Norway: Plastic Reservoir Market 2025

Plastic Reservoir Market Size in Norway

In 2022, the Norwegian plastic reservoir market decreased by -35.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Plastic reservoir consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Plastic Reservoir Production in Norway

In value terms, plastic reservoir production surged to $X in 2022 estimated in export price. Overall, production recorded a strong increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 91%. Plastic reservoir production peaked in 2022 and is likely to see steady growth in the near future.

Plastic Reservoir Exports

Exports from Norway

For the third year in a row, Norway recorded growth in shipments abroad of plastic reservoirs, tanks and vats, which increased by 35% to X tons in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,227% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, plastic reservoir exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 547% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for plastic reservoir exports from Norway, with a 53% share of total exports. Moreover, plastic reservoir exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+47.2% per year) and Finland (+73.1% per year).

In value terms, Sweden ($X) remains the key foreign market for plastic reservoirs, tanks and vats exports from Norway, comprising 51% of total exports. The second position in the ranking was held by Denmark ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+26.2% per year) and Finland (+68.4% per year).

Export Prices by Country

The average plastic reservoir export price stood at $X per ton in 2022, declining by -12.5% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 16%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($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 Finland (-2.8%), while the prices for the other major destinations experienced a decline.

Plastic Reservoir Imports

Imports into Norway

In 2022, imports of plastic reservoirs, tanks and vats into Norway totaled X tons, approximately equating 2021. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 -2.5% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 31%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic reservoir imports reduced to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +19.5% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 27% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Sweden (X tons), Finland (X tons) and Germany (X tons) were the main suppliers of plastic reservoir imports to Norway, with a combined 63% share of total imports. Lithuania, Poland, the UK, Denmark, the Netherlands, Italy, Latvia, Ireland, Belgium and Estonia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +81.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic reservoir suppliers to Norway were Sweden ($X), Finland ($X) and Germany ($X), together comprising 48% of total imports. Poland, Denmark, the Netherlands, the UK, Lithuania, Latvia, Italy, Belgium, Ireland and Estonia lagged somewhat behind, together accounting for a further 46%.

In terms of the main suppliers, Belgium, with a CAGR of +82.5%, 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 average plastic reservoir import price amounted to $X per ton, waning by -11.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 26%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Estonia ($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 (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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