Latin America and the Caribbean: Market for Plastic Baths, Shower-Baths, Sinks And Wash-Basins 2024

Market Size for Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Latin America and the Caribbean

The Latin American plastic bath or sink market amounted to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Production of Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Latin America and the Caribbean

In value terms, plastic bath or sink production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 11% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

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

Exports in Latin America and the Caribbean

In 2022, overseas shipments of plastic baths, shower-baths, sinks and wash-basins increased by 1.6% to X units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 92%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, plastic bath or sink exports reached $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.2% 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 +10.2% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 30%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Mexico prevails in exports structure, accounting for X units, which was near 93% of total exports in 2022. Brazil (X units) took a relatively small share of total exports.

Mexico was also the fastest-growing in terms of the plastic baths, shower-baths, sinks and wash-basins exports, with a CAGR of +12.2% from 2012 to 2022. Brazil experienced a relatively flat trend pattern. While the share of Mexico (+18 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-5.4 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest plastic bath or sink supplier in Latin America and the Caribbean, comprising 90% of total exports. The second position in the ranking was taken by Brazil ($X), with a 6% share of total exports.

In Mexico, plastic bath or sink exports expanded at an average annual rate of +10.8% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, standing approx. at the previous year. In general, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2016 when the export price increased by 44% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Mexico stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.6%).

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

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in purchases abroad of plastic baths, shower-baths, sinks and wash-basins, which increased by 10% to X units in 2022. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +40.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, plastic bath or sink imports stood at $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +52.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X units), distantly followed by Chile (X units), Argentina (X units) and the Dominican Republic (X units) were the key importers of plastic baths, shower-baths, sinks and wash-basins, together achieving 56% of total imports. Peru (X units), Brazil (X units), Panama (X units), Cayman Islands (X units), Barbados (X units), Belize (X units), Colombia (X units), Ecuador (X units) and Jamaica (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cayman Islands (with a CAGR of +31.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported plastic baths, shower-baths, sinks and wash-basins in Latin America and the Caribbean, comprising 38% of total imports. The second position in the ranking was held by Chile ($X), with a 10% share of total imports. It was followed by Argentina, with a 9.5% share.

In Mexico, plastic bath or sink imports expanded at an average annual rate of +10.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+10.4% per year) and Argentina (+6.8% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 when the import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per unit, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Belize ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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