Plastic Bath Or Sink Market

The global market for plastic baths, shower-baths, sinks, and wash-basins is forecasted to see growth in both volume and value terms, with a projected CAGR of +2.2% and +4.2%, respectively, from 2022 to 2030. Countries like China, the United States, and Russia lead in both consumption and production of these products. The market saw a decline in 2022 but is expected to pick up in the coming years, with trends showing fluctuations but overall growth in consumption and production.

Market Forecast

Driven by increasing demand for plastic baths, shower-baths, sinks and wash-basins worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market volume to 200M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $22.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Global plastic bath or sink consumption reduced to 168M units in 2022, waning by -7.1% compared with the previous year. The total consumption volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak volume of 181M units, and then shrank in the following year.

The global plastic bath or sink market size dropped to $16.1B in 2022, with a decrease of -5.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $17.1B, and then fell in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Russia (49M units), China (31M units) and the United States (13M units), with a combined 55% share of global consumption. India, Pakistan, Brazil, the UK, Poland, Mexico, Germany and France lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Pakistan (with a CAGR of +9.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($3.8B), China ($3.1B) and India ($1.4B) constituted the countries with the highest levels of market value in 2022, with a combined 52% share of the global market. The United States, Brazil, Germany, Pakistan, Mexico, France, Poland and the UK lagged somewhat behind, together comprising a further 20%.

Pakistan, with a CAGR of +10.7%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of plastic bath or sink per capita consumption was registered in Russia (340 units per 1000 persons), followed by Poland (86 units per 1000 persons), the UK (59 units per 1000 persons) and France (42 units per 1000 persons), while the world average per capita consumption of plastic bath or sink was estimated at 21 units per 1000 persons.

In Russia, plastic bath or sink per capita consumption decreased by an average annual rate of -2.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+7.7% per year) and the UK (+1.5% per year).

Production

World Production of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

In 2022, approx. 161M units of plastic baths, shower-baths, sinks and wash-basins were produced worldwide; shrinking by -8.9% on the previous year's figure. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 10%. As a result, production attained the peak volume of 177M units, and then reduced in the following year.

In value terms, plastic bath or sink production contracted to $16.3B in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Over the period under review, global production reached the maximum level at $18B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were Russia (49M units), China (37M units) and India (11M units), together accounting for 60% of global production. Pakistan, the United States, Brazil, Poland, Mexico, the UK and Egypt lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Pakistan (with a CAGR of +9.1%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

For the seventh consecutive year, the global market recorded growth in overseas purchases of plastic baths, shower-baths, sinks and wash-basins, which increased by 13% to 26M units in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, plastic bath or sink imports shrank modestly to $2.3B in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.5% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $2.4B, and then declined modestly in the following year.

Imports By Country

The United States represented the major importer of plastic baths, shower-baths, sinks and wash-basins in the world, with the volume of imports amounting to 9.5M units, which was approx. 37% of total imports in 2022. France (2.5M units) took a 9.8% share (based on physical terms) of total imports, which put it in second place, followed by Germany (5.5%). The UK (1,076K units), Italy (855K units), Canada (729K units), Belgium (718K units), Poland (644K units), the Netherlands (626K units), Japan (596K units), Spain (580K units) and Australia (515K units) held a relatively small share of total imports.

The United States was also the fastest-growing in terms of the plastic baths, shower-baths, sinks and wash-basins imports, with a CAGR of +28.9% from 2012 to 2022. At the same time, France (+9.8%), Poland (+9.1%), the Netherlands (+8.1%), Spain (+7.2%), Italy (+6.2%), the UK (+5.7%), Japan (+5.0%), Canada (+4.8%), Australia (+2.5%), Germany (+1.6%) and Belgium (+1.6%) displayed positive paces of growth. From 2012 to 2022, the share of the United States and France increased by +31 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic bath or sink importing markets worldwide were the United States ($351M), France ($249M) and Germany ($195M), with a combined 35% share of global imports.

Among the main importing countries, the United States, with a CAGR of +14.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average plastic bath or sink import price stood at $88 per unit in 2022, with a decrease of -14.6% against the previous year. Overall, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 an increase of 9.9% against the previous year. As a result, import price reached the peak level of $110 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($170 per unit), while the United States ($37 per unit) was amongst the lowest.

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

Exports

World Exports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

In 2022, shipments abroad of plastic baths, shower-baths, sinks and wash-basins increased by 0.7% to 19M units, rising for the sixth year in a row after four years of decline. In general, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.0% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 27%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic bath or sink exports fell slightly to $2.3B in 2022. Overall, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.9% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 32%. As a result, the exports attained the peak of $2.3B, and then reduced modestly in the following year.

Exports By Country

In 2022, China (5.9M units) represented the key exporter of plastic baths, shower-baths, sinks and wash-basins, comprising 31% of total exports. Spain (2.4M units) took the second position in the ranking, followed by the United States (1.7M units) and Poland (1.3M units). All these countries together held near 29% share of total exports. Canada (714K units), Italy (613K units), Egypt (549K units), the Netherlands (479K units), Turkey (469K units), Mexico (460K units), Germany (458K units), Slovakia (404K units) and Belgium (403K units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic bath or sink exports from China stood at +2.6%. At the same time, Slovakia (+37.2%), Spain (+26.5%), the United States (+14.2%), Mexico (+12.2%), Poland (+7.9%), Canada (+7.6%), Italy (+5.9%), the Netherlands (+4.1%) and Turkey (+2.6%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the world, with a CAGR of +37.2% from 2012-2022. Germany and Belgium experienced a relatively flat trend pattern. By contrast, Egypt (-6.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain, the United States, Slovakia and Poland increased by +11, +5.1, +2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($748M) remains the largest plastic bath or sink supplier worldwide, comprising 33% of global exports. The second position in the ranking was taken by Spain ($200M), with an 8.9% share of global exports. It was followed by Poland, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +5.6%. In the other countries, the average annual rates were as follows: Spain (+19.3% per year) and Poland (+9.6% per year).

Export Prices By Country

In 2022, the average plastic bath or sink export price amounted to $119 per unit, shrinking by -3.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 7.2% against the previous year. The global export price peaked at $125 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($261 per unit), while the United States ($39 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform