Spain: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Spain

In 2022, the Spanish plastic reservoir market increased by 18% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed a strong expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Plastic Reservoir Production in Spain

In value terms, plastic reservoir production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +54.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Plastic Reservoir Exports

Exports from Spain

Plastic reservoir exports from Spain surged to X tons in 2022, picking up by 22% compared with the previous year's figure. Overall, exports saw buoyant growth. The pace of growth was the most pronounced in 2019 when exports increased by 34% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic reservoir exports skyrocketed to $X in 2022. Over the period under review, exports recorded strong growth. The growth pace was the most rapid in 2018 with an increase of 39% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Portugal (X tons) and Morocco (X tons) were the main destinations of plastic reservoir exports from Spain, with a combined 80% share of total exports. Italy, Germany, the UK and Belgium lagged somewhat behind, together comprising a further 9.7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +44.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for plastic reservoirs, tanks and vats exports from Spain, comprising 60% of total exports. The second position in the ranking was taken by Portugal ($X), with a 17% share of total exports. It was followed by Italy, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+18.7% per year) and Italy (+36.5% per year).

Export Prices by Country

The average plastic reservoir export price stood at $X per ton in 2022, increasing by 5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2013 when the average export price increased by 58%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Morocco ($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 France (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Reservoir Imports

Imports into Spain

In 2022, purchases abroad of plastic reservoirs, tanks and vats increased by 9.9% to X tons, rising for the second consecutive year after three years of decline. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +10.3% 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 +30.3% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 60% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, plastic reservoir imports rose notably to $X in 2022. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest plastic reservoir supplier to Spain, accounting for a 51% share of total imports. Moreover, plastic reservoir imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Italy (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.9% per year) and Italy (+16.5% per year).

In value terms, the largest plastic reservoir suppliers to Spain were France ($X), Germany ($X) and Portugal ($X), together comprising 81% of total imports. Italy and Greece lagged somewhat behind, together comprising a further 8.9%.

Greece, with a CAGR of +24.2%, recorded the highest growth rate of the value of imports, among the main suppliers 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, therefore, remained relatively stable against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 9.4%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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