Asia-Pacific: Market for Plastic Baths, Shower-Baths, Sinks And Wash-Basins 2024

Market Size for Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Asia-Pacific

The Asia-Pacific plastic bath or sink market expanded modestly to $X in 2022, picking up by 2.3% against the previous year. In general, consumption saw a slight increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Asia-Pacific

In value terms, plastic bath or sink production rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Exports in Asia-Pacific

In 2022, shipments abroad of plastic baths, shower-baths, sinks and wash-basins decreased by -14.8% to X units for the first time since 2016, thus ending a five-year rising trend. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +112.2% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by 62%. Over the period under review, the exports attained the peak figure at X units in 2021, and then dropped in the following year.

In value terms, plastic bath or sink exports dropped to $X in 2022. Overall, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

China dominates exports structure, amounting to X units, which was near 93% of total exports in 2022. The Philippines (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +2.5% from 2012 to 2022. At the same time, the Philippines (+7.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +7.4% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic bath or sink supplier in Asia-Pacific, comprising 92% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 2.6% share of total exports.

In China, plastic bath or sink exports increased at an average annual rate of +5.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, picking up by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2016 an increase of 24%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.8%).

Imports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Imports in Asia-Pacific

In 2022, the amount of plastic baths, shower-baths, sinks and wash-basins imported in Asia-Pacific dropped slightly to X units, with a decrease of -2.1% against the year before. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 31%. As a result, imports attained the peak of X units, and then shrank modestly in the following year.

In value terms, plastic bath or sink imports dropped slightly to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, Japan (X units) and Australia (X units) represented the key importers of plastic baths, shower-baths, sinks and wash-basins in Asia-Pacific, together comprising 53% of total imports. South Korea (X units) took the next position in the ranking, followed by Indonesia (X units) and Thailand (X units). All these countries together held approx. 21% share of total imports. The following importers - New Zealand (X units), China (X units), Vietnam (X units), Malaysia (X units), Taiwan (Chinese) (X units) and French Polynesia (X units) - together made up 18% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by French Polynesia (with a CAGR of +41.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic bath or sink importing markets in Asia-Pacific were Japan ($X), Australia ($X) and China ($X), together comprising 62% of total imports. South Korea, Indonesia, Thailand, New Zealand, Vietnam, Taiwan (Chinese), Malaysia and French Polynesia lagged somewhat behind, together accounting for a further 29%.

South Korea, with a CAGR of +22.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, declining by -1.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while French Polynesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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