Europe: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

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

In 2021, after three years of growth, there was significant decline in the Europe market for sanitary ware and parts of iron or steel, when its value decreased by -7.3% to $X. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then declined in the following year.

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

In value terms, iron or steel sanitary ware production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 34%. The level of production peaked in 2021 and is expected to retain growth in the near future.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports in Europe

In 2021, iron or steel sanitary ware exports in Europe reached X tons, surging by 7.8% on 2020 figures. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 11% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, iron or steel sanitary ware exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), distantly followed by the Netherlands (X tons), Poland (X tons), Italy (X tons), Spain (X tons), the Czech Republic (X tons), Belgium (X tons) and Denmark (X tons) represented the major exporters of sanitary ware and parts of iron or steel, together comprising 74% of total exports. Portugal (X tons), the UK (X tons), Bulgaria (X tons), Austria (X tons) and France (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to iron or steel sanitary ware exports from Germany stood at +1.1%. At the same time, the Czech Republic (+14.5%), Belgium (+12.7%), France (+12.4%), Denmark (+11.5%), the Netherlands (+9.3%), Portugal (+4.2%), Bulgaria (+2.6%) and Italy (+2.4%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Europe, with a CAGR of +14.5% from 2012-2021. The UK experienced a relatively flat trend pattern. By contrast, Poland (-3.2%), Austria (-4.1%) and Spain (-8.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, the Czech Republic, Belgium and Denmark increased by +5.3, +3.6, +3 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest iron or steel sanitary ware supplier in Europe, comprising 30% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 9.5% share of total exports. It was followed by the Netherlands, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value in Germany totaled +3.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+22.9% per year) and the Netherlands (+4.8% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, with an increase of 2.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2018 when the export price increased by 12%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.7%), while the other leaders experienced more modest paces of growth.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports in Europe

For the fifth year in a row, Europe recorded growth in purchases abroad of sanitary ware and parts of iron or steel, which increased by 12% to X tons in 2021. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel sanitary ware imports surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.1% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of sanitary ware and parts of iron or steel, namely Germany, the Netherlands, France, the UK, Russia, Belgium, Italy, Spain, the Czech Republic, Poland, Switzerland and Austria, represented more than two-thirds of total import. Bulgaria (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of +17.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel sanitary ware importing markets in Europe were Germany ($X), the Netherlands ($X) and the UK ($X), together comprising 36% of total imports. These countries were followed by France, the Czech Republic, Switzerland, Austria, Belgium, Italy, Spain, Russia, Poland and Bulgaria, which together accounted for a further 45%.

In terms of the main importing countries, Bulgaria, with a CAGR of +17.4%, saw 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 Europe stood at $X per ton in 2021, with an increase of 6.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2018 when the import price increased by 7.5% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform