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

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

The South Asian plastic bath or sink market rose modestly to $X in 2022, surging by 3.4% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

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

In value terms, plastic bath or sink production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 17%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

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

Exports in Southern Asia

Plastic bath or sink exports declined slightly to X units in 2022, shrinking by -4.1% against the previous year. Total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 69%. The volume of export peaked at X units in 2021, and then shrank in the following year.

In value terms, plastic bath or sink exports declined slightly to $X in 2022. Overall, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2017 with an increase of 68%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced modestly in the following year.

Exports by Country

India dominates exports structure, amounting to X units, which was approx. 95% of total exports in 2022. It was distantly followed by Pakistan (X units), creating a 5.1% share of total exports.

India was also the fastest-growing in terms of the plastic baths, shower-baths, sinks and wash-basins exports, with a CAGR of +4.8% from 2012 to 2022. Pakistan (-13.6%) illustrated a downward trend over the same period. India (+22 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -21.7% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest plastic bath or sink supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India stood at +9.3%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +5.7%. The pace of growth was the most pronounced in 2014 an increase of 25%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Pakistan amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%).

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

Imports in Southern Asia

In 2022, the amount of plastic baths, shower-baths, sinks and wash-basins imported in Southern Asia fell to X units, reducing by -14.5% compared with the previous year. Over the period under review, imports showed a slight descent. The most prominent rate of growth was recorded in 2017 when imports increased by 50% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, plastic bath or sink imports stood at $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +53.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

India (X units) and Pakistan (X units) were the key importers of plastic baths, shower-baths, sinks and wash-basins in 2022, resulting at approx. 38% and 29% of total imports, respectively. Maldives (X units) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (7%) and Nepal (6.9%). The following importers - Bhutan (X units) and Afghanistan (X units) - each accounted for a 3.4% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of +25.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported plastic baths, shower-baths, sinks and wash-basins in Southern Asia, comprising 58% of total imports. The second position in the ranking was held by Pakistan ($X), with a 14% share of total imports. It was followed by Maldives, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +1.5%. In the other countries, the average annual rates were as follows: Pakistan (+18.6% per year) and Maldives (+25.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, growing by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The growth pace was the most rapid in 2013 an increase of 26%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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