Portugal: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Portugal

The Portuguese plastic reservoir market dropped to $X in 2022, which is down by -10.9% against the previous year. In general, consumption continues to indicate a perceptible slump. Plastic reservoir consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Plastic Reservoir Production in Portugal

In value terms, plastic reservoir production reached $X in 2022 estimated in export price. Overall, production continues to indicate a slight expansion. The growth pace was the most rapid in 2016 with an increase of 36% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in the immediate term.

Plastic Reservoir Exports

Exports from Portugal

Plastic reservoir exports from Portugal declined slightly to X tons in 2022, falling by -3.1% against the previous year. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 183%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, plastic reservoir exports dropped notably to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 286% against the previous year. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

Spain (X tons) was the main destination for plastic reservoir exports from Portugal, accounting for a 63% share of total exports. Moreover, plastic reservoir exports to Spain exceeded the volume sent to the second major destination, Germany (X tons), fourfold. France (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+53.3% per year) and France (+30.3% per year).

In value terms, Spain ($X) remains the key foreign market for plastic reservoirs, tanks and vats exports from Portugal, comprising 51% of total exports. The second position in the ranking was taken by France ($X), with a 23% share of total exports. It was followed by Germany, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+31.3% per year) and Germany (+32.7% per year).

Export Prices by Country

In 2022, the average plastic reservoir export price amounted to $X per ton, dropping by -14% against the previous year. Over the period under review, the export price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by 44% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the 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 Angola ($X per ton), while the average price for exports to Spain ($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 Angola (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Reservoir Imports

Imports into Portugal

In 2022, approx. X tons of plastic reservoirs, tanks and vats were imported into Portugal; declining by -5.3% on the previous year. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 112% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, plastic reservoir imports reduced markedly to $X in 2022. Overall, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 89% against the previous year. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

Spain (X tons), Cyprus (X tons) and Italy (X tons) were the main suppliers of plastic reservoir imports to Portugal, with a combined 92% share of total imports. Finland, France and Germany lagged somewhat behind, together comprising a further 5.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +73.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of plastic reservoirs, tanks and vats to Portugal, comprising 60% of total imports. The second position in the ranking was held by Cyprus ($X), with a 24% share of total imports. It was followed by Italy, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+10.5% per year) and Italy (-5.3% per year).

Import Prices by Country

In 2022, the average plastic reservoir import price amounted to $X per ton, waning by -11.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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