Asia: Plastic Lavatory Seat Market 2024

Plastic Lavatory Seat Market Size in Asia

In 2021, the Asian plastic lavatory seat market decreased by -7.4% to $X, falling for the second year in a row after five years of growth. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 -15.4% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plastic Lavatory Seat Production in Asia

In value terms, plastic lavatory seat production shrank to $X in 2021 estimated in export price. Overall, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 46% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Plastic Lavatory Seat Exports

Exports in Asia

In 2021, exports of plastic lavatory seats and covers in Asia soared to X units, increasing by 16% on 2020 figures. Total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% 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 +104.3% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 59%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, plastic lavatory seat exports soared to $X in 2021. The total export value 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. 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, resulting at X units, which was near 82% of total exports in 2021. Malaysia (X units) ranks second in terms of the total exports with an 8% share, followed by Turkey (6.3%).

Exports from China increased at an average annual rate of +3.6% from 2012 to 2021. At the same time, Malaysia (+28.8%) and Turkey (+9.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +28.8% from 2012-2021. While the share of Malaysia (+6.7 p.p.) and Turkey (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-8.6 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest plastic lavatory seat supplier in Asia, comprising 79% of total exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at +3.9%. In the other countries, the average annual rates were as follows: Malaysia (+27.4% per year) and Turkey (+7.5% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, almost unchanged from the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 31%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the other leaders experienced a decline in the export price figures.

Plastic Lavatory Seat Imports

Imports in Asia

In 2021, supplies from abroad of plastic lavatory seats and covers was finally on the rise to reach X units after three years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the peak figure 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 +3.4% 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 hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X units), distantly followed by the United Arab Emirates (X units), India (X units), South Korea (X units), Indonesia (X units), Israel (X units), Japan (X units) and Vietnam (X units) were the key importers of plastic lavatory seats and covers, together committing 64% of total imports. The following importers - Hong Kong SAR (X units), Bangladesh (X units), the Philippines (X units), Taiwan (Chinese) (X units) and Malaysia (X units) - together made up 14% of total imports.

Imports into Thailand increased at an average annual rate of +9.2% from 2012 to 2021. At the same time, South Korea (+27.4%), Bangladesh (+19.3%), Israel (+13.6%), Vietnam (+9.4%), India (+5.3%), Indonesia (+2.9%) and the United Arab Emirates (+1.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of +27.4% from 2012-2021. Japan and Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.4%), Malaysia (-5.4%) and the Philippines (-8.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand, South Korea, Israel, Bangladesh and Vietnam increased by +7.3, +6, +3.7, +2.4 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported plastic lavatory seats and covers in Asia, comprising 16% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.7% share of total imports. It was followed by Japan, with a 7.2% share.

In Thailand, plastic lavatory seat imports increased at an average annual rate of +8.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+4.9% per year) and Japan (-1.4% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, rising by 6.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2014; afterwards, it flattened through to 2021.

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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