Russian Federation: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in the Russian Federation

The Russian plastic reservoir market dropped modestly to $X in 2022, with a decrease of -2.9% against the previous year. Over the period under review, consumption recorded a deep downturn. Plastic reservoir consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Plastic Reservoir Production in the Russian Federation

In value terms, plastic reservoir production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 146%. Plastic reservoir production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plastic Reservoir Exports

Exports from the Russian Federation

In 2022, the amount of plastic reservoirs, tanks and vats exported from Russia fell slightly to X tons, with a decrease of -4.2% against the previous year's figure. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 516% against the previous year. The exports peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, plastic reservoir exports shrank significantly to $X in 2022. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 389% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of plastic reservoir exports from Russia, together comprising 93% of total exports. Armenia and Kyrgyzstan lagged somewhat behind, together accounting for a further 6.2%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +172.1%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Armenia ($X) constituted the largest markets for plastic reservoir exported from Russia worldwide, together accounting for 91% of total exports.

In terms of the main countries of destination, Armenia, with a CAGR of +224.5%, recorded the highest growth rate of the value of exports, 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, which is down by -13.1% against the previous year. Over the period under review, the export price faced a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of 32%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 Armenia ($X per ton), while the average price for exports to Ukraine ($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 Armenia (+19.2%), while the prices for the other major destinations experienced a decline.

Plastic Reservoir Imports

Imports into the Russian Federation

In 2022, overseas purchases of plastic reservoirs, tanks and vats decreased by -7.1% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 270% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic reservoir imports expanded significantly to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 275%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of plastic reservoir to Russia, accounting for a 52% share of total imports. Moreover, plastic reservoir imports from France exceeded the figures recorded by the second-largest supplier, Belarus (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-2.6% per year) and Poland (+4.5% per year).

In value terms, France ($X) constituted the largest supplier of plastic reservoirs, tanks and vats to Russia, comprising 66% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by Belarus, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.1% per year) and Belarus (-7.9% per year).

Import Prices by Country

In 2022, the average plastic reservoir import price amounted to $X per ton, with an increase of 20% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 Ukraine ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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