Market Research Report
Philippines Bathrooms 2019
|Published by||BRG Building Solutions||Product code||342230|
|Published||Content info||116 Pages
Delivery time: 1-2 business days
|Philippines Bathrooms 2019|
|Published: September 30, 2019||Content info: 116 Pages||
This report provides an in-depth analysis of the Filipino bathroom market including the monitoring of recent trend patterns and demand drivers, plus substantiated volume forecasts for the next 5 years.
The Philippines continued to move on a healthy growth trajectory in 2018, although at a slightly slower pace compared to the previous year. The gross domestic product (GDP) growth was 6.5% in 2018, slower than the 6.7% in 2017, but still among the fastest in Asia.
Sales of sanitary ware products continued to grow in 2018 as demand for sanitary facilities grew. The Filipino government has started new initiatives to develop and promote construction industry which further helped local sanitary ware manufacturers in different regions of the country. With the government emphasis on infrastructure construction through its ambitious ‘Build Build Build' program the sanitary ware market is expected to grow further.
Faucet sales also continued to grow positively during 2018 owing to growth in construction in Metro Manila and elsewhere. The market also witnessed healthy growth in other provincial cities over the course of 2018.
The synthetic baths market, however, witnessed a decline in the sales in 2018, due to a shift toward functional luxurious baths such as hydromassage baths. Thus, there were lesser imports and consequently lesser sales of synthetic baths, whereas the hydromassage bath market witnessed good growth during the year.
The market for shower wall products declined marginally during 2018. This was due the fact that there were lesser Chinese imports during the year as the peso kept on fluctuating downwards against the US dollar. For some importers, logistics and import cost increased, which led them to slow down the imports.
This report focuses on the following product categories: