Philippines: Market for Plastics Bidets, Lavatory Pans and Flushing Cisterns 2024

Market Size for Plastics Bidets, Lavatory Pans and Flushing Cisterns in the Philippines

In 2021, the Philippine market for plastics bidets, lavatory pans and flushing cisterns was finally on the rise to reach $X after three years of decline. Overall, consumption showed a buoyant expansion. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Plastics Bidets, Lavatory Pans and Flushing Cisterns in the Philippines

In value terms, production of plastics bidets, lavatory pans and flushing cisterns rose modestly to $X in 2021 estimated in export price. Overall, production enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 169%. Production of peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Plastics Bidets, Lavatory Pans and Flushing Cisterns

Exports from the Philippines

Exports of plastics bidets, lavatory pans and flushing cisterns from the Philippines skyrocketed to X units in 2021, rising by 474% against 2020 figures. Overall, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of plastics bidets, lavatory pans and flushing cisterns surged to $X in 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of plastics bidets, lavatory pans and flushing cisterns from the Philippines, with a 80% share of total exports. Moreover, exports of plastics bidets, lavatory pans and flushing cisterns to the United States exceeded the volume sent to the second major destination, Japan (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +319.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.7% per year) and Australia (+18.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for plastics bidets, lavatory pans and flushing cisterns exports from the Philippines, comprising 80% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +279.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+3.3% per year) and Australia (+22.3% per year).

Export Prices by Country

In 2021, the average export price for plastics bidets, lavatory pans and flushing cisterns amounted to $X per unit, with an increase of 14% against the previous year. Overall, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 111%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Bidets, Lavatory Pans and Flushing Cisterns

Imports into the Philippines

In 2021, purchases abroad of plastics bidets, lavatory pans and flushing cisterns was finally on the rise to reach X units after two years of decline. Overall, imports, however, showed a precipitous decrease. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of plastics bidets, lavatory pans and flushing cisterns skyrocketed to $X in 2021. In general, imports, however, saw a deep reduction. The growth pace was the most rapid in 2019 with an increase of 28%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest plastics bidets, lavatory pans and flushing cisterns supplier to the Philippines, accounting for a 81% share of total imports. Moreover, imports of plastics bidets, lavatory pans and flushing cisterns from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Japan (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.0% per year) and Japan (-17.6% per year).

In value terms, China ($X) constituted the largest supplier of plastics bidets, lavatory pans and flushing cisterns to the Philippines, comprising 81% of total imports. The second position in the ranking was held by the United States ($X), with a 4.7% share of total imports. It was followed by Japan, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.1% per year) and Japan (-14.1% per year).

Import Prices by Country

In 2021, the average import price for plastics bidets, lavatory pans and flushing cisterns amounted to $X per unit, with an increase of 5.2% against the previous year. Overall, the import price saw a significant expansion. The pace of growth was the most pronounced in 2019 an increase of 128% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and Japan ($X per unit), while the price for China ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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