Vietnam: Plastic Sanitary Ware Market 2024

Plastic Sanitary Ware Market Size in Vietnam

The Vietnamese plastic sanitary ware market expanded markedly to $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Plastic sanitary ware consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Plastic Sanitary Ware Production in Vietnam

In value terms, plastic sanitary ware production stood at $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Plastic sanitary ware production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plastic Sanitary Ware Exports

Exports from Vietnam

Plastic sanitary ware exports from Vietnam shrank sharply to X units in 2022, dropping by X% compared with 2021. In general, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2021, and then shrank significantly in the following year.

In value terms, plastic sanitary ware exports fell sharply to $X in 2022. Overall, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

The United Arab Emirates (X units) and Myanmar (X units) were the main destinations of plastic sanitary ware exports from Vietnam.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%).

In value terms, the United Arab Emirates ($X) and Myanmar ($X) were the largest markets for plastic sanitary ware exported from Vietnam worldwide.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average plastic sanitary ware export price amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while the average price for exports to the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Sanitary Ware Imports

Imports into Vietnam

In 2022, approx. X units of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware were imported into Vietnam; which is down by X% compared with the previous year's figure. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic sanitary ware imports shrank to $X in 2022. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main plastic sanitary ware supplier to Vietnam, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware to Vietnam.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at X%.

Import Prices by Country

The average plastic sanitary ware import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then dropped modestly in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to X% per year.

Source: IndexBox Platform

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