Eastern Asia: Market for Plastic Baths, Shower-Baths, Sinks And Wash-Basins 2024

Market Size for Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Eastern Asia

The East Asian plastic bath or sink market rose to $X in 2023, increasing by X% against the previous year. The total consumption indicated a perceptible 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

Production of Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Eastern Asia

In value terms, plastic bath or sink production reached $X in 2023 estimated in export price. The total production indicated measured 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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

Exports in Eastern Asia

In 2023, shipments abroad of plastic baths, shower-baths, sinks and wash-basins decreased by X% to X units, falling for the second year in a row after five years of growth. Total exports indicated a noticeable expansion from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, plastic bath or sink exports fell to $X in 2023. In general, exports, however, saw a tangible increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from China (X units), together accounting for X% of total export.

China was also the fastest-growing in terms of the plastic baths, shower-baths, sinks and wash-basins exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest plastic bath or sink supplier in Eastern Asia.

From 2012 to 2023, the average annual growth rate of value in China stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, dropping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2022, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

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

Imports in Eastern Asia

In 2023, after two years of growth, there was decline in overseas purchases of plastic baths, shower-baths, sinks and wash-basins, when their volume decreased by X% to X units. Total imports indicated prominent growth from 2012 to 2023: its volume 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. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X units in 2022, and then reduced modestly in the following year.

In value terms, plastic bath or sink imports declined to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Japan represented the largest importing country with an import of about X units, which reached X% of total imports. It was distantly followed by South Korea (X units), China (X units) and Taiwan (Chinese) (X units), together constituting a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to plastic bath or sink imports into Japan stood at X%. At the same time, South Korea (X%), Taiwan (Chinese) (X%) and China (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of South Korea increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported plastic baths, shower-baths, sinks and wash-basins in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: China (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform