Philippines: Market for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China 2025

Market Size for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China in the Philippines

The Philippine market for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china surged to $X in 2022, picking up by 31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a significant increase. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Exports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Exports from the Philippines

For the fourth year in a row, the Philippines recorded decline in shipments abroad of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china, which decreased by 0% to less than X units in 2022. In general, exports faced a dramatic setback. The pace of growth was the most pronounced in 2018 when exports increased by 84%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china surged to $X in 2022. Over the period under review, exports continue to indicate a precipitous descent. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Taiwan (Chinese) totaled -17.7%.

In value terms, Taiwan (Chinese) ($X) also remains the key foreign market for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china exports from the Philippines.

From 2012 to 2020, the average annual growth rate of value to Taiwan (Chinese) stood at -14.6%.

Export Prices by Country

The average export price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china stood at $X per unit in 2020, jumping by 37% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2020: its price increased at an average annual rate of +4.0% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, export price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china increased by +72.6% against 2018 indices. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2020, the rate of growth in terms of prices for China amounted to +6.9% per year.

Imports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Imports into the Philippines

Imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china into the Philippines surged to X units in 2022, rising by 31% on 2021 figures. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 44% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china skyrocketed to $X in 2022. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china supplier to the Philippines, with a 77% share of total imports. Moreover, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+41.1% per year) and Thailand (+9.6% per year).

In value terms, China ($X) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to the Philippines, comprising 77% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+43.2% per year) and Thailand (+11.3% per year).

Import Prices by Country

The average import price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china stood at $X per unit in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2018 when the average import price increased by 7.7%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform