South-Eastern Asia: Market for Plastic Baths, Shower-Baths, Sinks And Wash-Basins 2024

Market Size for Plastic Baths, Shower-Baths, Sinks And Wash-Basins in South-Eastern Asia

The Southeast Asian plastic bath or sink market rose remarkably to $X in 2022, increasing by 5.9% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Plastic Baths, Shower-Baths, Sinks And Wash-Basins in South-Eastern Asia

In value terms, plastic bath or sink production rose significantly to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Exports in South-Eastern Asia

In 2022, after two years of decline, there was growth in overseas shipments of plastic baths, shower-baths, sinks and wash-basins, when their volume increased by 3.7% to X units. Overall, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 195%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic bath or sink exports reached $X in 2022. Over the period under review, exports saw a resilient increase. The growth pace was the most rapid in 2017 with an increase of 76% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, the Philippines (X units) represented the key exporter of plastic baths, shower-baths, sinks and wash-basins, mixing up 46% of total exports. It was distantly followed by Thailand (X units), Vietnam (X units) and Malaysia (X units), together generating a 48% share of total exports. The following exporters - Indonesia (X units) and Singapore (X units) - together made up 6.4% of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic bath or sink exports from the Philippines stood at +7.4%. At the same time, Vietnam (+13.4%), Indonesia (+8.7%), Thailand (+7.9%) and Malaysia (+1.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +13.4% from 2012-2022. By contrast, Singapore (-4.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, the Philippines and Thailand increased by +7.2, +2.5 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) remains the largest plastic bath or sink supplier in South-Eastern Asia, comprising 49% of total exports. The second position in the ranking was taken by Thailand ($X), with a 23% share of total exports. It was followed by Vietnam, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in the Philippines totaled +13.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+6.8% per year) and Vietnam (+14.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, dropping by -2% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic bath or sink export price increased by +87.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 70%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Malaysia ($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 (+14.8%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Imports in South-Eastern Asia

In 2022, purchases abroad of plastic baths, shower-baths, sinks and wash-basins increased by 3.1% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plastic bath or sink imports rose remarkably to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Indonesia (X units) and Thailand (X units) represented the largest importers of plastic baths, shower-baths, sinks and wash-basins in 2022, recording near 35% and 24% of total imports, respectively. Vietnam (X units) held the next position in the ranking, followed by Malaysia (X units), Singapore (X units) and the Philippines (X units). All these countries together held approx. 37% share of total imports. Lao People's Democratic Republic (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +23.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic bath or sink importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Vietnam ($X), with a combined 71% share of total imports. Singapore, Malaysia, the Philippines and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 27%.

In terms of the main importing countries, Lao People's Democratic Republic, with a CAGR of +15.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, surging by 8.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 9.2%. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :