China: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in China

In 2021, after four years of growth, there was significant decline in the Chinese market for sanitary ware and parts of iron or steel, when its value decreased by -32.9% to $X. In general, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced remarkably in the following year.

Production of Sanitary Ware And Parts Of Iron Or Steel in China

In value terms, iron or steel sanitary ware production reduced slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +69.9% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 17% against the previous year. Iron or steel sanitary ware production peaked at $X in 2020, and then reduced in the following year.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from China

In 2021, exports of sanitary ware and parts of iron or steel from China soared to X tons, growing by 27% on the year before. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% 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 +117.8% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel sanitary ware exports soared to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports reached 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 iron or steel sanitary ware exports from China, accounting for a 25% share of total exports. Moreover, iron or steel sanitary ware exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by Vietnam (X tons), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.6% per year) and Vietnam (+32.4% per year).

In value terms, the United States ($X) remains the key foreign market for sanitary ware and parts of iron or steel exports from China, comprising 27% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 4.2% share of total exports. It was followed by Germany, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+33.9% per year) and Germany (+10.1% per year).

Export Prices by Country

In 2021, the average export price for sanitary ware and parts of iron or steel amounted to $X per ton, surging by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +5.4%. The pace of growth appeared the most rapid in 2013 an increase of 16%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Germany ($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 the United States (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into China

In 2021, the amount of sanitary ware and parts of iron or steel imported into China skyrocketed to X tons, increasing by 50% against the year before. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 583%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, iron or steel sanitary ware imports soared to $X in 2021. In general, imports enjoyed prominent growth. The growth pace was the most rapid in 2014 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest iron or steel sanitary ware supplier to China, accounting for a 73% share of total imports. Moreover, iron or steel sanitary ware imports from the United States exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sevenfold. The third position in this ranking was held by Germany (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+67.2% per year) and Germany (+8.4% per year).

In value terms, the United States ($X) constituted the largest supplier of sanitary ware and parts of iron or steel to China, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Japan, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.5% per year) and Japan (+7.5% per year).

Import Prices by Country

The average import price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, declining by -5.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 157%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :