China: Plastic Sanitary Ware Market 2024

Plastic Sanitary Ware Market Size in China

The Chinese plastic sanitary ware market rose slightly to $X in 2023, picking up by X% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Plastic Sanitary Ware Production in China

In value terms, plastic sanitary ware production expanded to $X in 2023 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Plastic sanitary ware production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Plastic Sanitary Ware Exports

Exports from China

In 2023, plastic sanitary ware exports from China totaled X units, picking up by X% compared with 2022 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, plastic sanitary ware exports expanded modestly to $X in 2023. In general, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2023.

Exports by Country

The United States (X units), the UK (X units) and Germany (X units) were the main destinations of plastic sanitary ware exports from China, with a combined X% share of total exports. Mexico, the Netherlands, Australia, Thailand, France, India, Russia, Poland, Italy and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware exports from China, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Australia (X% per year).

Export Prices by Country

The average plastic sanitary ware export price stood at $X per unit in 2023, approximately mirroring the previous year. Over the period under review, export price indicated measured growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic sanitary ware export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Sanitary Ware Imports

Imports into China

Plastic sanitary ware imports into China contracted markedly to X units in 2023, with a decrease of X% against the year before. In general, imports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, plastic sanitary ware imports fell to $X in 2023. Overall, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Japan (X units) and Denmark (X units) were the main suppliers of plastic sanitary ware imports to China, with a combined X% share of total imports. The Netherlands, Taiwan (Chinese), Finland, Vietnam, Austria, Spain, the United States, South Korea, Italy and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Japan ($X) constituted the largest plastic sanitary ware suppliers to China, with a combined X% share of total imports. Italy, Taiwan (Chinese), Denmark, Vietnam, the United States, Finland, South Korea, Austria, Spain and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic sanitary ware import price stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform