ASEAN: Plastic Lavatory Seat Market 2024

Plastic Lavatory Seat Market Size in ASEAN

In 2021, the ASEAN plastic lavatory seat market decreased by -4.9% to $X, falling for the second consecutive year after five years of growth. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.0% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plastic Lavatory Seat Production in ASEAN

In value terms, plastic lavatory seat production contracted to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.6% against 2014 indices. The growth pace was the most rapid in 2015 with an increase of 22%. The level of production peaked at $X in 2020, and then contracted slightly in the following year.

Plastic Lavatory Seat Exports

Exports in ASEAN

In 2021, approx. X units of plastic lavatory seats and covers were exported in ASEAN; increasing by 18% compared with 2020 figures. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 80%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, plastic lavatory seat exports surged to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Malaysia dominates exports structure, accounting for X units, which was approx. 89% of total exports in 2021. It was distantly followed by Thailand (X units), creating a 5.7% share of total exports. Vietnam (X units) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the plastic lavatory seats and covers exports, with a CAGR of +28.8% from 2012 to 2021. At the same time, Vietnam (+9.4%) and Thailand (+4.1%) displayed positive paces of growth. Malaysia (+34 p.p.) significantly strengthened its position in terms of the total exports, while Vietnam and Thailand saw its share reduced by -5.4% and -18.2% from 2012 to 2021, respectively.

In value terms, Malaysia ($X) remains the largest plastic lavatory seat supplier in ASEAN, comprising 89% of total exports. The second position in the ranking was taken by Thailand ($X), with a 5.4% share of total exports.

In Malaysia, plastic lavatory seat exports increased at an average annual rate of +27.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+1.9% per year) and Vietnam (+6.7% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, remaining stable against the previous year. Overall, the export price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2014 when the export price increased by 10%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-1.1%), while the other leaders experienced a decline in the export price figures.

Plastic Lavatory Seat Imports

Imports in ASEAN

After three years of decline, purchases abroad of plastic lavatory seats and covers increased by 12% to X units in 2021. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 13% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic lavatory seat imports surged to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.0% against 2018 indices. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand was the main importing country with an import of about X units, which finished at 50% of total imports. Indonesia (X units) ranks second in terms of the total imports with a 17% share, followed by Vietnam (15%), the Philippines (6.9%) and Malaysia (6.3%). Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to plastic lavatory seat imports into Thailand stood at +9.2%. At the same time, Vietnam (+9.4%), Indonesia (+2.9%) and Singapore (+2.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +9.4% from 2012-2021. By contrast, Malaysia (-5.4%) and the Philippines (-8.1%) illustrated a downward trend over the same period. Thailand (+18 p.p.) and Vietnam (+5.4 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and the Philippines saw its share reduced by -8.2% and -13.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported plastic lavatory seats and covers in ASEAN, comprising 48% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total imports. It was followed by Indonesia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand totaled +8.7%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+13.4% per year) and Indonesia (+3.0% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, picking up by 6.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2018 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per unit; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Malaysia ($X per unit) and Vietnam ($X per unit), while Indonesia ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform