ASEAN: Plastic Sanitary Ware Market 2023

Plastic Sanitary Ware Market Size in ASEAN

The ASEAN plastic sanitary ware market dropped to $X in 2021, falling by -6.1% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Plastic Sanitary Ware Production in ASEAN

In value terms, plastic sanitary ware production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Plastic Sanitary Ware Exports

Exports in ASEAN

In 2021, approx. X tons of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware were exported in ASEAN; with an increase of 16% against the previous year's figure. In general, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, plastic sanitary ware exports skyrocketed to $X in 2021. Overall, exports saw a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 27%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Malaysia represented the major exporting country with an export of around X tons, which accounted for 43% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 24% share, followed by Thailand (18%) and the Philippines (11%). The following exporters - Indonesia (X tons) and Singapore (X tons) - each recorded a 4.2% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +22.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest plastic sanitary ware supplying countries in ASEAN were Malaysia ($X), Vietnam ($X) and the Philippines ($X), together comprising 83% of total exports.

Vietnam, with a CAGR of +25.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, picking up by 6.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2015 when the export price increased by 11%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+7.5%), while the other leaders experienced more modest paces of growth.

Plastic Sanitary Ware Imports

Imports in ASEAN

In 2021, approx. X tons of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware were imported in ASEAN; rising by 23% on 2020. In general, imports, however, saw a slight decrease. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, plastic sanitary ware imports surged to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons) and Indonesia (X tons) represented roughly 57% of total imports in 2021. Vietnam (X tons) held the next position in the ranking, followed by Malaysia (X tons), the Philippines (X tons) and Singapore (X tons). All these countries together took near 40% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +9.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic sanitary ware importing markets in ASEAN were Thailand ($X), Vietnam ($X) and Indonesia ($X), with a combined 73% share of total imports.

Vietnam, with a CAGR of +8.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, picking up by 3.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.8%. The growth pace was the most rapid in 2013 an increase of 20%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+23.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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