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Hong Kong SAR, China - Ceramic Sinks, Baths, Water Closet Pans And Similar Sanitary Fixtures - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: May 12, 2023
Ceramic Sanitary Ware Price in Hong Kong Skyrocket to $59.0 per Unit
Hong Kong Ceramic Sanitary Ware Import Price in January 2023
In January 2023, the ceramic sanitary ware price amounted to $59.0 per unit (CIF, Hong Kong), picking up by 47% against the previous month. In general, the import price, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in July 2022 an increase of 52% against the previous month. The import price peaked at $81.6 per unit in February 2022; however, from March 2022 to January 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($173 per unit), while the price for Turkey ($31.7 per unit) was amongst the lowest.
From February 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
| COUNTRY | Import Price of Ceramic Sanitary Ware in Hong Kong (USD per unit) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | |
| Netherlands | 169 | 111 | N/A | 106 | 223 | 104 | 110 | 107 | 42.4 | 74.3 | 141 | 173 |
| Italy | 45.4 | 31.1 | 157 | 94.2 | 301 | 164 | 47.2 | 184 | 52.3 | 110 | 362 | 92.1 |
| Spain | 105 | 107 | 93.1 | 98.3 | 93.6 | 93.5 | 99.5 | 115 | 86.9 | 91.8 | 91.1 | 87.8 |
| Thailand | 97.7 | 98.6 | 71.9 | 81.0 | 81.8 | 64.7 | 86.8 | 65.4 | 93.3 | 70.4 | 56.1 | 53.5 |
| Indonesia | 73.5 | 52.3 | 52.9 | 59.0 | 52.0 | 53.2 | 65.4 | 56.4 | 76.1 | 62.8 | 58.2 | 51.3 |
| China | 59.3 | 37.8 | 28.1 | 28.3 | 20.6 | 36.4 | 30.1 | 32.5 | 38.2 | 30.2 | 29.2 | 48.9 |
| Turkey | 42.0 | N/A | 240 | 80.5 | 48.3 | 75.2 | N/A | 88.9 | N/A | 44.1 | 22.6 | 31.7 |
| Average | 81.6 | 58.2 | 47.2 | 43.6 | 31.9 | 48.4 | 40.0 | 43.2 | 48.1 | 41.7 | 40.2 | 59.0 |
Hong Kong Ceramic Sanitary Ware Import Prices by Type
Average prices varied noticeably amongst the major supplied products. In January 2023, the product with the highest price was ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china ($66.7 per unit), while the price for ceramic sinks, baths, water closet pans and similar sanitary fixtures other than of porcelain or china totaled $55.2 per unit.
From February 2022 to January 2023, the most notable rate of growth in terms of prices was attained by ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china (-1.7%).
Hong Kong Ceramic Sanitary Ware Imports
After two months of growth, supplies from abroad of ceramic sinks, baths, water closet pans and similar sanitary fixtures decreased by -26.8% to 58K units in January 2023. In general, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in April 2022 when imports increased by 103% m-o-m. Over the period under review, imports hit record highs at 95K units in June 2022; however, from July 2022 to January 2023, imports stood at a somewhat lower figure.
In value terms, ceramic sanitary ware imports rose significantly to $3.4M (IndexBox estimates) in January 2023. Overall, total imports indicated prominent growth from February 2022 to January 2023: its value increased at an average monthly rate of +5.3% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, imports increased by +14.1% against October 2022 indices. The growth pace was the most rapid in April 2022 when imports increased by 65% month-to-month. As a result, imports attained the peak of $4.3M. From May 2022 to January 2023, the growth of imports remained at a lower figure.
Hong Kong Ceramic Sanitary Ware Imports by Type
In January 2023, ceramic sinks, baths, water closet pans and similar sanitary fixtures other than of porcelain or china (39K units) constituted the largest type of ceramic sanitary ware supplied to Hong Kong, accounting for a 67% share of total imports. Moreover, ceramic sinks, baths, water closet pans and similar sanitary fixtures other than of porcelain or china exceeded the figures recorded for the second-largest type, ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china (19K units), twofold.
From February 2022 to January 2023, the average monthly rate of growth in terms of the volume of import of ceramic sinks, baths, water closet pans and similar sanitary fixtures other than of porcelain or china stood at +15.8%.
In value terms, the most traded types of ceramic sinks, baths, water closet pans and similar sanitary fixtures in Hong Kong were ceramic sinks, baths, water closet pans and similar sanitary fixtures other than of porcelain or china ($2.2M) and ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china ($1.3M).
Hong Kong Ceramic Sanitary Ware Imports by Country
In January 2023, China (43K units) constituted the largest ceramic sanitary ware supplier to Hong Kong, with a 73% share of total imports. Moreover, ceramic sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Thailand (4.9K units), ninefold. Indonesia (2.3K units) ranked third in terms of total imports with a 3.9% share.
From February 2022 to January 2023, the average monthly rate of growth in terms of volume from China totaled +18.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Thailand (+3.6% per month) and Indonesia (+5.7% per month).
In value terms, China ($2.1M) constituted the largest supplier of ceramic sanitary ware to Hong Kong, comprising 61% of total imports. The second position in the ranking was held by the Netherlands ($268K), with a 7.8% share of total imports. It was followed by Thailand, with a 7.7% share.
From February 2022 to January 2023, the average monthly growth rate of value from China stood at +15.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: the Netherlands (+18.1% per month) and Thailand (-1.9% per month).
This report provides an in-depth analysis of the ceramic sanitary ware market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 23421030 - Ceramic sinks, etc. and other sanitary fixtures, of porcelain or china
• Prodcom 23421050 - Ceramic sinks, wash basins, baths... and other sanitary fixtures, n.e.c.
Country coverage:
• Hong Kong SAR
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hong Kong SAR, China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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