Hong Kong SAR, China: Plastic Lavatory Seat Market 2024

Plastic Lavatory Seat Market Size in Hong Kong SAR, China

For the fourth year in a row, the Hong Kong plastic lavatory seat market recorded growth in sales value, which increased by 2.5% to $X in 2021. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Plastic lavatory seat consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Plastic Lavatory Seat Exports

Exports from Hong Kong SAR, China

In 2021, after two years of growth, there was significant decline in overseas shipments of plastic lavatory seats and covers, when their volume decreased by -18.5% to X units. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 22%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, plastic lavatory seat exports contracted to $X in 2021. Over the period under review, exports saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for plastic lavatory seat exports from Hong Kong SAR, accounting for a 52% share of total exports. Moreover, plastic lavatory seat exports to Japan exceeded the volume sent to the second major destination, China (X units), threefold. The United States (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +86.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-2.9% per year) and the United States (-17.5% per year).

In value terms, Japan ($X) remains the key foreign market for plastic lavatory seats and covers exports from Hong Kong SAR, comprising 51% of total exports. The second position in the ranking was held by China ($X), with a 16% share of total exports. It was followed by the United States, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Japan stood at +93.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+0.9% per year) and the United States (-14.3% per year).

Export Prices by Country

The average plastic lavatory seat export price stood at $X per unit in 2021, surging by 6.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Mongolia ($X per unit) and Australia ($X per unit), while the average price for exports to Macao SAR ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Lavatory Seat Imports

Imports into Hong Kong SAR, China

In 2021, after three years of growth, there was significant decline in overseas purchases of plastic lavatory seats and covers, when their volume decreased by -9.6% to X units. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 19%. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, plastic lavatory seat imports totaled $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 15%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest plastic lavatory seat supplier to Hong Kong SAR, with a 72% share of total imports. Moreover, plastic lavatory seat imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), sixfold. The third position in this ranking was taken by the Netherlands (X units), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+32.9% per year) and the Netherlands (+33.5% per year).

In value terms, China ($X) constituted the largest supplier of plastic lavatory seats and covers to Hong Kong SAR, comprising 72% of total imports. The second position in the ranking was taken by Spain ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+33.9% per year) and the Netherlands (+34.5% per year).

Import Prices by Country

In 2021, the average plastic lavatory seat import price amounted to $X per unit, increasing by 14% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per unit) and the Netherlands ($X per unit), while the price for Thailand ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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