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

Earlier Report Observations

The Swedish market for plastic reservoirs, tanks, vats and similar containers with capacity exceeding 300 litres showed considerable volatility in both volume and value terms between 2018 and 2023. The market volume started at 10 945 t in 2018, then gradually declined to 8 528 t by 2020, a reduction of over 20%. In contrast, the market's value demonstrated a different trajectory, remaining relatively stable between 45.2 million USD and 41.5 million USD during the same initial period.

A pronounced turnaround occurred in 2021, with the market volume surging by 64% to reach 13 981 t. This expansion was accompanied by an even sharper 55% increase in market value, which jumped to 64.4 million USD. The following years saw a moderation in growth; the volume receded to 13 463 t in 2022 and further to 12 792 t in 2023, while the market value peaked at 66.1 million USD in 2022 before declining to 60.1 million USD in 2023.

Overall, the six-year period concluded with the market's value approximately 33% higher than its 2018 level, despite the physical volume in 2023 being 17% below the 2021 peak. The market exhibited a pattern of a sharp contraction followed by a strong recovery and subsequent stabilization.

Production plastic reservoirs with capacity >300 litres in Sweden

In value, 2017-2020, K $ US

In Sweden, the production value of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters reached its lowest point in 2019 at 16 041 thousand US dollars. It then rose to 17 236 thousand US dollars in 2020, marking a 7.5% increase from the previous year. The peak value was recorded earlier in 2018 at 17 535 thousand US dollars, with the most significant decline occurring in 2019 at 8.5%.

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

In kind, 2017-2020, t

Sweden's production of plastic reservoirs, tanks, vats, and similar containers with a capacity over 300 liters declined after two years of growth. In 2020, output remained stable at 2 128 tonnes compared to the previous year. Over the 2017-2020 period, production increased by 33.4%, with a compound annual growth rate of 10.1%. The highest production level was in 2019 at 2 136 tonnes, while the largest annual increase occurred in 2018 at 33.6%.

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

Exports plastic reservoirs with capacity >300 litres from Sweden

Exports in kind, t

Sweden's exports of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters fell for the second year in a row. In 2020, exports dropped to 2 756 tonnes, a 44.7% decrease from the previous year. From 2017 to 2020, exports declined by 49.3%, with an annualized rate of 20.2%. The peak export volume was in 2018 at 5 875 tonnes, and the largest annual increase also occurred in 2018 at 8.1%.

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

From 2017 to 2020, Finland, Denmark, and Norway were the top destinations for Sweden's exports of these containers by volume. Finland accounted for 51.9% of exports, Denmark for 28.0%, and Norway for 18.0%, together making up 97.9% of total export flows.

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

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

Exports in value, K $ US

Sweden's export value of plastic reservoirs, tanks, vats, and similar containers with a capacity over 300 liters decreased for the second consecutive year. In 2020, exports totaled 9 754 thousand US dollars, down 36.3% year-over-year. Between 2017 and 2020, exports fell by 35.2%, equivalent to an annualized decline of 13.5%. The highest value was recorded in 2018 at 16 895 thousand US dollars, with the largest annual increase also in 2018 at 12.2%.

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

From 2017 to 2020, Finland, Denmark, and Norway led as the main buyers of these containers from Sweden by value. Finland represented 48.9% of export value, Denmark 24.8%, and Norway 23.7%, combining for 97.3% of total export value.

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

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

Imports plastic reservoirs with capacity >300 litres to Sweden

Imports in kind, t

Sweden's imports of plastic reservoirs, tanks, vats, and similar containers with a capacity exceeding 300 liters declined for the second year in a row. In 2020, imports amounted to 9 157 tonnes, a 32.3% decrease from the previous year. Over the 2017-2020 period, imports dropped by 34.3%, with an annualized rate of 13.1%. The peak import volume was in 2018 at 14 689 tonnes, and the largest annual increase also occurred in 2018 at 5.4%.

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

Between 2017 and 2020, Norway and Germany dominated Sweden's imports of these containers by volume, jointly accounting for 88.2% of total flows, while other countries made up the remainder.

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

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

Imports in value, K $ US

Sweden's import value of plastic reservoirs, tanks, vats, and similar containers with a capacity over 300 liters fell for the second consecutive year. In 2020, imports totaled 33 983 thousand US dollars, down 15.6% from the previous year. From 2017 to 2020, imports decreased by 13.4%, equating to an annualized decline of 4.7%. The highest value was in 2018 at 44 511 thousand US dollars, with the largest annual increase also in 2018 at 13.5%.

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

Throughout 2017-2020, Norway, Germany, and Finland were the key partners for Sweden's imports of these containers by value. Norway accounted for 40.7% of import value, Germany for 35.1%, and Finland for 7.1%, together representing 83.0% of total import flows.

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

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