Asia-Pacific: Copper Sanitary Ware Market 2024

Copper Sanitary Ware Market Size in Asia-Pacific

In 2021, after two years of growth, there was significant decline in the Asia-Pacific copper sanitary ware market, when its value decreased by -10.9% to $X. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Copper Sanitary Ware Production in Asia-Pacific

In value terms, copper sanitary ware production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a mild increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Copper Sanitary Ware Exports

Exports in Asia-Pacific

In 2021, overseas shipments of sanitary ware and parts of copper increased by 20% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper sanitary ware exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporter of sanitary ware and parts of copper in Asia-Pacific, with the volume of exports reaching X tons, which was approx. 66% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), India (X tons) and Thailand (X tons), together comprising a 32% share of total exports.

China was also the fastest-growing in terms of the sanitary ware and parts of copper exports, with a CAGR of +1.3% from 2012 to 2021. At the same time, Thailand (+1.1%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-2.7%) and India (-5.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest copper sanitary ware supplier in Asia-Pacific, comprising 66% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 22% share of total exports. It was followed by India, with a 4.9% share.

In China, copper sanitary ware exports increased at an average annual rate of +4.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+0.0% per year) and India (-3.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, increasing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the other leaders experienced more modest paces of growth.

Copper Sanitary Ware Imports

Imports in Asia-Pacific

After four years of decline, overseas purchases of sanitary ware and parts of copper increased by 30% to X tons in 2021. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, copper sanitary ware imports soared to $X in 2021. The total import value increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons), distantly followed by Indonesia (X tons), India (X tons), Thailand (X tons) and Japan (X tons) were the main importers of sanitary ware and parts of copper, together creating 66% of total imports. The following importers - Singapore (X tons), China (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), Malaysia (X tons), South Korea (X tons), Hong Kong SAR (X tons) and the Philippines (X tons) - together made up 29% 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, Australia ($X) constitutes the largest market for imported sanitary ware and parts of copper in Asia-Pacific, comprising 28% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by China, with a 12% share.

In Australia, copper sanitary ware imports increased at an average annual rate of +9.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (-0.3% per year) and China (+8.2% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, jumping by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2018 an increase of 20%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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

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