EU: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in the EU

The EU plastic reservoir market was estimated at $X in 2022, with an increase of 1.5% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.4% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Plastic Reservoir Production in the EU

In value terms, plastic reservoir production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. The level of production peaked in 2022 and is likely to continue growth in the near future.

Plastic Reservoir Exports

Exports in the EU

After three years of growth, overseas shipments of plastic reservoirs, tanks and vats decreased by -2.3% to X tons in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.2% against 2014 indices. The pace of growth was the most pronounced in 2021 when exports increased by 34%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, plastic reservoir exports reduced slightly to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.4% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2022, Germany (X tons) represented the major exporter of plastic reservoirs, tanks and vats, constituting 39% of total exports. The Netherlands (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by France (11%), Italy (5.5%) and Poland (5.4%). Spain (X tons), Austria (X tons), Ireland (X tons) and Sweden (X tons) took a relatively small share of total exports.

Exports from Germany increased at an average annual rate of +5.0% from 2012 to 2022. At the same time, the Netherlands (+17.9%), Poland (+17.8%), Ireland (+14.0%), Spain (+7.6%), Italy (+4.2%), Sweden (+2.5%) and Austria (+1.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +17.9% from 2012-2022. By contrast, France (-3.0%) illustrated a downward trend over the same period. While the share of the Netherlands (+11 p.p.), Poland (+3.7 p.p.) and Ireland (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (-12.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest plastic reservoir supplier in the European Union, comprising 32% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by Poland, with an 8.2% share.

In Germany, plastic reservoir exports expanded at an average annual rate of +4.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+14.6% per year) and Poland (+14.5% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by 1.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 17% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.2%), while the other leaders experienced mixed trends in the export price figures.

Plastic Reservoir Imports

Imports in the EU

In 2022, overseas purchases of plastic reservoirs, tanks and vats decreased by -6.7% to X tons for the first time since 2011, thus ending a ten-year rising trend. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.3% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, plastic reservoir imports totaled $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Belgium (X tons), the Netherlands (X tons), Sweden (X tons), France (X tons), Germany (X tons), Austria (X tons), the Czech Republic (X tons), Denmark (X tons) and Spain (X tons) represented the key importer of plastic reservoirs, tanks and vats in the European Union, achieving 80% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +16.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, together comprising 37% of total imports.

Among the main importing countries, the Netherlands, with a CAGR of +17.6%, recorded 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 the European Union amounted to $X per ton, surging by 12% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :