The Latest Trends And Market Forecasts for The Australian Bathroom Industry

1. Reece Group's demand slows down: Reece Group raised the price of its bathroom products in its Australian business by an average of 9% between 2022 and 2023, and sales in its US business increased by 12%. However, the group said that the housing construction and decoration market slowed down significantly.

2. Annual forecast report on the Australian bathroom sanitary ware industry in 2024: The report mentioned the opportunities brought by the "Belt and Road" strategy to the Australian bathroom sanitary ware industry, as well as the annual contract amount, turnover and profitability of major competitors in the local area.

3. Growth of the Australian smart bathroom market: The Australian smart bathroom market has shown a significant growth trend in recent years. It is expected that by 2030, the scale of the market will further increase, with a compound annual growth rate of about 6.3%.

4. 2024 World Bathroom Conference: On December 10, 2024, the 2024 World Bathroom Conference with the theme of "Breaking the Volume, Breaking the Situation, and Rebirth" was held in Foshan City, focusing on hot topics such as internal volume, old-for-new, and going overseas, and jointly exploring the new path of the bathroom industry.

5. Australia WELS certification: Australia's WELS (Water Efficiency Label and Standard) certification is crucial to boosting the market demand for water-saving sanitary ware products.

6. China exports ceramic sanitary ware to Australia: The increasingly close trade relations between China and Australia provide a good external environment for the export of Chinese ceramic sanitary ware products, showing strong market potential.

7. Australian sanitary ware product market opportunity analysis and industry forecast (2021-2030): In 2020, the Australian sanitary ware product market size was US$2.4711 billion, and it is expected to reach US$4.5362 billion by 2030, with a compound annual growth rate of 6.3%.