Report Update Nov 1, 2024

Republic of Korea - Plastic Lavatory Seats and Covers - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Plastic Lavatory Seat Market 2024

Plastic Lavatory Seat Market Size in Republic of Korea

The South Korean plastic lavatory seat market reached $X in 2021, surging by 5.8% against the previous year. In general, consumption, however, posted strong growth. Plastic lavatory seat consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Plastic Lavatory Seat Production in Republic of Korea

In value terms, plastic lavatory seat production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 44% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Plastic Lavatory Seat Exports

Exports from Republic of Korea

In 2021, approx. X units of plastic lavatory seats and covers were exported from South Korea; which is down by -4.7% on the year before. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by 213%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic lavatory seat exports declined to $X in 2021. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2016 when exports increased by 295%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for plastic lavatory seat exports from South Korea, with a 58% share of total exports. Moreover, plastic lavatory seat exports to Canada exceeded the volume sent to the second major destination, Japan (X units), fivefold. China (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-20.2% per year) and China (+12.4% per year).

In value terms, Canada ($X) remains the key foreign market for plastic lavatory seats and covers exports from South Korea, comprising 41% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Canada stood at -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-18.8% per year) and Germany (+39.0% per year).

Export Prices by Country

In 2021, the average plastic lavatory seat export price amounted to $X per unit, shrinking by -2.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 26% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Belgium ($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 Malaysia (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Lavatory Seat Imports

Imports into Republic of Korea

In 2021, supplies from abroad of plastic lavatory seats and covers increased by 25% to X units, rising for the seventh consecutive year after two years of decline. In general, imports recorded significant growth. The growth pace was the most rapid in 2015 with an increase of 112%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, plastic lavatory seat imports soared to $X in 2021. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 52%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main plastic lavatory seat supplier to South Korea, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +37.0%.

In value terms, China ($X) constituted the largest supplier of plastic lavatory seats and covers to South Korea.

From 2012 to 2021, the average annual growth rate of value from China totaled +32.2%.

Import Prices by Country

The average plastic lavatory seat import price stood at $X per unit in 2021, leveling off at the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 28%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -3.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic lavatory seats and covers in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 41% of global consumption. These countries were followed by Pakistan, Japan, Indonesia, Brazil, Germany, the UK, Mexico, Malaysia, South Korea and Egypt, which together accounted for a further 31%.

What are the largest producers of plastic lavatory seats and covers in the world?

China constituted the country with the largest volume of plastic lavatory seat production, comprising approx. 38% of total volume. Moreover, plastic lavatory seat production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. India ranked third in terms of total production with a 7.9% share.

What are the leading suppliers of plastic lavatory seats and covers to Republic of Korea?

In value terms, China constituted the largest supplier of plastic lavatory seat to South Korea.

What are the leading importers of plastic lavatory seats and covers from Republic of Korea?

In value terms, Canada remains the key foreign market for plastic lavatory seat exports from South Korea, comprising 47% of total exports. The second position in the ranking was occupied by Japan, with an 18% share of total exports. It was followed by China, with a 4.2% share.

What is the average export price for plastic lavatory seats and covers in Republic of Korea?

In 2021, the average plastic lavatory seat export price amounted to $10,810 per ton, rising by 6.2% against the previous year.

What is the average import price for plastic lavatory seats and covers in Republic of Korea?

In 2021, the average plastic lavatory seat import price amounted to $3,940 per ton, surging by 7.2% against the previous year.

This report provides an in-depth analysis of the plastic lavatory seat market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22231270 - Plastic lavatory seats and covers

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023