Asia-Pacific: Plastic Lavatory Seat Market 2024

Plastic Lavatory Seat Market Size in Asia-Pacific

After six years of growth, the Asia-Pacific plastic lavatory seat market decreased by -5.2% to $X in 2021. The total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +84.7% against 2014 indices. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Plastic Lavatory Seat Production in Asia-Pacific

In value terms, plastic lavatory seat production dropped modestly to $X in 2021 estimated in export price. The total production indicated a moderate increase 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, production increased by +79.6% against 2014 indices. The pace of growth was the most pronounced in 2017 with an increase of 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Plastic Lavatory Seat Exports

Exports in Asia-Pacific

In 2021, the amount of plastic lavatory seats and covers exported in Asia-Pacific soared to X units, growing by 16% against the previous year's figure. Total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +105.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 60%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, plastic lavatory seat exports surged to $X in 2021. The total export value increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was near 89% of total exports in 2021. It was distantly followed by Malaysia (X units), generating an 8.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to plastic lavatory seat exports from China stood at +3.6%. At the same time, Malaysia (+28.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +28.8% from 2012-2021. Malaysia (+7.3 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -7.5% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest plastic lavatory seat supplier in Asia-Pacific, comprising 85% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +3.9%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, approximately reflecting the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 34% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.3%).

Plastic Lavatory Seat Imports

Imports in Asia-Pacific

In 2021, after three years of decline, there was significant growth in purchases abroad of plastic lavatory seats and covers, when their volume increased by 13% to X units. Total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, plastic lavatory seat imports soared to $X in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X units) and Australia (X units) represented the main importers of plastic lavatory seats and covers in 2021, reaching near 21% and 15% of total imports, respectively. India (X units) ranks next in terms of the total imports with an 8.1% share, followed by South Korea (8%), Indonesia (7.3%), Japan (6.4%) and Vietnam (6.2%). The following importers - Hong Kong SAR (X units), Bangladesh (X units), New Zealand (X units), the Philippines (X units), Taiwan (Chinese) (X units) and Malaysia (X units) - together made up 20% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +27.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic lavatory seat importing markets in Asia-Pacific were Thailand ($X), Australia ($X) and Japan ($X), together comprising 43% of total imports. India, Vietnam, Indonesia, South Korea, Hong Kong SAR, New Zealand, the Philippines, Malaysia, Taiwan (Chinese) and Bangladesh lagged somewhat behind, together accounting for a further 45%.

In terms of the main importing countries, Bangladesh, with a CAGR of +22.4%, saw the highest rates of growth with regard to 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 Asia-Pacific amounted to $X per unit, increasing by 7.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 19% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while South Korea ($X per unit) was 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

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