India: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in India

The Indian plastic reservoir market reduced slightly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plastic Reservoir Production in India

In value terms, plastic reservoir production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Plastic Reservoir Exports

Exports from India

In 2022, the amount of plastic reservoirs, tanks and vats exported from India skyrocketed to X tons, picking up by X% against the previous year. In general, exports recorded a moderate increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, plastic reservoir exports stood at $X in 2022. Overall, exports recorded perceptible growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Tanzania (X tons), Bhutan (X tons) and Maldives (X tons) were the main destinations of plastic reservoir exports from India, together accounting for X% of total exports. Democratic Republic of the Congo, Nigeria, Mauritius, Qatar, Nepal, New Zealand, Australia, Sri Lanka and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for plastic reservoir exported from India were Tanzania ($X), Bhutan ($X) and Maldives ($X), together comprising X% of total exports. Nigeria, Democratic Republic of the Congo, Mauritius, New Zealand, Nepal, Qatar, Sri Lanka, Australia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Qatar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic reservoir export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a slight decrease. The growth pace was the most rapid in 2013 an increase of X% against the previous year. 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 somewhat lower figure.

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

Plastic Reservoir Imports

Imports into India

In 2022, after five years of growth, there was significant decline in overseas purchases of plastic reservoirs, tanks and vats, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, plastic reservoir imports shrank rapidly to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell significantly in the following year.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and South Korea (X tons) were the main suppliers of plastic reservoir imports to India, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and South Korea ($X) were the largest plastic reservoir suppliers to India, with a combined X% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 ($X per ton), while the price for China ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform