Hong Kong SAR, China: Plastic Sanitary Ware Market 2024

Plastic Sanitary Ware Market Size in Hong Kong SAR, China

The Hong Kong plastic sanitary ware market expanded to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Plastic Sanitary Ware Production in Hong Kong SAR, China

In value terms, plastic sanitary ware production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a measured increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Plastic Sanitary Ware Exports

Exports from Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware, which decreased by X% to X units in 2023. Over the period under review, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X units. From 2021 to 2023, the growth of the exports remained at a lower figure.

In value terms, plastic sanitary ware exports shrank to $X in 2023. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X units), Bangladesh (X units) and Brazil (X units) were the main destinations of plastic sanitary ware exports from Hong Kong SAR, with a combined X% share of total exports. China, the United States, the UK, Iran, Bulgaria, Venezuela, Georgia, Mozambique, Macao SAR and Norway lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Mozambique (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Venezuela ($X) were the largest markets for plastic sanitary ware exported from Hong Kong SAR worldwide, together accounting for X% of total exports.

Venezuela, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 sanitary ware export price amounted to $X per unit, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Plastic Sanitary Ware Imports

Imports into Hong Kong SAR, China

In 2023, supplies from abroad of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, plastic sanitary ware imports dropped to $X in 2023. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X units) constituted the largest plastic sanitary ware supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, plastic sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, 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: Germany (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the average plastic sanitary ware import price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2022 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, 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 more modest paces of growth.

Source: IndexBox Platform