Vietnam: Ceramic Sanitary Ware Market 2024

Ceramic Sanitary Ware Market Size in Vietnam

The Vietnamese ceramic sanitary ware market reduced slightly to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Ceramic Sanitary Ware Production in Vietnam

In value terms, ceramic sanitary ware production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 20%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Ceramic Sanitary Ware Exports

Exports from Vietnam

In 2022, the amount of ceramic sinks, baths, water closet pans and similar sanitary fixtures exported from Vietnam fell modestly to X units, with a decrease of -2.9% against 2021 figures. Over the period under review, exports showed a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 6.1% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ceramic sanitary ware exports totaled $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 1.8% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X units) was the main destination for ceramic sanitary ware exports from Vietnam, with a 8,555% share of total exports. Moreover, ceramic sanitary ware exports to Japan exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), twofold. The third position in this ranking was held by the United States (X units), with a 2,652% share.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+33.3% per year) and the United States (+39.2% per year).

In value terms, Japan ($X), the United States ($X) and Taiwan (Chinese) ($X) constituted the largest markets for ceramic sanitary ware exported from Vietnam worldwide.

In terms of the main countries of destination, Australia, with a CAGR of +82.5%, recorded 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 2022, the average ceramic sanitary ware export price amounted to $X per unit, rising by 3.4% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ceramic sanitary ware export price decreased by -3.4% against 2020 indices. The growth pace was the most rapid in 2020 when the average export price increased by 14% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Myanmar ($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 (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Sanitary Ware Imports

Imports into Vietnam

In 2022, the amount of ceramic sinks, baths, water closet pans and similar sanitary fixtures imported into Vietnam reduced to X units, with a decrease of -5.3% on the year before. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by 118% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, ceramic sanitary ware imports stood at $X in 2022. Overall, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2015 with an increase of 96%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of ceramic sanitary ware to Vietnam, with a 3,244% share of total imports. Moreover, ceramic sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), ninefold. The third position in this ranking was taken by Indonesia (X units), with a 63% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.4% per year) and Indonesia (+6.0% per year).

In value terms, China ($X) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures to Vietnam, comprising 3,642% of total imports. The second position in the ranking was held by Thailand ($X), with a 399% share of total imports. It was followed by Indonesia, with a 71% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.9% per year) and Indonesia (+14.6% per year).

Import Prices by Country

The average ceramic sanitary ware import price stood at $X per unit in 2022, growing by 10% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ceramic sanitary ware import price decreased by -9.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 47% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Indonesia ($X per unit), while the price for Japan ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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