Singapore: Ceramic Sanitary Ware Market 2024

Ceramic Sanitary Ware Market Size in Singapore

The Singaporean ceramic sanitary ware market soared to $X in 2022, picking up by 102% 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). In general, consumption recorded buoyant growth. Ceramic sanitary ware consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Ceramic Sanitary Ware Exports

Exports from Singapore

In 2022, approx. X units of ceramic sinks, baths, water closet pans and similar sanitary fixtures were exported from Singapore; which is down by -19.8% on 2021 figures. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 92%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ceramic sanitary ware exports surged to $X in 2022. Over the period under review, exports, however, showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X units) was the main destination for ceramic sanitary ware exports from Singapore, with a 83% share of total exports. Moreover, ceramic sanitary ware exports to Saudi Arabia exceeded the volume sent to the second major destination, South Africa (X units), more than tenfold. The third position in this ranking was held by the Philippines (X units), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to +101.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+29.2% per year) and the Philippines (-8.3% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for ceramic sinks, baths, water closet pans and similar sanitary fixtures exports from Singapore, comprising 76% of total exports. The second position in the ranking was taken by South Africa ($X), with a 7.6% share of total exports. It was followed by the Philippines, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at +196.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+59.8% per year) and the Philippines (+11.3% per year).

Export Prices by Country

The average ceramic sanitary ware export price stood at $X per unit in 2022, surging by 314% against the previous year. In general, the export price posted a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Malaysia ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+86.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Sanitary Ware Imports

Imports into Singapore

In 2022, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures into Singapore surged to X units, picking up by 124% against the previous year. In general, imports continue to indicate tangible growth. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, ceramic sanitary ware imports skyrocketed to $X in 2022. Overall, imports recorded a tangible increase. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of ceramic sanitary ware to Singapore, with a 100% share of total imports. Moreover, ceramic sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Italy (X units) ranked third in terms of total imports with a 30% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.9% per year) and Italy (+10.4% per year).

In value terms, China ($X) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures to Singapore, comprising 202% of total imports. The second position in the ranking was taken by Italy ($X), with a 20% share of total imports. It was followed by Malaysia, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.6% per year) and Malaysia (-9.0% per year).

Import Prices by Country

In 2022, the average ceramic sanitary ware import price amounted to $X per unit, waning by -21.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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