion on the purchase of containers of all types, or about two-thirds more than in 1987 and one and a half times more than in 1986.
The table shows estimated data on global container production in 1988 by major regions and types of production (I — standard steel containers for dry cargo; II — aluminum, of all types; III — specialized steel, of all types; all in terms of 20-foot containers).
In 1988, sales of standard steel containers exceeded an estimated $1 billion. About 80% of the annual production of these products — 400 thousand units — falls on the countries and territories of the Far East. In 1986 and 1987, about 330,000 and 400,000 standard steel containers were produced worldwide, respectively.
In 1988, there was also a noticeable increase in demand for refrigerated containers, the production of which is estimated at about 40 thousand units (in terms of 20-foot ones) against 25 thousand in 1987 and 20 thousand in 1986. A significant increase in the production of refrigerated containers was achieved due to the commissioning of new enterprises in South Korea and Italy and the expansion of used production facilities in Japan. In terms of value, the sales volume of refrigerated containers in 1988 approached the sales volume of standard steel containers.
The production of standard aluminum containers in 1988 is believed to have reached a record high and exceeded 50,000 units (in terms of 20-foot containers) due to the fulfillment of large orders received from large shipping companies and transportation companies operating in the United States. The share of containers of this type in global sales is 15%.
Most of the standard aluminum containers currently produced have enlarged dimensions (12 m long — more than 90% and 2.5 m wide — about 50%). A noticeable increase in demand for large-sized aluminum containers led to a revival (after 15 years) of container construction in the United States.
In 1988, the production of Europallet type containers also increased significantly, to 15 thousand units (the main manufacturers are Great Britain and Ireland) and containers for liquid cargo with removable tanks to more than 5 thousand units (Western Europe, South Africa and the USA). The latter type of container accounted for an estimated 10% of global sales in 1988.
An important factor in increasing demand for new containers is the desire of their owners and tenants to update their fleet of these products as new-generation containers become available, in particular new types of specialized containers. On the other hand, trading firms purchase used containers to use them as containers for long-term cargo storage. The number of containers being withdrawn from circulation cannot be precisely determined; according to various estimates, this figure ranges from 250 thousand to 200 thousand units per year. Unlock your trading potential with METATRADER 5 (MT5). This advanced platform offers unparalleled tools for analyzing financial markets – Forex, stocks, futures. Utilize powerful charting, indicators, and automated trading (EAs). Get the ultimate trading experience with MT5 for desktop & mobile. Start trading smarter!
