China: Copper Sanitary Ware Market 2024

Copper Sanitary Ware Market Size in China

In 2021, after four years of growth, there was significant decline in the Chinese copper sanitary ware market, when its value decreased by -22.5% to $X. Overall, consumption, however, saw modest growth. Copper sanitary ware consumption peaked at $X in 2020, and then reduced remarkably in the following year.

Copper Sanitary Ware Production in China

In value terms, copper sanitary ware production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 18%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Copper Sanitary Ware Exports

Exports from China

In 2021, the amount of sanitary ware and parts of copper exported from China skyrocketed to X tons, picking up by 31% against 2020 figures. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper sanitary ware exports surged to $X in 2021. Overall, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 +67.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for copper sanitary ware exports from China, accounting for a 21% share of total exports. Moreover, copper sanitary ware exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.4% per year) and Australia (+1.4% per year).

In value terms, the United States ($X) remains the key foreign market for sanitary ware and parts of copper exports from China, comprising 22% of total exports. The second position in the ranking was held by Australia ($X), with an 8.2% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+8.5% per year) and Germany (+3.6% per year).

Export Prices by Country

The average copper sanitary ware export price stood at $X per ton in 2021, rising by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Sanitary Ware Imports

Imports into China

After three years of decline, purchases abroad of sanitary ware and parts of copper increased by 8.7% to X tons in 2021. In general, imports showed a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 72%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, copper sanitary ware imports soared to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The growth pace was the most rapid in 2017 with an increase of 65% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of copper sanitary ware imports to China, together comprising 90% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +23.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of sanitary ware and parts of copper to China, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 27% share of total imports. It was followed by Italy, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.7% per year) and Italy (+12.2% per year).

Import Prices by Country

In 2021, the average copper sanitary ware import price amounted to $X per ton, growing by 42% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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