ASEAN: Copper Sanitary Ware Market 2024

Copper Sanitary Ware Market Size in ASEAN

After two years of growth, the ASEAN copper sanitary ware market decreased by -3.5% to $X in 2021. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 increased by +22.6% against 2018 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Copper Sanitary Ware Production in ASEAN

In value terms, copper sanitary ware production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 27% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Copper Sanitary Ware Exports

Exports in ASEAN

Copper sanitary ware exports declined to X tons in 2021, which is down by -10.4% on 2020. In general, exports saw a slight decline. The most prominent rate of growth was recorded in 2020 when exports increased by 68% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper sanitary ware exports shrank to $X in 2021. Over the period under review, exports showed a pronounced descent. The pace of growth appeared the most rapid in 2013 with an increase of 98%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Thailand dominates exports structure, resulting at X tons, which was approx. 88% of total exports in 2021. It was distantly followed by the Philippines (X tons), comprising a 7% share of total exports. The following exporters - Vietnam (X tons) and Malaysia (X tons) - together made up 4.7% of total exports.

Thailand was also the fastest-growing in terms of the sanitary ware and parts of copper exports, with a CAGR of +1.1% from 2012 to 2021. Malaysia experienced a relatively flat trend pattern. Vietnam (-5.1%) and the Philippines (-12.6%) illustrated a downward trend over the same period. Thailand (+18 p.p.) significantly strengthened its position in terms of the total exports, while the Philippines saw its share reduced by -13.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest copper sanitary ware supplier in ASEAN, comprising 71% of total exports. The second position in the ranking was held by the Philippines ($X), with a 21% share of total exports. It was followed by Vietnam, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand was relatively modest. In the other countries, the average annual rates were as follows: the Philippines (-8.7% per year) and Vietnam (-2.2% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, with an increase of 6% against the previous year. Over the period under review, the export price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2013 when the export price increased by 67%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Copper Sanitary Ware Imports

Imports in ASEAN

In 2021, supplies from abroad of sanitary ware and parts of copper increased by 28% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 30%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, copper sanitary ware imports soared to $X in 2021. The total import value increased at an average annual rate of +6.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons) and Thailand (X tons) represented roughly 61% of total imports in 2021. It was distantly followed by Singapore (X tons), Vietnam (X tons), Malaysia (X tons) and the Philippines (X tons), together creating a 36% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper sanitary ware importing markets in ASEAN were Indonesia ($X), Thailand ($X) and Singapore ($X), together comprising 69% of total imports. Vietnam, the Philippines and Malaysia lagged somewhat behind, together accounting for a further 29%.

Among the main importing countries, Vietnam, with a CAGR of +22.2%, 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 2021, the import price in ASEAN amounted to $X per ton, jumping by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 an increase of 18%. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform