Vietnam: Copper Sanitary Ware Market 2024

Copper Sanitary Ware Market Size in Vietnam

The Vietnamese copper sanitary ware market amounted to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Copper sanitary ware consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Copper Sanitary Ware Production in Vietnam

In value terms, copper sanitary ware production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Copper sanitary ware production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Copper Sanitary Ware Exports

Exports from Vietnam

Copper sanitary ware exports from Vietnam soared to X tons in 2022, surging by X% compared with 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, copper sanitary ware exports skyrocketed to $X in 2022. Over the period under review, exports showed a tangible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for copper sanitary ware exports from Vietnam, accounting for a X% share of total exports. Moreover, copper sanitary ware exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and China (X% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for sanitary ware and parts of copper exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and China (X% per year).

Export Prices by Country

The average copper sanitary ware export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price recorded a temperate increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and the Philippines ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Sanitary Ware Imports

Imports into Vietnam

In 2022, overseas purchases of sanitary ware and parts of copper increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, copper sanitary ware imports skyrocketed to $X in 2022. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest copper sanitary ware supplier to Vietnam, with a X% share of total imports. Moreover, copper sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of sanitary ware and parts of copper to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

The average copper sanitary ware import price stood at $X per ton in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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