South-Eastern Asia: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

Market Size for Sanitary Ware And Parts Of Iron Or Steel in South-Eastern Asia

The Southeast Asian market for sanitary ware and parts of iron or steel rose rapidly to $X in 2021, picking up by 13% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.4% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Sanitary Ware And Parts Of Iron Or Steel in South-Eastern Asia

In value terms, iron or steel sanitary ware production rose significantly to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.7% against 2017 indices. The pace of growth was the most pronounced in 2016 with an increase of 47% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports in South-Eastern Asia

Iron or steel sanitary ware exports soared to X tons in 2021, picking up by 34% against the previous year's figure. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 47% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel sanitary ware exports surged to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 54% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand was the main exporting country with an export of around X tons, which resulted at 41% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Vietnam (X tons) and Singapore (X tons). All these countries together held near 51% share of total exports. Myanmar (X tons), Indonesia (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Myanmar (with a CAGR of +24.6%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2021, with a combined 81% share of total exports. Malaysia, Myanmar, the Philippines and Indonesia lagged somewhat behind, together comprising a further 19%.

Among the main exporting countries, the Philippines, with a CAGR of +38.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+35.5%), while the other leaders experienced more modest paces of growth.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports in South-Eastern Asia

In 2021, overseas purchases of sanitary ware and parts of iron or steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, iron or steel sanitary ware imports soared to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 60% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

Thailand (X tons) and Indonesia (X tons) represented roughly 55% of total imports in 2021. Singapore (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (11%), Malaysia (11%) and the Philippines (7.9%).

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +16.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 66% share of total imports.

Among the main importing countries, Thailand, with a CAGR of +15.8%, 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 2021, the import price in South-Eastern Asia amounted to $X per ton, rising by 6.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.2%. The most prominent rate of growth was recorded in 2013 an increase of 37% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+19.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :