Plastic reservoirs, tanks, vats and similar containers with capacity >300 litres market in Greece

Earlier Report Observations

The Greek market for plastic reservoirs, tanks, vats and similar containers with capacity exceeding 300 litres experienced significant fluctuations between 2018 and 2024. Starting at a value of 13.8 million US dollars in 2018, it contracted to 11.6 million in 2019 before entering a period of sustained growth. Market size more than doubled by 2023, reaching 37.7 million, but then declined to 31.7 million in 2024.

The growth phase from 2020 onwards was supported by global industry trends. In 2022, worldwide production of plastic reservoirs increased by 5.8%, led by China which accounted for 19% of total output. This expansion in global supply, coupled with growing demand for industrial and water storage applications, contributed to the rising market volume in Greece. Domestic production and imports both expanded during this period, reflecting the broader market momentum.

The market contraction in 2024 coincided with a 12.1% drop in global exports of plastic reservoirs, indicating softer international demand and production adjustments. China's continued dominance as the world's largest manufacturer influenced competitive dynamics and pricing in the Greek market. These factors, along with the natural volatility following a period of rapid expansion, led to the observed decrease in market size.

Production plastic reservoirs with capacity >300 litres in Greece

In value, 2017-2020, K $ US

In 2020, Greece's production of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters was valued at 19 786 thousand US dollars, representing a 13.5% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 10.8%, with a compound annual growth rate of 3.5%. The lowest value was recorded in 2019 at 17 434 thousand US dollars, which also saw the largest decline of 10.7%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, t

In 2020, Greece produced 5 171 tons of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters, marking a 14.2% increase from the previous year. From 2017 to 2020, production rose by 27.6%, with a compound annual growth rate of 8.5%. The largest decline occurred in 2019 at 6.0%, while the largest increase was recorded in 2018 at 18.8%.

Annual dynamics of production in Greece in kind, 2017-2020, t

Exports plastic reservoirs with capacity >300 litres from Greece

Exports in kind, t

Following two years of growth, Greece's exports of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters declined. In 2020, export volume totaled 3 427 tons, reflecting a sharp decrease of 27.5% year-over-year. Between 2017 and 2020, exports increased by 3.3%, equivalent to an annualized rate of 1.1%. The peak volume was recorded in 2019 at 4 725 tons, with the largest increase occurring in 2018 at 40.0%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

From 2017 to 2020, Romania, Cyprus, and Bulgaria were the main destinations for Greece's exports of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters. Romania accounted for 31.6% of exports in kind, Cyprus for 16.5%, and Bulgaria for 14.2%, together representing 62.3% of total exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

Greece's exports of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters declined for the second consecutive year. In 2020, exports reached 6 579 thousand US dollars, down by 32.3% compared to the previous year. Over the period from 2017 to 2020, exports decreased by 9.7%, with a compound annual growth rate of -3.3%. The highest value was recorded in 2018 at 10 113 thousand US dollars, which also saw the largest increase of 38.9%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

Throughout 2017 to 2020, Romania, Cyprus, and Bulgaria remained the key partners for Greece's exports in value terms. Romania accounted for 28.7% of exports, Cyprus for 16.7%, and Bulgaria for 15.0%, together making up 60.4% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports plastic reservoirs with capacity >300 litres to Greece

Imports in kind, t

Greece's imports of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters increased for the third consecutive year. In 2020, imports were recorded at 1 213 tons, showing a slight rise of 2.6% over the past year. From 2017 to 2020, imports grew by 13.6%, with a compound annual growth rate of 4.3%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

In the period from 2017 to 2020, Italy, Germany, and Bulgaria led the structure of Greece's imports in kind for plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters. Italy accounted for 30.1% of imports, Germany for 22.2%, and Bulgaria for 18.9%, together representing 71.2% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

In 2020, Greece's imports of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters totaled 4 703 thousand US dollars, up by 19.6% compared to 2019. Between 2017 and 2020, imports increased by 28.1%, equating to an annualized rate of 8.6%. The largest decline was recorded in 2019 at 10.1%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

Over 2017 to 2020, Italy, Germany, and Bulgaria remained the leading destinations in Greece's import structure in value terms for plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters. Italy accounted for 38.0% of imports, Germany for 16.8%, and Bulgaria for 11.6%, with a combined share of 66.4% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020