Hong Kong SAR, China: Market for Plastic Baths, Shower-Baths, Sinks And Wash-Basins 2024

Market Size for Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Hong Kong SAR, China

The Hong Kong plastic bath or sink market amounted to $X in 2022, remaining stable against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Hong Kong SAR, China

In value terms, plastic bath or sink production amounted to $X in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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

Exports from Hong Kong SAR, China

In 2022, shipments abroad of plastic baths, shower-baths, sinks and wash-basins was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 62% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic bath or sink exports surged to $X in 2022. Over the period under review, exports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2017 when exports increased by 152%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), the United States (X units) and Germany (X units) were the main destinations of plastic bath or sink exports from Hong Kong SAR, with a combined 74% share of total exports. Canada, the UK, Macao SAR, France and Japan lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +51.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest markets for plastic bath or sink exported from Hong Kong SAR worldwide, together accounting for 74% of total exports. These countries were followed by Canada, the UK, Macao SAR, France and Japan, which together accounted for a further 22%.

Canada, with a CAGR of +52.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic bath or sink export price amounted to $X per unit, declining by -8.7% against the previous year. Overall, the export price, however, showed slight growth. The growth pace was the most rapid in 2017 when the average export price increased by 55% against the previous year. The export price peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Canada ($X per unit), while the average price for exports to Macao SAR ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+71.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of plastic baths, shower-baths, sinks and wash-basins, which decreased by -44.3% to X units in 2022. Overall, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of 63% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic bath or sink imports declined significantly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 60%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest plastic bath or sink supplier to Hong Kong SAR, accounting for a 51% share of total imports. Moreover, plastic bath or sink imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.0% per year) and the Netherlands (+6.5% per year).

In value terms, China ($X) constituted the largest supplier of plastic baths, shower-baths, sinks and wash-basins to Hong Kong SAR, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with a 25% share of total imports. It was followed by the Netherlands, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.3% per year) and the Netherlands (+7.8% per year).

Import Prices by Country

In 2022, the average plastic bath or sink import price amounted to $X per unit, with an increase of 9.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 an increase of 15% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Italy ($X per unit), while the price for China ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :