Brazil: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Brazil

In 2022, the Brazilian plastic reservoir market decreased by -2.9% to $X, falling for the third consecutive year after two years of growth. In general, consumption showed a slight slump. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Reservoir Production in Brazil

In value terms, plastic reservoir production reduced modestly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Plastic Reservoir Exports

Exports from Brazil

For the fourth consecutive year, Brazil recorded growth in shipments abroad of plastic reservoirs, tanks and vats, which increased by 88% to X tons in 2022. Over the period under review, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic reservoir exports soared to $X in 2022. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 106% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Uruguay (X tons), Australia (X tons) and Paraguay (X tons) were the main destinations of plastic reservoir exports from Brazil, together comprising 60% of total exports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +320.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic reservoir exported from Brazil were Uruguay ($X), Australia ($X) and Saudi Arabia ($X), together accounting for 58% of total exports.

Among the main countries of destination, Australia, with a CAGR of +201.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic reservoir export price stood at $X per ton in 2022, reducing by -11.6% against the previous year. Overall, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 64% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Mexico ($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 Spain (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Reservoir Imports

Imports into Brazil

After two years of growth, supplies from abroad of plastic reservoirs, tanks and vats decreased by -15.7% to X tons in 2022. Over the period under review, imports, however, saw strong growth. The growth pace was the most rapid in 2017 with an increase of 160% against the previous year. Imports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, plastic reservoir imports reduced rapidly to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 200% against the previous year. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, Israel (X tons) constituted the largest plastic reservoir supplier to Brazil, with a 48% share of total imports. Moreover, plastic reservoir imports from Israel exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Israel totaled +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+82.5% per year) and Italy (+25.2% per year).

In value terms, Germany ($X), Israel ($X) and Italy ($X) were the largest plastic reservoir suppliers to Brazil, with a combined 76% share of total imports. Paraguay, Greece, China, the United States and the UK lagged somewhat behind, together comprising a further 20%.

Paraguay, with a CAGR of +91.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic reservoir import price stood at $X per ton in 2022, dropping by -3.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 73% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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