Vietnam: Plastic Lavatory Seat Market 2024

Plastic Lavatory Seat Market Size in Vietnam

The Vietnamese plastic lavatory seat market was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.3% against 2018 indices. Plastic lavatory seat consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Plastic Lavatory Seat Production in Vietnam

In value terms, plastic lavatory seat production amounted to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Plastic lavatory seat production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Plastic Lavatory Seat Exports

Exports from Vietnam

In 2021, after two years of decline, there was significant growth in shipments abroad of plastic lavatory seats and covers, when their volume increased by 84% to X units. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 128%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, plastic lavatory seat exports skyrocketed to $X in 2021. Overall, exports saw a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 99% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for plastic lavatory seat exports from Vietnam, with a 43% share of total exports. Moreover, plastic lavatory seat exports to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), threefold. India (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +85.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+21.7% per year) and India (+38.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for plastic lavatory seats and covers exports from Vietnam, comprising 42% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 15% share of total exports. It was followed by India, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +87.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+31.7% per year) and India (+40.6% per year).

Export Prices by Country

The average plastic lavatory seat export price stood at $X per unit in 2021, surging by 3.5% against the previous year. Overall, the export price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by 12%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Lavatory Seat Imports

Imports into Vietnam

In 2021, approx. X units of plastic lavatory seats and covers were imported into Vietnam; declining by -2.1% against the previous year. Overall, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 68%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, plastic lavatory seat imports amounted to $X in 2021. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 79% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest plastic lavatory seat supplier to Vietnam, accounting for a 83% share of total imports. Moreover, plastic lavatory seat imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. The third position in this ranking was held by Malaysia (X units), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+17.7% per year) and Malaysia (-5.3% per year).

In value terms, China ($X) constituted the largest supplier of plastic lavatory seats and covers to Vietnam, comprising 82% of total imports. The second position in the ranking was held by South Korea ($X), with a 5.3% share of total imports. It was followed by Malaysia, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+21.6% per year) and Malaysia (-4.8% per year).

Import Prices by Country

In 2021, the average plastic lavatory seat import price amounted to $X per unit, rising by 6.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2020 when the average import price increased by 11%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Malaysia ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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