Report Update: Nov 1, 2024

World - Stainless Steel Sinks And Wash Basins - Market Analysis, Forecast, Size, Trends And Insights

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Stainless steel sink market

Stainless steel sink market: download the most recent statistics empowered by an Ai-driven market intelligence tool. Data include production, imports, exports, consumption, market size, companies, market prices, and trade. There is a split by country, including Latin America, Russia, the U.K., EU, China, the U.S., Africa, and the Middle East. Market insights and forecast to 2030 are also provided in the snapshots.

Stainless Steel Sink - World's Largest Markets

Rating	Country
1	China
2	United States
3	Brazil
4	Turkey
5	Mexico

In value terms, China, the United States and Brazil were the countries with the highest levels of market value in 2021, together comprising 47% of the global market. These countries were followed by Turkey, Mexico, the UK, India, Germany, Malaysia, Indonesia, Pakistan and Japan, which together accounted for a further 14%.

Turkey recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while stainless steel sink market for the other global leaders experienced more modest paces of growth.

Stainless Steel Sink Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per unit			CAGR, 2019-2021
Turkey	6.7	6.7	6.7	-0.1%
Malaysia	8.6	5.7	6.7	-12.0%
Greece	7.3	7.1	7.2	-0.6%
China	7.2	7.7	7.5	1.9%
Vietnam	12	9.5	10	-8.4%
Mexico	8.9	11	10	6.3%
Italy	14	14	14	0.2%
Germany	17	17	17	0.6%
Average	8.4	8.7	8.6	0.8%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($17 per unit), while Turkey ($6.7 per unit) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per unit			CAGR, 2019-2021
United Kingdom	10	11	11	1.2%
Australia	9.4	11	10	3.2%
United States	9.4	9.8	9.6	1.1%
France	9.6	9.5	9.6	-0.3%
Canada	7.7	8.9	8.3	3.7%
Germany	7.8	7.6	7.7	-0.6%
Netherlands	7.6	7.5	7.5	-0.7%
Thailand	6.5	6.5	6.5	-0.2%
Philippines	4.6	6.7	5.6	10.8%
Russia	5	4.7	4.8	-1.3%
India	4.1	4.3	4.2	0.8%
Indonesia	3.9	4.1	4	0.9%
Malaysia	2.3	2.2	2.3	-1.8%
Average	7	7.2	7.1	0.8%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the UK ($11 per unit), while Malaysia ($2.3 per unit) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines, while the other global leaders experienced more modest paces of growth.

Stainless Steel Sink - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
United States	0.3	0.3	0.3	3.5%
Germany	0.06	0.06	0.06	0.0%
United Kingdom	0.06	0.05	0.05	-5.3%
Australia	0.04	0.05	0.05	1.4%
Canada	0.04	0.04	0.04	1.5%

In value terms, the United States ($304M) constitutes the largest market for imported stainless steel sinks and wash basins worldwide, comprising 24% of global imports. The second position in the ranking was occupied by Germany ($64M), with a 5.2% share of global imports. It was followed by the UK, with a 4.4% share.

From 2019 to 2021, the average annual rate of growth in terms of value in the United States stood at +3.5%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-0.0% per year) and the UK (-5.3% per year).

Stainless Steel Sink - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
China	0.8	1	0.9	4.7%
Germany	0.1	0.1	0.1	-2.1%
Italy	0.06	0.05	0.06	-3.3%
Mexico	0.05	0.06	0.05	4.1%
Turkey	0.05	0.05	0.05	-1.3%

In value terms, China ($875M) remains the largest stainless steel sink supplier worldwide, comprising 57% of global exports. The second position in the ranking was occupied by Germany ($108M), with a 7% share of global exports. It was followed by Italy, with a 3.7% share.

In China, stainless steel sink exports expanded at an average annual rate of +4.7% over the period from 2019-2021. In the other countries, the average annual rates were as follows: Germany (-2.1% per year) and Italy (-3.3% per year).

Stainless Steel Sink - Market Forecast

Depressed by shrinking demand for stainless steel sink worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.

Stainless Steel Sink - Product Coverage

HS 732410 - Steel; sinks and wash basins, of stainless steel

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global stainless steel sink market. 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 25991110 - Stainless steel sinks and wash basins

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023