Thailand: Market for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China 2024

Market Size for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China in Thailand

The Thai market for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china shrank to $X in 2022, almost unchanged from the previous year. Overall, consumption, however, enjoyed a strong increase. As a result, consumption attained the peak level of $X, leveling off in the following year.

Production of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China in Thailand

In value terms, production of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china contracted modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Production of peaked at $X in 2021, and then contracted in the following year.

Exports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Exports from Thailand

In 2022, approx. X units of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china were exported from Thailand; which is down by -21.2% compared with the year before. Over the period under review, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 35%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china reduced rapidly to $X in 2022. Overall, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2018 when exports increased by 36%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), China (X units) and Germany (X units) were the main destinations of exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from Thailand, with a combined 80% share of total exports. Myanmar, Hong Kong SAR, Australia and the Philippines lagged somewhat behind, together comprising a further 7.9%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of -16.6%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china exports from Thailand, comprising 55% of total exports. The second position in the ranking was held by China ($X), with a 22% share of total exports. It was followed by Germany, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-21.0% per year) and Germany (-29.0% per year).

Export Prices by Country

In 2022, the average export price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china amounted to $X per unit, approximately reflecting the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 16%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Myanmar ($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 Australia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Imports into Thailand

In 2022, supplies from abroad of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china decreased by -2.3% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 293%. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china totaled $X in 2022. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china supplier to Thailand, with a 90% share of total imports. Moreover, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+44.4% per year) and Japan (+14.2% per year).

In value terms, China ($X) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to Thailand, comprising 90% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 6.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+32.6% per year) and Japan (+4.8% per year).

Import Prices by Country

In 2022, the average import price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china amounted to $X per unit, with an increase of 9.2% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 13%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform