India: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in India

The Indian plastic reservoir market totaled $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Reservoir Production in India

In value terms, plastic reservoir production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 45% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Plastic Reservoir Exports

Exports from India

Plastic reservoir exports from India soared to X tons in 2022, picking up by 25% on 2021 figures. In general, exports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 122%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plastic reservoir exports rose sharply to $X in 2022. Over the period under review, exports saw perceptible growth. The growth pace was the most rapid in 2013 when exports increased by 340% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Tanzania (X tons), Bhutan (X tons) and Maldives (X tons) were the main destinations of plastic reservoir exports from India, with a combined 63% share of total exports. Democratic Republic of the Congo, Nigeria, Mauritius, Qatar, Nepal, New Zealand, Australia, Sri Lanka and the United Arab Emirates lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +113.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic reservoir exported from India were Tanzania ($X), Bhutan ($X) and Maldives ($X), with a combined 60% share of total exports. Nigeria, Democratic Republic of the Congo, Mauritius, New Zealand, Nepal, Qatar, Sri Lanka, Australia and the United Arab Emirates lagged somewhat behind, together accounting for a further 27%.

Qatar, with a CAGR of +95.7%, saw the highest rates of growth with regard to 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

The average plastic reservoir export price stood at $X per ton in 2022, with a decrease of -13.8% against the previous year. Overall, the export price recorded a mild reduction. The most prominent rate of growth was recorded in 2013 an increase of 112%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar ($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 United Arab Emirates (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Reservoir Imports

Imports into India

In 2022, after five years of growth, there was significant decline in overseas purchases of plastic reservoirs, tanks and vats, when their volume decreased by -26.9% to X tons. Overall, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 210%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, plastic reservoir imports fell significantly to $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 176%. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and South Korea (X tons) were the main suppliers of plastic reservoir imports to India, together accounting for 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +74.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic reservoir suppliers to India were the United Arab Emirates ($X), China ($X) and South Korea ($X), with a combined 67% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +65.5%, recorded the highest rates of growth with regard to 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 average plastic reservoir import price amounted to $X per ton, growing by 7.2% against the previous year. Overall, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 41% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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