Belgium: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Belgium

In 2022, the Belgian plastic reservoir market decreased by -22.4% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, recorded a strong expansion. As a result, consumption reached the peak level of $X, and then fell dramatically in the following year.

Plastic Reservoir Production in Belgium

In value terms, plastic reservoir production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plastic Reservoir Exports

Exports from Belgium

In 2022, shipments abroad of plastic reservoirs, tanks and vats decreased by -11.3% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2016 when exports increased by 17% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, plastic reservoir exports shrank to $X in 2022. Overall, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of plastic reservoir exports from Belgium, with a combined 84% share of total exports. Denmark and Norway lagged somewhat behind, together accounting for a further 3.3%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +82.5%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) were the largest markets for plastic reservoir exported from Belgium worldwide, together accounting for 74% of total exports. Denmark and Norway lagged somewhat behind, together comprising a further 4.2%.

Norway, with a CAGR of +81.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average plastic reservoir export price stood at $X per ton in 2022, with a decrease of -2.9% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic reservoir export price increased by +87.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.8%), while the prices for the other major destinations experienced a decline.

Plastic Reservoir Imports

Imports into Belgium

In 2022, overseas purchases of plastic reservoirs, tanks and vats decreased by -42.7% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 90% against the previous year. As a result, imports attained the peak of X tons, and then declined sharply in the following year.

In value terms, plastic reservoir imports fell remarkably to $X in 2022. Over the period under review, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest plastic reservoir supplier to Belgium, accounting for a 69% share of total imports. Moreover, plastic reservoir imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.7% per year) and France (+0.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of plastic reservoirs, tanks and vats to Belgium, comprising 59% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.8% per year) and France (+3.4% per year).

Import Prices by Country

In 2022, the average plastic reservoir import price amounted to $X per ton, picking up by 47% against the previous year. Overall, the import price, however, recorded a pronounced slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :