SADC: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in SADC

The SADC plastic reservoir market amounted to $X in 2022, increasing by 4.7% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -3.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Plastic Reservoir Production in SADC

In value terms, plastic reservoir production totaled $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -4.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Plastic Reservoir Exports

Exports in SADC

In 2022, approx. X tons of plastic reservoirs, tanks and vats were exported in SADC; which is down by -7.6% on the previous year's figure. In general, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2019 when exports increased by 35%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plastic reservoir exports dropped to $X in 2022. Overall, exports showed a noticeable downturn. The growth pace was the most rapid in 2019 with an increase of 10% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X tons) represented the key exporter of plastic reservoirs, tanks and vats, comprising 59% of total exports. It was distantly followed by Botswana (X tons), achieving a 33% share of total exports. The following exporters - Zambia (X tons) and Tanzania (X tons) - each finished at a 5.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of +14.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest plastic reservoir supplier in SADC, comprising 69% of total exports. The second position in the ranking was held by Botswana ($X), with a 26% share of total exports. It was followed by Tanzania, with a 2% share.

In South Africa, plastic reservoir exports plunged by an average annual rate of -5.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Botswana (+11.8% per year) and Tanzania (+12.6% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, showed a slight reduction. The growth pace was the most rapid in 2020 an increase of 26% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+2.4%), while the other leaders experienced more modest paces of growth.

Plastic Reservoir Imports

Imports in SADC

In 2022, purchases abroad of plastic reservoirs, tanks and vats was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2013 with an increase of 19% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic reservoir imports stood at $X in 2022. In general, imports, however, continue to indicate a perceptible setback. The growth pace was the most rapid in 2018 with an increase of 9.3% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Swaziland (X tons), distantly followed by Democratic Republic of the Congo (X tons), South Africa (X tons), Lesotho (X tons), Zimbabwe (X tons), Botswana (X tons), Tanzania (X tons) and Angola (X tons) represented the main importers of plastic reservoirs, tanks and vats, together committing 83% of total imports.

Imports into Swaziland increased at an average annual rate of +4.2% from 2012 to 2022. At the same time, Lesotho (+12.2%), South Africa (+8.0%), Tanzania (+5.3%) and Democratic Republic of the Congo (+4.2%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of +12.2% from 2012-2022. Zimbabwe experienced a relatively flat trend pattern. By contrast, Botswana (-12.9%) and Angola (-21.5%) illustrated a downward trend over the same period. While the share of Swaziland (+12 p.p.), Lesotho (+8.3 p.p.), South Africa (+7.7 p.p.), Democratic Republic of the Congo (+6.1 p.p.), Zimbabwe (+3.4 p.p.) and Tanzania (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Botswana (-10.1 p.p.) and Angola (-32.7 p.p.) displayed negative dynamics.

In value terms, Swaziland ($X), Lesotho ($X) and Zimbabwe ($X) were the countries with the highest levels of imports in 2022, together accounting for 47% of total imports.

Lesotho, with a CAGR of +5.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, with a decrease of -6.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lesotho ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+2.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform