Hong Kong SAR, China: Ceramic Sanitary Ware Market 2024

Ceramic Sanitary Ware Market Size in Hong Kong SAR, China

In 2022, the Hong Kong ceramic sanitary ware market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a abrupt downturn. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Ceramic Sanitary Ware Production in Hong Kong SAR, China

In value terms, ceramic sanitary ware production totaled $X in 2022 estimated in export price. In general, production recorded a noticeable slump. The most prominent rate of growth was recorded in 2015 with a decrease of X%. Ceramic sanitary ware production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Ceramic Sanitary Ware Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of ceramic sinks, baths, water closet pans and similar sanitary fixtures were finally on the rise to reach X units after two years of decline. Overall, exports, however, showed a sharp curtailment. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, ceramic sanitary ware exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a precipitous setback. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Macao SAR (X units) and Taiwan (Chinese) (X units) were the main destinations of ceramic sanitary ware exports from Hong Kong SAR.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic sanitary ware exported from Hong Kong SAR were China ($X), Macao SAR ($X) and Taiwan (Chinese) ($X).

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ceramic sanitary ware export price amounted to $X per unit, approximately equating the previous year. In general, the export price, however, showed significant growth. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to the United Arab Emirates ($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 Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Sanitary Ware Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of ceramic sinks, baths, water closet pans and similar sanitary fixtures decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, ceramic sanitary ware imports fell markedly to $X in 2022. Over the period under review, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Thailand (X units) and Spain (X units) were the main suppliers of ceramic sanitary ware imports to Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest ceramic sanitary ware suppliers to Hong Kong SAR were China ($X), Thailand ($X) and Spain ($X).

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ceramic sanitary ware import price stood at $X per unit in 2022, remaining stable against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then shrank slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per unit) and Indonesia ($X per unit), while the price for Turkey ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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