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

Earlier Report Observations

The market for plastic reservoirs in Hungary experienced strong expansion from 2018 to 2022. Growth was initially supported by the activity of domestic manufacturers like Zsombi Plast and Sensor Technik, which broadened their product ranges with UV-resistant and durable tanks, while new players entered the market. Continuous improvements in polypropylene and polyethylene processing technologies enhanced production efficiency. Despite the COVID-19 pandemic causing global supply-chain disruptions in 2020, increased state subsidies for eco-friendly manufacturing and a shift in consumer preference toward sustainable, long-lasting containers helped sustain the upward trajectory.

Market growth accelerated in 2021 and 2022 as stricter Hungarian and EU regulations mandated higher recycled content in plastic products. This regulatory push, aligned with sustainability trends, encouraged producers to invest in new production facilities and develop premium product segments. Government incentives for innovation further supported the market, driving it to a peak value of 28 million US dollars in 2022.

After reaching its peak, the market size contracted to 25.1 million US dollars in 2023 and further to 20.0 million US dollars in 2024.

Production plastic reservoirs with capacity >300 litres in Hungary

In value, 2018-2021, K $ US

Hungary's production of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters has increased for the third consecutive year. In 2021, the output was valued at 18 157 thousand US dollars, marking a dramatic 42.0% rise compared to 2020. Over the period from 2018 to 2021, production grew by 93.8%, with a compound annual growth rate of 24.7%.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

In kind, 2018-2021, t

Production of plastic reservoirs, tanks, vats, and similar containers with a capacity over 300 liters in Hungary has risen for the third year in a row. In 2021, Hungary produced 3 601 tonnes of these items, representing a sharp 40.6% increase from the previous year. From 2018 to 2021, production surged by 207%, with a compound annual growth rate of 45.3%.

Annual dynamics of production in Hungary in kind, 2018-2021, t

Exports plastic reservoirs with capacity >300 litres from Hungary

Exports in kind, t

After two years of growth, Hungary's exports of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters declined. In 2021, exports totaled 451 tonnes, which is 10.7% lower than in 2020. Between 2018 and 2021, exports increased by 11.9%, equating to an annualized rate of 3.8%. The peak was recorded in 2020 at 505 tonnes, while the largest increase occurred in 2019 at 20.5%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

From 2018 to 2021, Germany, Romania, and Serbia were the main destinations for Hungary's exports of plastic reservoirs, tanks, vats, and similar containers with a capacity over 300 liters. Germany accounted for 28.2% of exports in kind, Romania for 23.9%, and Serbia for 10.2%, together making up 62.2% of total flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

Following a two-year decline, Hungary's exports of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters increased. In 2021, exports totaled 2 965 thousand US dollars, showing a steep 56.3% uptick from the previous year. Between 2018 and 2021, exports grew by 9.4%, with an annualized rate of 3.0%. The lowest value was recorded in 2020 at 1 897 thousand US dollars, and the largest decline occurred in 2020 at 21.1%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

An analysis of exports in value terms from 2018 to 2021 reveals a broad distribution across many markets. Romania accounted for 17.0% of exports in value terms, Germany for 14.7%, and Mexico for 10.6%, together representing only 42.3% of total flows, with a significant 57.7% going to other partners.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports plastic reservoirs with capacity >300 litres to Hungary

Imports in kind, t

The market for imports showed volatility during these years. Volumes reached their lowest point in 2018 and peaked in 2019, with a 2.2-fold difference between these years. In 2021, Hungary imported 2 351 tonnes of plastic reservoirs, tanks, vats, and similar containers with a capacity over 300 liters, up by 9.5% compared to 2020. The maximum was recorded in 2019 at 2 724 tonnes, the largest decline occurred in 2020 at 21.2%, and the largest increase was in 2019 at 122.8%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

Throughout 2018 to 2021, Germany, Poland, and Austria were the key sources for Hungary's imports of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters. Germany contributed 30.7% of imports in kind, Poland 25.9%, and Austria 12.7%, together accounting for 69.4% of total flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

Hungary's imports of plastic reservoirs, tanks, vats, and similar containers with a capacity over 300 liters from abroad have increased for the third consecutive year. In 2021, imports amounted to 10 558 thousand US dollars, rising by 35.7% compared to the previous year. Over the period from 2018 to 2021, imports surged by 273.9%, with a compound annual growth rate of 55.2%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

From 2018 to 2021, three main markets—Germany, Poland, and Italy—together absorbed 61.5% of Hungary's total imports in value terms for plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021