Changes in Prices of Shipping Containers for Sale 

Like any other products in the market, prices of shipping containers for sale consistently changes over the years and most of the time it changes in just a span of weeks or months. So why do the prices of shipping containers fluctuate so abruptly? There are a lot of factors that affect to the changes of container prices such as supply and demand, marketing and more. It is important that consumers are aware of these changes to help them with their decisions. In this topic, we will get to know more about the factors that affect in these changes of prices of shipping containers.  

For most container business, it is quite a challenge to set the pricing considering that earning and being competitive at the same time is at stake. Because shipping containers are almost becoming at the top of the trend and it is becoming as important as the other products, it is important to keep up with the demand without sacrificing the budget of consumers. The global supply for shipping container has decreased over the past months hence new and used shipping containers for sale prices has increased by 25% to 30% from last year. 

Product Supply and Demand 

It is evident that when the supply is low and the demand is high, the prices of the product will go up. It is important to know that global supply and demand for a certain product like shipping container affects to its prices. When the economy and global trade grows, shipping companies have a strong demand for shipping containers, thus, prices naturally increase. On the other hand, as global economy suffers, the demand and the prices will inevitably go down. 

Exchange Rate 

Most of the containers are manufactured from China and prices of containers also varies from the exchange rate between the manufacturing country and the supplied country. Exchange rates directly affect import prices of products. As dollar rate drops the prices of containers in depots increases. 

Size, Type and Condition of Containers 

In the shipping industry, container prices vary in its size, type and condition. New containers are definitely higher in price compared to used containers and depending on the age of the second-hand containers the price will have a difference of about 10 to 20%.  A 20 foot container for sale will be cost friendly than the bigger container sizes like a 40 foot container for sale because of the difference in dimension. Some container types that fall to a special shipping container like Open Top containers, Reefer containers and Flat Rack container will have a higher from compared to a standard container type. 

 Shipping Container Materials 

The materials that are used when building a shipping container greatly affect the prices of the product. As the material prices increase like corten steel, paint, plywood for flooring material, the finished container product also increases. Labor also is a factor that affects the higher cost in creating a container.