World - Plastic Reservoirs, Tanks And Vats - Market Analysis, Forecast, Size, Trends And Insights
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The global plastic reservoir market is forecasted to continue growing in both volume and value terms until 2030, driven by increasing demand for plastic tanks and vats worldwide. China is the largest consumer and producer of plastic reservoirs, while Germany leads in exports. The market is expected to see steady growth in imports and exports, with prices showing relatively flat trends. Overall, the market is expected to maintain a positive trajectory with moderate growth rates over the next decade.
Market Forecast
Driven by increasing demand for plastic reservoirs, tanks and vats worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market volume to 2.4M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market value to $14.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Plastic Reservoirs, Tanks And Vats
In 2022, approx. 2.3M tons of plastic reservoirs, tanks and vats were consumed worldwide; waning by -2.6% compared with 2021. The total consumption volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 9.4% against the previous year. Over the period under review, global consumption attained the maximum volume at 2.3M tons in 2021, and then fell modestly in the following year.
The global plastic reservoir market size declined to $11.8B in 2022, dropping by -2.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs at $12.1B in 2021, and then reduced modestly in the following year.
Consumption By Country
The country with the largest volume of plastic reservoir consumption was China (432K tons), accounting for 19% of total volume. Moreover, plastic reservoir consumption in China exceeded the figures recorded by the second-largest consumer, the United States (199K tons), twofold. India (173K tons) ranked third in terms of total consumption with a 7.6% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +1.3%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+2.1% per year) and India (+1.4% per year).
In value terms, the United States ($2.8B), China ($1.4B) and Turkey ($1B) appeared to be the countries with the highest levels of market value in 2022, with a combined 44% share of the global market.
Turkey, with a CAGR of +18.6%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of plastic reservoir per capita consumption in 2022 were the UK (1,486 kg per 1000 persons), Spain (1,102 kg per 1000 persons) and Germany (849 kg per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +16.9%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Plastic Reservoirs, Tanks And Vats
Global plastic reservoir production reduced modestly to 2.3M tons in 2022, with a decrease of -2.1% against the previous year's figure. The total output volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 8.5%. Over the period under review, global production reached the peak volume at 2.4M tons in 2021, and then dropped slightly in the following year.
In value terms, plastic reservoir production fell modestly to $11.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 16%. Global production peaked at $11.9B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
Production By Country
The country with the largest volume of plastic reservoir production was China (447K tons), accounting for 19% of total volume. Moreover, plastic reservoir production in China exceeded the figures recorded by the second-largest producer, the United States (186K tons), twofold. The third position in this ranking was taken by India (173K tons), with a 7.5% share.
In China, plastic reservoir production increased at an average annual rate of +1.4% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+0.8% per year) and India (+1.4% per year).
Imports
World Imports of Plastic Reservoirs, Tanks And Vats
For the eleventh consecutive year, the global market recorded growth in supplies from abroad of plastic reservoirs, tanks and vats, which increased by 2.1% to 321K tons in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 +92.9% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of 20%. Global imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, plastic reservoir imports rose significantly to $1.2B in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +77.1% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. 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, the United States, Canada, Austria, the Czech Republic, Saudi Arabia, Switzerland and the UK, represented more than half of total import. Denmark (7.7K tons) took a minor share of total imports.
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 +17.1%), 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 ($89M), Belgium ($89M) and Germany ($81M), together accounting for 21% of global imports.
In terms of the main importing countries, the Netherlands, with a CAGR of +17.8%, saw the highest rates of growth with regard to 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 $3,834 per ton, increasing by 9.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Global import price peaked at $4,077 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($5,060 per ton), while Saudi Arabia ($2,174 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Plastic Reservoirs, Tanks And Vats
Global plastic reservoir exports amounted to 360K tons in 2022, picking up by 4.9% against the previous year's figure. Overall, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +57.6% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, plastic reservoir exports rose sharply to $1.5B in 2022. In general, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +82.0% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in years to come.
Exports By Country
Germany was the major exporter of plastic reservoirs, tanks and vats in the world, with the volume of exports reaching 94K tons, which was near 26% of total exports in 2022. The Netherlands (38K tons) ranks second in terms of the total exports with an 11% share, followed by France (7%) and Malaysia (4.6%). Norway (15K tons), China (15K tons), Italy (13K tons), Poland (13K tons), Spain (9.9K tons), Austria (9.5K tons), Canada (9.4K tons), South Korea (7.5K tons) and Bahrain (6.3K tons) took a minor share of total exports.
From 2012 to 2022, average annual rates of growth with regard to plastic reservoir exports from Germany stood at +5.1%. At the same time, Bahrain (+69.5%), Norway (+34.4%), Poland (+17.8%), the Netherlands (+17.8%), Canada (+10.5%), Spain (+7.7%), Malaysia (+5.2%), China (+4.7%), Italy (+4.4%), Austria (+2.0%) and South Korea (+1.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the world, with a CAGR of +69.5% from 2012-2022. By contrast, France (-3.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Norway, Poland and Bahrain increased by +7.3, +3.9, +2.5 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Germany ($309M) remains the largest plastic reservoir supplier worldwide, comprising 21% of global exports. The second position in the ranking was taken by the Netherlands ($126M), with an 8.7% share of global exports. It was followed by France, with a 5.3% share.
In Germany, plastic reservoir exports increased at an average annual rate of +4.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+14.7% per year) and France (-0.8% per year).
Export Prices By Country
The average plastic reservoir export price stood at $4,028 per ton in 2022, increasing by 3.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The global export price peaked at $4,084 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($6,165 per ton), while Bahrain ($2,493 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+12.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global plastic reservoir market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22231300 - Plastic reservoirs, tanks, vats, intermediate bulk and similar containers, of a capacity > .300 litres
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global plastic reservoir market.
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