Southern Asia: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Southern Asia

The South Asian market for sanitary ware and parts of iron or steel rose slightly to $X in 2021, growing by 1.6% against the previous year. The total consumption indicated prominent 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, consumption increased by +52.1% against 2015 indices. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Production of Sanitary Ware And Parts Of Iron Or Steel in Southern Asia

In value terms, iron or steel sanitary ware production reached $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.1% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports in Southern Asia

In 2021, shipments abroad of sanitary ware and parts of iron or steel was finally on the rise to reach X tons after five years of decline. Overall, exports, however, showed a noticeable slump. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron or steel sanitary ware exports soared to $X in 2021. In general, exports, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 46%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India prevails in exports structure, resulting at X tons, which was near 97% of total exports in 2021. Pakistan (X tons) took a minor share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of sanitary ware and parts of iron or steel. Pakistan (-26.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +18 percentage points.

In value terms, India ($X) remains the largest iron or steel sanitary ware supplier in Southern Asia, comprising 93% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India was relatively modest.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, dropping by -48.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 52% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.1%).

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports in Southern Asia

Iron or steel sanitary ware imports skyrocketed to X tons in 2021, increasing by 83% on 2020. Overall, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel sanitary ware imports soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.5% against 2019 indices. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) represented the major importer of sanitary ware and parts of iron or steel, mixing up 51% of total imports. Pakistan (X tons) held the second position in the ranking, distantly followed by Sri Lanka (X tons) and Bangladesh (X tons). All these countries together took near 40% share of total imports. The following importers - Maldives (X tons) and Nepal (X tons) - each resulted at an 8.6% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to iron or steel sanitary ware imports into India stood at +9.2%. At the same time, Pakistan (+25.1%), Bangladesh (+22.9%), Maldives (+11.3%), Nepal (+9.3%) and Sri Lanka (+5.4%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +25.1% from 2012-2021. Pakistan (+15 p.p.) and Bangladesh (+4.8 p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and India saw its share reduced by -5.1% and -5.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported sanitary ware and parts of iron or steel in Southern Asia, comprising 45% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 16% share of total imports. It was followed by Bangladesh, with a 13% share.

From 2012 to 2021, 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: Sri Lanka (+12.2% per year) and Bangladesh (+37.8% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, declining by -25.7% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2018 an increase of 12%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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