China: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in China

The Chinese plastic reservoir market was estimated at $X in 2022, remaining constant against the previous year. Overall, consumption, however, recorded a slight setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Plastic Reservoir Production in China

In value terms, plastic reservoir production stood at $X in 2022 estimated in export price. In general, production, however, showed a mild decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 11%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plastic Reservoir Exports

Exports from China

In 2022, the amount of plastic reservoirs, tanks and vats exported from China stood at X tons, picking up by 4.8% compared with the previous year. In general, exports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2019 when exports increased by 57%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, plastic reservoir exports skyrocketed to $X in 2022. Overall, exports saw a temperate expansion. The pace of growth appeared the most rapid in 2019 with an increase of 46% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Indonesia (X tons), Singapore (X tons) and Chile (X tons) were the main destinations of plastic reservoir exports from China, together accounting for 35% of total exports. The United States, the Philippines, South Korea, India, Malaysia, Vietnam, Mongolia, Saudi Arabia, Nigeria and Australia lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +30.0%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the United States ($X) and Indonesia ($X) constituted the largest markets for plastic reservoir exported from China worldwide, together accounting for 27% of total exports. Malaysia, the Philippines, Saudi Arabia, South Korea, Vietnam, Chile, India, Australia, Nigeria and Mongolia lagged somewhat behind, together accounting for a further 32%.

Nigeria, with a CAGR of +28.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic reservoir export price amounted to $X per ton, with an increase of 21% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mongolia ($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 Saudi Arabia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Reservoir Imports

Imports into China

In 2022, purchases abroad of plastic reservoirs, tanks and vats decreased by -5.7% to X tons, falling for the fifth year in a row after four years of growth. In general, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2015 when imports increased by 113%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, plastic reservoir imports surged to $X in 2022. Over the period under review, imports, however, enjoyed noticeable growth. The growth pace was the most rapid in 2015 when imports increased by 117%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Latvia (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of plastic reservoir imports to China, with a combined 63% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +933.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constituted the largest supplier of plastic reservoirs, tanks and vats to China, comprising 64% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.4% share of total imports. It was followed by Germany, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from Latvia amounted to +1,853.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.0% per year) and Germany (+5.2% per year).

Import Prices by Country

The average plastic reservoir import price stood at $X per ton in 2022, growing by 30% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 106%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat 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 United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+89.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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