Eastern Asia: Market for Plastic Baths, Shower-Baths, Sinks And Wash-Basins 2024

Market Size for Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Eastern Asia

In 2022, the East Asian plastic bath or sink market increased by 1.7% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Eastern Asia

In value terms, plastic bath or sink production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Exports in Eastern Asia

In 2022, shipments abroad of plastic baths, shower-baths, sinks and wash-basins decreased by -15.6% to X units for the first time since 2016, thus ending a five-year rising trend. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +110.9% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 57%. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced sharply in the following year.

In value terms, plastic bath or sink exports dropped to $X in 2022. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The shipments of the one major exporters of plastic baths, shower-baths, sinks and wash-basins, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the plastic baths, shower-baths, sinks and wash-basins exports, with a CAGR of +2.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest plastic bath or sink supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +5.6%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, picking up by 3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2016 when the export price increased by 25% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.0% per year.

Imports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Imports in Eastern Asia

In 2022, approx. X units of plastic baths, shower-baths, sinks and wash-basins were imported in Eastern Asia; declining by -3.3% compared with 2021. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.1% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 25% against the previous year. The volume of import peaked at X units in 2021, and then fell modestly in the following year.

In value terms, plastic bath or sink imports contracted to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Japan (X units) was the main importer of plastic baths, shower-baths, sinks and wash-basins, making up 65% of total imports. It was distantly followed by South Korea (X units), China (X units) and Taiwan (Chinese) (X units), together committing a 34% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic bath or sink imports into Japan stood at +5.0%. At the same time, South Korea (+27.2%), China (+5.2%) and Taiwan (Chinese) (+3.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +27.2% from 2012-2022. From 2012 to 2022, the share of South Korea increased by +16 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported plastic baths, shower-baths, sinks and wash-basins in Eastern Asia, comprising 65% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by South Korea, with a 15% share.

In Japan, plastic bath or sink imports expanded at an average annual rate of +1.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (+5.3% per year) and South Korea (+22.9% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, reducing by -7.6% against the previous year. In general, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of 1.9% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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