Price for Sanitary Ware and Parts Thereof, of Iron or Steel in China - 2024
Contents:
- Price for Sanitary Ware and Parts Thereof, of Iron or Steel in China (FOB) - 2024
- Price for Sanitary Ware and Parts Thereof, of Iron or Steel in China (CIF) - 2024
- Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in China
- Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in China
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in China (FOB) - 2024
The average export price for sanitary ware and parts thereof, of iron or steel stood at $147 per unit in April 2024, falling by -6.9% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 an increase of 11% m-o-m. As a result, the export price reached the peak level of $160 per unit. From January 2024 to April 2024, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($337 per unit), while the average price for exports to Russia ($82.5 per unit) was amongst the lowest.
From May 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in China (CIF) - 2024
In April 2024, the average import price for sanitary ware and parts thereof, of iron or steel amounted to $516 per unit, dropping by -1.7% against the previous month. In general, the import price, however, posted a strong increase. The most prominent rate of growth was recorded in August 2023 an increase of 61% against the previous month. The import price peaked at $557 per unit in February 2024; however, from March 2024 to April 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was South Korea ($1,054 per unit), while the price for Spain ($70.0 per unit) was amongst the lowest.
From May 2023 to April 2024, the most notable rate of growth in terms of prices was attained by South Korea (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in China
In 2022, the amount of sanitary ware and parts thereof, of iron or steel exported from China declined slightly to 249M units, reducing by -3.8% on the previous year's figure. Over the period under review, exports saw a noticeable decline. The pace of growth appeared the most rapid in 2021 when exports increased by 21% against the previous year. The exports peaked at 271M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of sanitary ware and parts thereof, of iron or steel expanded modestly to $3B in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Sanitary Ware and Parts Thereof, of Iron or Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 360 | 486 | 783 | 772 | 29.0% |
| Vietnam | 130 | 149 | 144 | 166 | 8.5% |
| Malaysia | 88.5 | 88.0 | 146 | 154 | 20.3% |
| Australia | 63.7 | 81.1 | 94.8 | 102 | 17.0% |
| India | 60.1 | 61.2 | 77.0 | 98.3 | 17.8% |
| Thailand | 41.3 | 62.2 | 96.9 | 95.7 | 32.3% |
| Canada | 64.1 | 74.6 | 103 | 95.2 | 14.1% |
| Philippines | 29.4 | 40.5 | 78.1 | 86.8 | 43.5% |
| Germany | 62.3 | 65.2 | 80.1 | 76.1 | 6.9% |
| United Kingdom | 84.5 | 69.2 | 81.5 | 66.3 | -7.8% |
| Indonesia | 30.2 | 34.6 | 60.2 | 56.5 | 23.2% |
| Netherlands | 64.1 | 57.7 | 71.8 | 56.5 | -4.1% |
| Russia | 40.0 | 50.7 | 54.3 | 50.0 | 7.7% |
| Others | 689 | 848 | 1,064 | 1,118 | 17.5% |
| Total | 1,807 | 2,168 | 2,934 | 2,994 | 18.3% |
Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from China in 2022:
- United States (58.1M units)
- Vietnam (12.5M units)
- Malaysia (11.6M units)
- India (9.9M units)
- Germany (9.6M units)
- Thailand (8.0M units)
- Philippines (7.1M units)
- Australia (6.9M units)
- Russia (6.9M units)
- Canada (6.3M units)
- Indonesia (6.2M units)
- United Kingdom (5.5M units)
- Netherlands (4.8M units)
Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in China
In 2022, the amount of sanitary ware and parts thereof, of iron or steel imported into China declined sharply to 1.6M units, with a decrease of -15.4% on the previous year's figure. In general, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, imports of hit record highs at 2.5M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of sanitary ware and parts thereof, of iron or steel reduced remarkably to $27M in 2022. Overall, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $38M, and then shrank markedly in the following year.
| Import of Sanitary Ware and Parts Thereof, of Iron or Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.3 | 12.7 | 14.4 | 12.0 | -5.7% |
| United States | 7.4 | 6.2 | 10.5 | 5.8 | -7.8% |
| Japan | 1.9 | 1.9 | 2.8 | 2.5 | 9.6% |
| Italy | 2.4 | 1.4 | 2.2 | 1.6 | -12.6% |
| Taiwan (Chinese) | 0.6 | 0.6 | 0.9 | 1.2 | 26.0% |
| South Korea | 1.3 | 0.9 | 1.2 | 0.6 | -22.7% |
| Spain | 0.5 | 0.5 | 0.6 | 0.4 | -7.2% |
| Others | 2.5 | 4.0 | 5.1 | 2.9 | 5.1% |
| Total | 30.9 | 28.3 | 37.7 | 27.1 | -4.3% |
Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to China in 2022:
- Germany (1126.8K units)
- Japan (101.2K units)
- Spain (75.3K units)
- Taiwan (Chinese) (73.5K units)
- South Korea (48.7K units)
- United States (41.2K units)
- Italy (38.7K units)
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