The prices of shipping containers can vary depending on multiple factors, including global supply chains, container types, geographic location, market conditions, and vendor selection.
For businesses or individuals looking to purchase or lease a container, it’s crucial to have an understanding of these factors to make a more informed, cost-effective decision.
This article will delve deeper into the specific elements that determine shipping container prices, helping you navigate the market with confidence.
The Role of Global Supply Chains in Container Pricing
Prices of Shipping containers are often tied to global trade and shipping volumes. Shipping companies that operate vessels transporting containers control much of the pricing structure.
These companies forecast future shipping volumes, and leasing companies, which manufacture and lease the containers, adjust their prices accordingly.
Global Events Affecting the Prices of Shipping Containers
Global events, such as natural disasters, pandemics, or economic booms, have the potential to influence container pricing. For example, during the COVID-19 pandemic, there was a massive disruption to global shipping. In this case, many shipping lines had to reposition containers to meet demand in different regions.
This situation led to a massive shortage of containers, pushing prices up significantly.
Additionally, geopolitical factors such as trade wars, tariffs, or sanctions can cause sudden shifts in the container market. When countries impose tariffs or restrict trade, the demand for certain types of containers can either surge or decline.
Therefore, understanding the macroeconomic and geopolitical climate is important when assessing the potential cost of a container.
The Importance of Container Size and Type
One of the most direct contributors to container prices is the type and the shipping container size you require. Containers come in a wide range of sizes and layouts, and each variation plays a significant role in shaping the final price tag.
Common Shipping Container Sizes
20 Foot Shipping Containers
| EXTERNAL | EXTERNAL HEIGHT | EXTERNAL WIDTH | INTERNAL LENGTH | INTERNAL HEIGHT | INTERNAL WIDTH | Tare Weight |
|---|---|---|---|---|---|---|
| 20ft | 8ft 6in | 8ft | 19ft 11in | 7ft 10in | 7ft 9in | 4,914lbs |
20-foot containers are the most compact and budget-friendly option, they are the go-to choice for standard cargo storage and routine shipping needs.
40 Foot Shipping Containers
| EXTERNAL | EXTERNAL HEIGHT | EXTERNAL WIDTH | INTERNAL LENGTH | INTERNAL HEIGHT | INTERNAL WIDTH | Tare Weight |
|---|---|---|---|---|---|---|
| 40ft | 8ft 6in | 8ft | 39ft 6in | 7ft 10in | 7ft 9in | 8,268lbs |
40 ft containers are more commonly used for bulk shipping. These containers provide additional space but come at a higher price due to the larger size and higher demand.
40 Foot High Cube Shipping Containers
| EXTERNAL | EXTERNAL HEIGHT | EXTERNAL WIDTH | INTERNAL LENGTH | INTERNAL HEIGHT | INTERNAL WIDTH | Tare Weight |
|---|---|---|---|---|---|---|
| 40ft | 9ft 6in | 8ft | 39ft 6in | 8ft 9in | 7ft 9in | 8,687lbs |
40-foot high cube shipping containers offer additional height, typically around 9.6 feet as opposed to the standard 8.5 feet, and are often used for goods that require extra vertical space. Their expanded dimensions come with a higher price tag, reflecting the extra space and versatility beyond standard container models.
Specialized Shipping Containers
Refrigerated containers, or reefers, are built to transport temperature-sensitive items like perishables, ensuring optimal conditions throughout the journey. Due to the technology and infrastructure required to maintain temperature control, refrigerated containers tend to be much more expensive.
Double-door or tunnel containers offer enhanced accessibility for loading and unloading, making them ideal for bulky or high-volume cargo. This added ease of use contributes to their higher overall cost.
Open-top containers have specialized features, such as an open roof or removable roof, making them more expensive than standard containers. These containers are commonly chosen for oversized cargo that exceeds the limits of standard doorways, making conventional access points impractical.
Other specialty containers include open-side containers (with a side that opens fully for easy access) and insulated containers (which help regulate temperature).
Specialty shipping containers come with custom features like insulation or dual-door access, and the price scales accordingly, reflecting the premium placed on enhanced functionality.
Condition and Age of the Shipping Containers
One of the key factors influencing the pricing is its age and overall shipping container condition, with wear and tear or signs of aging often tipping the cost scale. Generally, new containers will cost more than used ones, but the condition and intended use of the container should be considered when deciding whether to buy new or used.
Types of Shipping Containers Based on Condition
- New containers, also known as one-trip shipping containers, are used for a single journey to deliver goods and are then sold after their initial use. Since they are in pristine condition, they are the most expensive option, but they are ideal for those requiring a container in perfect working order.
- Used shipping containers offer a budget-friendly solution for those who value function over appearance. Typically 8 to 15 years old, they show signs of use—like dents and rust—but remain structurally sound and durable. Graded by condition, they’re ideal for storage, conversion, or transport needs.
Used shipping containers are categorized into the following grades:
- Cargo-worthy containers are certified to comply with global shipping regulations, ensuring they meet the necessary standards for international transport. While structurally robust, they may display slight signs of wear, including small dents or rust spots. They’re ideal for those needing a reliable container for shipping goods but don’t require a pristine, new unit.
- Wind and Water Tight (WWT) containers are ideal for secure dry storage; however, they lack the certification needed for active shipping use. They may have some wear and tear, such as dents or rust, but they provide a cost-effective solution for storage purposes.
- As-Is Containers may be sold in a condition that’s not suitable for most purposes. They are typically cheaper, but the buyer assumes the risk of needing repairs.
When purchasing a used container, it’s crucial to verify that it aligns with your specific requirements. For example, while a “Wind and Water Tight” container may be sufficient for storage, it may not be the best option for shipping goods internationally.
Geographic Location and Delivery Costs
Your location is a crucial factor that influences the pricing of shipping containers, as proximity to shipping hubs and supply availability can significantly impact costs. Container pricing can vary by region due to several factors, including inventory levels, shipping container demand, and transportation costs.
Prices of Shipping Containers Based on Geography
Port Cities: Major shipping hubs like Los Angeles, New York, or Savannah generally have the lowest priced containers due to the volume of incoming and outgoing containers. These areas typically have large container depots where containers are stored, repaired, and sold.
Containers in inland areas are often pricier, as the added distance for transportation increases delivery costs. The longer the distance, the higher the transportation costs climb. Additionally, less densely populated areas may not have as many containers available, resulting in higher costs.
Shipping Container Delivery Costs
Transportation plays a significant role in the total cost of acquiring a container. Shipping containers need to be delivered from the depot or storage facility to your location, and the cost depends on:
- Distance: Longer distances naturally incur higher delivery costs.
- Loading Equipment: The type of equipment used to unload the container (tilt-bed truck, flatbed, side loader) can affect the delivery price. Specialized equipment often costs more.
- Accessibility: If your location has limited access for standard trucks or if there are challenges with unloading, costs may rise accordingly.
Before purchasing a container, always factor in delivery fees to get a clear picture of the total cost.
Geographic Location and Delivery Costs
Market conditions are crucial when assessing shipping containers for sale prices. Container pricing dances to the rhythm of supply and demand, where scarcity and surplus compose the ever-shifting tune of global trade.
High Demand and Low Supply
When container supply is limited or demand surges (for instance, during peak retail seasons like the holidays), prices will inevitably rise. Conversely, when demand drops or the supply of containers increases, prices may decrease.
During times of economic crisis, such as recessions, container prices might drop due to lower demand. However, certain disruptions in global trade can drive prices up unpredictably, such as during the Suez Canal blockage in 2021.
Supply Chain Disruptions
Global trade disruptions, such as labor strikes, natural disasters, or port congestion, can cause container prices to fluctuate. For example, significant disruptions in the availability of raw materials needed to produce containers, such as steel, can increase the manufacturing costs of shipping containers, which are then passed on to consumers.
Shipping Container Customization and Modifications
Customized shipping containers come with added flexibility and a higher price tag to match. Modifications allow containers to serve specific purposes, such as becoming office space, living quarters, or even retail units.
Shipping Container Customization and Modifications
- Insulation and Ventilation: These features are added to containers that will be used for storage in climates with extreme temperatures. Insulated containers help maintain a more stable internal environment, which is crucial for temperature-sensitive goods.
- Doors and Windows: Adding more doors or windows to facilitate better access or visibility increases the cost of the container.
- Electrical and Plumbing Systems: Containers converted into offices, kitchens, or homes often require significant investments in wiring, plumbing, and HVAC systems.
Customized containers are priced based on the complexity of the modification and the materials used. High-quality finishes or extensive custom work can significantly increase the price.
Economic Factors and Inflation
Global economic factors, such as inflation, shipping fuel costs, and international trade policies, play a significant role in determining container prices.
- Fuel Costs: Rising fuel prices directly increase the cost of transporting containers. Since shipping relies heavily on fuel, both shipping lines and land transporters pass these costs on to customers.
- Inflation: During inflationary periods, the cost of raw materials (like steel) rises, which affects container manufacturing prices.
Being aware of broader economic trends can help businesses anticipate future price fluctuations and make more informed purchasing decisions.
Conclusion: Making Smart Decisions on the Prices of Shipping Containers
Understanding the various factors that influence container prices will allow you to make informed decisions about your purchase or lease. Key aspects include:
- Size, type, and condition of the container
- Geographic location and delivery costs
- Market conditions and supply-demand cycles
- Customization needs and the impact of global economics
Before committing to a purchase, it’s wise to evaluate the full range of potential shipping container costs, including delivery and customization. By consulting with reliable vendors, monitoring market trends, and factoring in additional services, businesses and individuals can avoid unexpected expenses and find the best value for their needs.
Top-Quality Shipping Containers for Sale, Rent, or Rent-to-Own
At On-Site Storage Solutions, we provide high-quality, durable, and affordable shipping containers for sale and lease across the U.S. and Canada. With a wide range of storage solutions, new, used, and customized containers, crafted to meet your specific needs with flexibility and reliability.
We offer containers in a range of sizes and conditions, with specialized options like high-cube and refrigerated units to suit unique storage and transport needs.
With over 20 years of experience in the shipping container industry, we pride ourselves on offering competitive pricing, fast delivery services, and exceptional customer support to ensure you get the right container quickly and at the best value.
If you need storage for personal use, business inventory, or construction sites, call us now at (888) 977-9085 to speak with our team and secure the perfect shipping container for your needs.
