Copper Sanitary Ware Market

The copper sanitary ware market is expected to show steady growth from 2022 to 2030, with an anticipated CAGR of +1.1% in volume and +3.0% in value terms. China remains the largest consumer and producer, while the United States and India follow closely. Market trends show fluctuations in consumption, production, imports, and exports, with notable growth rates in some countries like Nigeria, Belgium, and Austria. The average import price of copper sanitary ware stood at $19,554 per ton in 2022, with differences among top importing countries. Exports have shown a relatively flat trend pattern, with China leading in export volume and value. Germany emerges as the fastest-growing exporter with a CAGR of +3.7% from 2012 to 2022. Average export prices increased by 7.3% in 2022, with Germany having the highest price per ton. Overall, the market is poised for steady growth in the coming years.

Market Forecast

Driven by increasing demand for sanitary ware and parts of copper worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.1% for the period from 2022 to 2030, which is projected to bring the market volume to 175K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market value to $3.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Sanitary Ware And Parts Of Copper

In 2022, consumption of sanitary ware and parts of copper decreased by -7.1% to 161K tons for the first time since 2018, thus ending a three-year rising trend. The total consumption volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak volume of 173K tons, and then fell in the following year.

The global copper sanitary ware market revenue declined to $2.5B in 2022, dropping by -7.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $2.8B, and then fell in the following year.

Consumption By Country

China (42K tons) remains the largest copper sanitary ware consuming country worldwide, comprising approx. 26% of total volume. Moreover, copper sanitary ware consumption in China exceeded the figures recorded by the second-largest consumer, India (17K tons), threefold. The United States (16K tons) ranked third in terms of total consumption with a 9.7% share.

In China, copper sanitary ware consumption increased at an average annual rate of +3.2% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+2.6% per year) and the United States (-0.3% per year).

In value terms, the largest copper sanitary ware markets worldwide were China ($601M), the United States ($440M) and India ($152M), with a combined 47% share of the global market. Mexico, Turkey, South Korea, Italy, Indonesia, the UK, Nigeria, Pakistan, Thailand and Ethiopia lagged somewhat behind, together comprising a further 23%.

Nigeria, with a CAGR of +7.7%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of copper sanitary ware per capita consumption in 2022 were Italy (74 kg per 1000 persons), the UK (61 kg per 1000 persons) and South Korea (57 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +5.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Sanitary Ware And Parts Of Copper

In 2022, production of sanitary ware and parts of copper decreased by -8.4% to 166K tons for the first time since 2018, thus ending a three-year rising trend. The total output volume increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by 15%. As a result, production attained the peak volume of 182K tons, and then fell in the following year.

In value terms, copper sanitary ware production dropped to $2.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 19%. As a result, production attained the peak level of $2.8B, and then contracted in the following year.

Production By Country

The country with the largest volume of copper sanitary ware production was China (68K tons), comprising approx. 41% of total volume. Moreover, copper sanitary ware production in China exceeded the figures recorded by the second-largest producer, India (19K tons), fourfold. The United States (12K tons) ranked third in terms of total production with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +2.2%. In the other countries, the average annual rates were as follows: India (+2.0% per year) and the United States (-0.0% per year).

Imports

World Imports of Sanitary Ware And Parts Of Copper

In 2022, overseas purchases of sanitary ware and parts of copper increased by 1.4% to 42K tons, rising for the second year in a row after six years of decline. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Global imports peaked at 42K tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, copper sanitary ware imports expanded modestly to $812M in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports By Country

The countries with the highest levels of copper sanitary ware imports in 2022 were the United States (4.3K tons), the UK (4K tons), Germany (3.4K tons), Australia (2.5K tons), Italy (1.8K tons), Austria (1.5K tons), Belgium (1.4K tons), India (1.3K tons), France (1.2K tons), Thailand (1.2K tons), the United Arab Emirates (1.1K tons) and the Netherlands (1.1K tons), together reaching 60% of total import. Denmark (779 tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +13.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($87M), Germany ($74M) and the UK ($63M) appeared to be the countries with the highest levels of imports in 2022, together comprising 28% of global imports. Australia, Austria, Italy, France, Denmark, the Netherlands, India, Belgium, the United Arab Emirates and Thailand lagged somewhat behind, together accounting for a further 37%.

In terms of the main importing countries, Australia, with a CAGR of +9.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average copper sanitary ware import price stood at $19,554 per ton in 2022, picking up by 2.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2017 an increase of 11%. Global import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Denmark ($36,907 per ton), while Thailand ($12,460 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Sanitary Ware And Parts Of Copper

After two years of growth, shipments abroad of sanitary ware and parts of copper decreased by -4.7% to 47K tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 38% against the previous year. The global exports peaked at 52K tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper sanitary ware exports amounted to $933M in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 33%. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports By Country

China was the major exporting country with an export of about 26K tons, which resulted at 56% of total exports. Taiwan (Chinese) (6.6K tons) ranks second in terms of the total exports with a 14% share, followed by India (7.6%), Thailand (4.8%) and Germany (4.8%).

China experienced a relatively flat trend pattern with regard to volume of exports of sanitary ware and parts of copper. At the same time, Germany (+3.7%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the world, with a CAGR of +3.7% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, India (-2.3%) and Taiwan (Chinese) (-4.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Germany increased by +7.6 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($442M) remains the largest copper sanitary ware supplier worldwide, comprising 47% of global exports. The second position in the ranking was held by Taiwan (Chinese) ($139M), with a 15% share of global exports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +3.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-0.7% per year) and Germany (+4.8% per year).

Export Prices By Country

In 2022, the average copper sanitary ware export price amounted to $19,904 per ton, with an increase of 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 39% against the previous year. As a result, the export price reached the peak level of $21,222 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($53,964 per ton), while India ($11,860 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform