Asia-Pacific: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Asia-Pacific

In 2021, the Asia-Pacific market for sanitary ware and parts of iron or steel decreased by -5.3% to $X, falling for the second consecutive year after four years of growth. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.9% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Sanitary Ware And Parts Of Iron Or Steel in Asia-Pacific

In value terms, iron or steel sanitary ware production totaled $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.7% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports in Asia-Pacific

In 2021, overseas shipments of sanitary ware and parts of iron or steel increased by 27% to X tons, rising for the fifth consecutive year after three years of decline. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.4% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel sanitary ware exports surged to $X in 2021. In general, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 93% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a 4.7% share of total exports.

China was also the fastest-growing in terms of the sanitary ware and parts of iron or steel exports, with a CAGR of +7.0% from 2012 to 2021. Taiwan (Chinese) (-1.8%) illustrated a downward trend over the same period. China (+7.1 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -4.7% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest iron or steel sanitary ware supplier in Asia-Pacific, comprising 91% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 5.8% share of total exports.

In China, iron or steel sanitary ware exports expanded at an average annual rate of +12.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, surging by 9.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. The pace of growth appeared the most rapid in 2013 an increase of 12% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%).

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports in Asia-Pacific

In 2021, supplies from abroad of sanitary ware and parts of iron or steel was finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, iron or steel sanitary ware imports soared to $X in 2021. The total import value increased at an average annual rate of +6.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons), Thailand (X tons), Indonesia (X tons), India (X tons), Australia (X tons), Japan (X tons), Singapore (X tons), Vietnam (X tons), Hong Kong SAR (X tons), Malaysia (X tons), China (X tons) and Pakistan (X tons) was the major importer of sanitary ware and parts of iron or steel in Asia-Pacific, creating 84% of total import.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +25.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), South Korea ($X) and Japan ($X) were the countries with the highest levels of imports in 2021, with a combined 36% share of total imports. These countries were followed by Thailand, Singapore, China, Vietnam, Hong Kong SAR, India, Indonesia, Malaysia and Pakistan, which together accounted for a further 45%.

Among the main importing countries, Pakistan, with a CAGR of +23.9%, 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 Asia-Pacific amounted to $X per ton, surging by 2.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2017 when the import price increased by 17%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+12.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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