Singapore: Plastic Sanitary Ware Market 2024

Plastic Sanitary Ware Market Size in Singapore

In 2022, the Singaporean plastic sanitary ware market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Plastic sanitary ware consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Plastic Sanitary Ware Production in Singapore

In value terms, plastic sanitary ware production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Sanitary Ware Exports

Exports from Singapore

In 2022, shipments 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. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, plastic sanitary ware exports shrank slightly to $X in 2022. Overall, exports continue to indicate a notable expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X units) was the main destination for plastic sanitary ware exports from Singapore, with a X% share of total exports. Moreover, plastic sanitary ware exports to Malaysia exceeded the volume sent to the second major destination, the United States (X units), sixfold. The third position in this ranking was taken by Indonesia (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Indonesia (X% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Indonesia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average plastic sanitary ware export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a abrupt slump. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to China ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Sanitary Ware Imports

Imports into Singapore

In 2022, purchases abroad of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a perceptible slump. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic sanitary ware imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest plastic sanitary ware supplier to Singapore, with a X% share of total imports. Moreover, plastic sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Malaysia (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: Germany (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware to Singapore, comprising X% of total imports. The second position in the ranking was taken by Germany ($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 rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

Import Prices by Country

The average plastic sanitary ware import price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price saw a mild descent. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :