Northern America: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Northern America

The North American plastic reservoir market amounted to $X in 2022, picking up by 3.8% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.5% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Plastic Reservoir Production in Northern America

In value terms, plastic reservoir production totaled $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.2% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 29% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Reservoir Exports

Exports in Northern America

In 2022, shipments abroad of plastic reservoirs, tanks and vats was finally on the rise to reach X tons after four years of decline. Overall, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of 60% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic reservoir exports soared to $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 42% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Canada (X tons) represented the largest exporter of plastic reservoirs, tanks and vats, constituting 82% of total exports. It was distantly followed by the United States (X tons), creating an 18% share of total exports.

Canada was also the fastest-growing in terms of the plastic reservoirs, tanks and vats exports, with a CAGR of +9.2% from 2012 to 2022. The United States (-19.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada increased by +63 percentage points.

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Canada, with a CAGR of +8.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by 2.4% against the previous year. Over the period under review, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 118% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.8%).

Plastic Reservoir Imports

Imports in Northern America

In 2022, approx. X tons of plastic reservoirs, tanks and vats were imported in Northern America; surging by 11% compared with the year before. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +26.5% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 25% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, plastic reservoir imports skyrocketed to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +54.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) and the United States (X tons) represented the main importer of plastic reservoirs, tanks and vats in Northern America, generating 100% of total import.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +11.0%).

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2022.

Among the main importing countries, the United States, with a CAGR of +10.7%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 22% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.2%).

Source: IndexBox Platform

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