Hong Kong SAR, China - Plastic Baths, Wash-Basins, Lavatory Pans And Covers And Similar Sanitary Ware - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong Sees 7% Decline in Plastic Sanitary Ware Imports, Dropping to $7.8 Million in 2023
Hong Kong Plastic Sanitary Ware Imports
In 2023, supplies from abroad of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware decreased by -10.7% to 984K units, falling for the second year in a row after three years of growth. Overall, imports showed a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 20%. As a result, imports attained the peak of 2M units. From 2017 to 2023, the growth of imports remained at a lower figure.
In value terms, plastic sanitary ware imports declined to $7.8M (IndexBox estimates) in 2023. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, imports reached the maximum at $16M in 2016; however, from 2017 to 2023, imports failed to regain momentum.
| COUNTRY | Import Value of Plastic Sanitary Ware in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 8.9 | 9.1 | 8.2 | 11.0 | 7.7 | 5.5 | 5.7 | 7.2 | 11.0 | 5.5 | 5.3 |
| Spain | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.6 | 0.6 | 0.5 |
| Germany | 2.0 | 1.1 | 0.9 | 0.7 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.6 | 0.4 |
| Netherlands | 0.2 | 0.5 | 0.4 | 0.4 | 0.2 | 0.2 | 0.3 | 0.4 | 0.3 | 0.2 | 0.3 |
| Italy | 0.4 | 0.3 | 0.4 | 0.5 | 0.3 | 0.4 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 |
| Thailand | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.3 | 0.3 |
| United Kingdom | 0.2 | 0.3 | 0.4 | 0.2 | 0.4 | 0.2 | 0.4 | 0.4 | 0.5 | 0.1 | 0.2 |
| United States | 0.5 | 0.8 | 0.6 | 0.6 | 0.4 | 0.2 | 0.1 | 0.1 | N/A | N/A | N/A |
| Others | 2.2 | 1.8 | 1.8 | 1.8 | 1.4 | 1.5 | 1.0 | 0.8 | 0.7 | 0.7 | 0.5 |
| Total | 14.7 | 14.1 | 12.8 | 15.6 | 11.0 | 8.7 | 8.9 | 10.0 | 13.9 | 8.4 | 7.8 |
Imports by Country
In 2023, China (687K units) constituted the largest supplier of plastic sanitary ware to Hong Kong, with a 70% share of total imports. Moreover, plastic sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Spain (86K units), eightfold. Thailand (49K units) ranked third in terms of total imports with a 5% share.
From 2013 to 2023, the average annual growth rate of volume from China stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+22.3% per year) and Thailand (+9.2% per year).
In value terms, China ($5.3M) constituted the largest supplier of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware to Hong Kong, comprising 68% of total imports. The second position in the ranking was taken by Spain ($519K), with a 6.6% share of total imports. It was followed by Germany, with a 4.8% share.
From 2013 to 2023, the average annual growth rate of value from China totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+16.4% per year) and Germany (-15.6% per year).
Imports by Type
In 2023, plastic lavatory seats and covers (791K units) constituted the largest type of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware supplied to Hong Kong, accounting for a 80% share of total imports. Moreover, plastic lavatory seats and covers exceeded the figures recorded for the second-largest type, plastics bidets, lavatory pans and flushing cisterns (184K units), fourfold.
From 2013 to 2023, the average annual rate of growth in terms of the volume of plastic lavatory seats and covers imports amounted to -2.3%. With regard to the other supplied products, the following average annual rates of growth were recorded: plastics bidets, lavatory pans and flushing cisterns (-12.7% per year) and plastic baths, shower-baths, sinks and wash-basins (-2.4% per year).
In value terms, plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware with the largest imports in Hong Kong were plastic lavatory seats and covers ($4.2M), plastics bidets, lavatory pans and flushing cisterns ($2.4M) and plastic baths, shower-baths, sinks and wash-basins ($1.2M).
Import Prices by Country
In 2023, the plastic sanitary ware price stood at $7.9 per unit (CIF, Hong Kong), surging by 3.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 23%. As a result, import price attained the peak level of $8.7 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 UK ($19 per unit), while the price for Thailand ($5.9 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the UK (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the plastic sanitary ware market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22231250 - Plastic baths, shower-baths, sinks and wash-basins
- Prodcom 22231270 - Plastic lavatory seats and covers
- Prodcom 22231290 - Plastic bidets, lavatory pans, flushing cisterns and similar sanitary ware (excluding baths, showers-baths, sinks and wash-basins, lavatory seats and covers)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
