Eastern Asia: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Eastern Asia

The East Asian plastic reservoir market fell slightly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, saw a mild descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Plastic Reservoir Production in Eastern Asia

In value terms, plastic reservoir production shrank modestly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2019 with an increase of 27%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plastic Reservoir Exports

Exports in Eastern Asia

In 2022, shipments abroad of plastic reservoirs, tanks and vats was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 30% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic reservoir exports surged to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) represented the major exporter of plastic reservoirs, tanks and vats, committing 63% of total exports. It was distantly followed by South Korea (X tons), generating a 32% share of total exports. Japan (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +4.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest plastic reservoir supplier in Eastern Asia, comprising 69% of total exports. The second position in the ranking was held by South Korea ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to +4.8%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+1.0% per year) and Japan (-2.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the other leaders experienced a decline in the export price figures.

Plastic Reservoir Imports

Imports in Eastern Asia

In 2022, overseas purchases of plastic reservoirs, tanks and vats were finally on the rise to reach X tons after two years of decline. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.6% against 2015 indices. The pace of growth was the most pronounced in 2014 with an increase of 41%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic reservoir imports surged to $X in 2022. Over the period under review, imports showed a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of 174% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Hong Kong SAR (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) represented roughly 81% of total imports in 2022. Japan (X tons) held a 9.3% share (based on physical terms) of total imports, which put it in second place, followed by China (5.4%). Macao SAR (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Macao SAR (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), South Korea ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 73% of total imports. Japan, China and Macao SAR lagged somewhat behind, together comprising a further 27%.

Among the main importing countries, Macao SAR, with a CAGR of +17.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by 2.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 94%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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