All data shown is © 2024 by Shipped.com Corporation and may only be used with an html attribution link back to Shipped.com
Shipped.com Analysis: New build container prices have been steadily rising since early 2016. Currently container manufacturing costs are up, over 26% higher today than in 2016. Prices in 2016 through 2018 were affected by an industry change from oil (solvent) paints to water based. Retooling and adjusting factory processes is expensive and the prices through late 2018 reflects these challenges. Later on, in 2019 and 2020 reflected historically low manufacturing coupled with low inventory supply and strong demand from the pandemic to create a price explosion. Production prices became unsustainable and our current day's surge in pricing reflects this unwinding of downward price pressure along with low inventory and strong demand. We foresee the market prices for new builds to continue to rise along with most other commodities.
Shipped.com Analysis: Used container prices have been steadily rising since 2017 and will continue to do so for the foreseeable future. Prices for used equipment today are over 48% higher today they were in mid-2016. Used container prices tend to follow new container manufacturing costs, but they typically lag 8-16 months behind new price surges. Interestingly, used container prices tend to be more volatile and overshoot new prices similar to other well known commodity pairs such as gold/silver. We foresee the market prices for used containers to continue to marginally rise. Savvy traders in the industry would serve themselves well to buy up all available inventory.
Get the market analysis information you need on new & used 20', 40' & 45' shipping containers in the intermodal industry. We've already been featured on the national news to provide expert information and we'd love to help you out as well. Our unique position in the marketplace provides insights not only into shipping containers, but also market trends, analysis, opportunities, projections, sales, and marketing strategies. Specifics on market shares, segmentation, size/scope, and growth in the US and global markets are also offered. We offer our time and knowledge to all for free. Click Contact Us to get in touch today!