Hong Kong SAR, China: Market for Plastic Baths, Shower-Baths, Sinks And Wash-Basins 2024

Market Size for Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Hong Kong SAR, China

The Hong Kong plastic bath or sink market shrank to $X in 2023, waning by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Plastic bath or sink consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Production of Plastic Baths, Shower-Baths, Sinks And Wash-Basins in Hong Kong SAR, China

In value terms, plastic bath or sink production declined to $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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

Exports from Hong Kong SAR, China

In 2023, overseas shipments of plastic baths, shower-baths, sinks and wash-basins increased by X% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X units in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, plastic bath or sink exports skyrocketed to $X in 2023. Over the period under review, exports, however, showed a slight setback. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

China (X units), the United States (X units) and Canada (X units) were the main destinations of plastic bath or sink exports from Hong Kong SAR, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic bath or sink exported from Hong Kong SAR were China ($X), the United States ($X) and Canada ($X), with a combined X% share of total exports.

Among the main countries of destination, Canada, with a CAGR of X%, recorded the highest growth rate of 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 2023, the average plastic bath or sink export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Japan ($X per unit), while the average price for exports to the UK ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Hong Kong SAR, China

In 2023, purchases abroad of plastic baths, shower-baths, sinks and wash-basins was finally on the rise to reach X units after three years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, plastic bath or sink imports soared to $X in 2023. Overall, total imports indicated a mild 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, imports decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X units) constituted the largest plastic bath or sink supplier to Hong Kong SAR, with a X% share of total imports. Moreover, plastic bath or sink imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was held by the UK (X units), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of plastic baths, shower-baths, sinks and wash-basins to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by the UK, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the UK (X% per year).

Import Prices by Country

The average plastic bath or sink import price stood at $X per unit in 2023, almost unchanged from the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per unit in 2022, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were the Netherlands ($X per unit) and Italy ($X per unit), while the price for South Korea ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform