China: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

Market Size for Sanitary Ware And Parts Of Iron Or Steel in China

The Chinese market for sanitary ware and parts of iron or steel skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption, however, recorded a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Sanitary Ware And Parts Of Iron Or Steel in China

In value terms, iron or steel sanitary ware production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from China

For the sixth consecutive year, China recorded growth in shipments abroad of sanitary ware and parts of iron or steel, which increased by X% to X units in 2022. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, iron or steel sanitary ware exports expanded to $X in 2022. In general, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X units) was the main destination for iron or steel sanitary ware exports from China, accounting for a X% share of total exports. Moreover, iron or steel sanitary ware exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was taken by Vietnam (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Vietnam (X% per year).

In value terms, the United States ($X) remains the key foreign market for sanitary ware and parts of iron or steel exports from China, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Germany (X% per year).

Export Prices by Country

The average export price for sanitary ware and parts of iron or steel stood at $X per unit in 2022, remaining stable against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into China

In 2022, purchases abroad of sanitary ware and parts of iron or steel decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel sanitary ware imports reduced dramatically to $X in 2022. In general, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

Germany (X units), Taiwan (Chinese) (X units) and Italy (X units) were the main suppliers of iron or steel sanitary ware imports to China, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Italy ($X) appeared to be the largest iron or steel sanitary ware suppliers to China, with a combined X% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, saw 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

In 2022, the average import price for sanitary ware and parts of iron or steel amounted to $X per unit, declining by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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