Eastern Asia: Plastic Lavatory Seat Market 2024

Plastic Lavatory Seat Market Size in Eastern Asia

In 2021, the East Asian plastic lavatory seat market decreased by -5.6% to $X for the first time since 2014, thus ending a six-year rising trend. Overall, consumption, however, saw tangible growth. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced in the following year.

Plastic Lavatory Seat Production in Eastern Asia

In value terms, plastic lavatory seat production shrank modestly to $X in 2021 estimated in export price. The total production indicated moderate growth 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, production increased by +84.1% against 2014 indices. The pace of growth appeared the most rapid in 2017 with an increase of 23% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Plastic Lavatory Seat Exports

Exports in Eastern Asia

In 2021, approx. X units of plastic lavatory seats and covers were exported in Eastern Asia; increasing by 15% against 2020. Total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% 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 +99.8% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 64% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, plastic lavatory seat exports stood at $X in 2021. The total export value increased at an average annual rate of +3.7% 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

The shipments of the one major exporters of plastic lavatory seats and covers, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the plastic lavatory seats and covers exports, with a CAGR of +3.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest plastic lavatory seat supplier in Eastern Asia.

In China, plastic lavatory seat exports increased at an average annual rate of +3.9% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, flattening at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 37% against the previous year. 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.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +0.3% per year.

Plastic Lavatory Seat Imports

Imports in Eastern Asia

For the fourth consecutive year, Eastern Asia recorded growth in purchases abroad of plastic lavatory seats and covers, which increased by 6.5% to X units in 2021. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 15%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, plastic lavatory seat imports stood at $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 9.3%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

South Korea (X units) and Japan (X units) were the major importers of plastic lavatory seats and covers in 2021, amounting to approx. 34% and 27% of total imports, respectively. It was distantly followed by Hong Kong SAR (X units), Taiwan (Chinese) (X units) and China (X units), together mixing up a 38% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +27.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 73% of total imports.

Among the main importing countries, South Korea, with a CAGR of +19.9%, 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

The import price in Eastern Asia stood at $X per unit in 2021, standing approx. at the previous year. Overall, the import price, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2014 when the import price increased by 5.3% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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