Global Plastic Reservoir Market 2024

Plastic Reservoir Market Size

In 2022, after four years of growth, there was decline in the global plastic reservoir market, when its value decreased by -1.2% to $X. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the maximum level at $X in 2021, and then shrank modestly in the following year.

Plastic Reservoir Production

In value terms, plastic reservoir production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 19%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Plastic Reservoir Exports

Exports

Global plastic reservoir exports totaled X tons in 2022, flattening at the previous year. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plastic reservoir exports expanded modestly to $X in 2022. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Germany (X tons) was the largest exporter of plastic reservoirs, tanks and vats, constituting 27% of total exports. The Netherlands (X tons) took the second position in the ranking, followed by France (X tons) and Norway (X tons). All these countries together took approx. 23% share of total exports. China (X tons), Italy (X tons), Poland (X tons), Malaysia (X tons), Spain (X tons), Austria (X tons), Canada (X tons), South Korea (X tons) and Ireland (X tons) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +5.0% from 2012 to 2022. At the same time, Norway (+34.4%), the Netherlands (+17.9%), Poland (+17.8%), Ireland (+14.0%), Canada (+9.2%), Spain (+7.6%), China (+4.6%), Italy (+4.2%), Austria (+1.7%) and South Korea (+1.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in the world, with a CAGR of +34.4% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, France (-3.0%) illustrated a downward trend over the same period. While the share of the Netherlands (+7.9 p.p.), Norway (+4.2 p.p.), Poland (+2.6 p.p.) and Germany (+2.2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of France (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest plastic reservoir supplier worldwide, comprising 22% of global exports. The second position in the ranking was held by the Netherlands ($X), with a 9% share of global exports. It was followed by Poland, with a 5.5% share.

In Germany, plastic reservoir exports increased at an average annual rate of +4.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+14.6% per year) and Poland (+14.5% per year).

Export Prices by Country

In 2022, the average plastic reservoir export price amounted to $X per ton, increasing by 3.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 13% against the previous year. The global export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.2%), while the other global leaders experienced more modest paces of growth.

Plastic Reservoir Imports

Imports

In 2022, global imports of plastic reservoirs, tanks and vats shrank to X tons, which is down by -3.3% against 2021 figures. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +83.6% against 2012 indices. The growth pace was the most rapid in 2021 when imports increased by 23%. As a result, imports reached the peak of X tons, and then shrank slightly in the following year.

In value terms, plastic reservoir imports expanded rapidly to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +71.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The purchases of the twelve major importers of plastic reservoirs, tanks and vats, namely Belgium, the Netherlands, Sweden, France, Germany, Canada, the United States, Austria, the Czech Republic, Saudi Arabia, Switzerland and the UK, represented more than half of total import. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +16.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest plastic reservoir importing markets worldwide were the Netherlands ($X), Belgium ($X) and Germany ($X), together comprising 21% of global imports.

Among the main importing countries, the Netherlands, with a CAGR of +17.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plastic reservoir import price amounted to $X per ton, rising by 11% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Saudi Arabia ($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 (+1.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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