Southern Asia: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Southern Asia

The South Asian plastic reservoir market rose modestly to $X in 2022, picking up by 2.4% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plastic Reservoir Production in Southern Asia

In value terms, plastic reservoir production stood at $X in 2022 estimated in export price. The total production indicated a perceptible 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 -2.9% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 33% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Plastic Reservoir Exports

Exports in Southern Asia

Plastic reservoir exports surged to X tons in 2022, increasing by 17% on the previous year. Overall, exports posted a tangible increase. The pace of growth was the most pronounced in 2021 when exports increased by 126%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic reservoir exports amounted to $X in 2022. Over the period under review, exports saw notable growth. The growth pace was the most rapid in 2013 when exports increased by 331%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India dominates exports structure, reaching X tons, which was near 91% of total exports in 2022. It was distantly followed by Bangladesh (X tons), constituting an 8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic reservoir exports from India stood at +3.6%. At the same time, Bangladesh (+40.5%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +40.5% from 2012-2022. Bangladesh (+7.6 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -5% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest plastic reservoir supplier in Southern Asia, comprising 92% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +2.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, falling by -11.4% against the previous year. In general, the export price showed a slight reduction. The pace of growth appeared the most rapid in 2013 an increase of 111%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.4%).

Plastic Reservoir Imports

Imports in Southern Asia

In 2022, the amount of plastic reservoirs, tanks and vats imported in Southern Asia reduced remarkably to X tons, falling by -20.6% on the previous year. In general, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 90%. As a result, imports attained the peak of X tons, and then fell significantly in the following year.

In value terms, plastic reservoir imports contracted to $X in 2022. Over the period under review, imports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 71%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India dominates imports structure, accounting for X tons, which was approx. 68% of total imports in 2022. Maldives (X tons) took a 6.5% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (6.4%) and Bhutan (5.5%). The following importers - Afghanistan (X tons), Sri Lanka (X tons) and Pakistan (X tons) - together made up 11% of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic reservoir imports into India stood at +17.8%. At the same time, Bangladesh (+30.1%), Sri Lanka (+16.0%) and Maldives (+9.8%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +30.1% from 2012-2022. By contrast, Bhutan (-3.3%), Pakistan (-5.6%) and Afghanistan (-13.4%) illustrated a downward trend over the same period. India (+41 p.p.), Bangladesh (+5.5 p.p.) and Sri Lanka (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan, Bhutan and Afghanistan saw its share reduced by -8.9%, -10.2% and -30.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported plastic reservoirs, tanks and vats in Southern Asia, comprising 57% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 12% share of total imports. It was followed by Maldives, with an 8% share.

In India, plastic reservoir imports expanded at an average annual rate of +10.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+38.5% per year) and Maldives (+8.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, surging by 12% against the previous year. In general, the import price, however, showed a pronounced reduction. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+7.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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