Vietnam: Market for Plastics Bidets, Lavatory Pans and Flushing Cisterns 2024

Market Size for Plastics Bidets, Lavatory Pans and Flushing Cisterns in Vietnam

For the third consecutive year, the Vietnamese market for plastics bidets, lavatory pans and flushing cisterns recorded decline in sales value, which decreased by -7.1% to $X in 2021. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Plastics Bidets, Lavatory Pans and Flushing Cisterns in Vietnam

In value terms, production of plastics bidets, lavatory pans and flushing cisterns amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Plastics Bidets, Lavatory Pans and Flushing Cisterns

Exports from Vietnam

In 2021, the amount of plastics bidets, lavatory pans and flushing cisterns exported from Vietnam soared to X units, increasing by 76% on the previous year's figure. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 310% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of plastics bidets, lavatory pans and flushing cisterns surged to $X in 2021. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 394%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Japan (X units) and the Netherlands (X units) were the main destinations of exports of plastics bidets, lavatory pans and flushing cisterns from Vietnam, together accounting for 57% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +137.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and the Netherlands ($X) constituted the largest markets for plastics bidets, lavatory pans and flushing cisterns exported from Vietnam worldwide, with a combined 58% share of total exports.

The Netherlands, with a CAGR of +134.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastics bidets, lavatory pans and flushing cisterns stood at $X per unit in 2021, which is down by -4.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2015 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Japan ($X per unit), while the average price for exports to the UK ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Bidets, Lavatory Pans and Flushing Cisterns

Imports into Vietnam

In 2021, after three years of decline, there was significant growth in overseas purchases of plastics bidets, lavatory pans and flushing cisterns, when their volume increased by 21% to X units. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 62%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of plastics bidets, lavatory pans and flushing cisterns soared to $X in 2021. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 92%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of plastics bidets, lavatory pans and flushing cisterns to Vietnam, accounting for a 58% share of total imports. Moreover, imports of plastics bidets, lavatory pans and flushing cisterns from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. The third position in this ranking was held by Japan (X units), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-0.2% per year) and Japan (-14.1% per year).

In value terms, China ($X) constituted the largest supplier of plastics bidets, lavatory pans and flushing cisterns to Vietnam, comprising 58% of total imports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total imports. It was followed by Japan, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-2.4% per year) and Japan (-12.8% per year).

Import Prices by Country

In 2021, the average import price for plastics bidets, lavatory pans and flushing cisterns amounted to $X per unit, picking up by 2.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 18%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for Malaysia ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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