Philippines: Plastic Sanitary Ware Market 2024

Plastic Sanitary Ware Market Size in the Philippines

In 2022, the Philippine plastic sanitary ware market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a resilient expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Plastic Sanitary Ware Production in the Philippines

In value terms, plastic sanitary ware production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Plastic sanitary ware production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Plastic Sanitary Ware Exports

Exports from the Philippines

In 2022, overseas shipments of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware were finally on the rise to reach X units after two years of decline. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, plastic sanitary ware exports skyrocketed to $X in 2022. Over the period under review, exports recorded a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units) and the United States (X units) were the main destinations of plastic sanitary ware exports from the Philippines.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%).

In value terms, Japan ($X) remains the key foreign market for plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan totaled X%.

Export Prices by Country

In 2022, the average plastic sanitary ware export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, showed a tangible increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%).

Plastic Sanitary Ware Imports

Imports into the Philippines

In 2022, supplies from abroad of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plastic sanitary ware imports reached $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest plastic sanitary ware supplier to the Philippines, with a X% share of total imports. Moreover, plastic sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average plastic sanitary ware import price amounted to $X per unit, approximately reflecting the previous year. In general, the import price, however, saw significant growth. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then declined slightly in the following year.

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

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

Source: IndexBox Platform

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