Belarus: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in Belarus

The Belarusian stainless steel sink market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a pronounced slump. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Stainless Steel Sink Exports

Exports from Belarus

In 2021, after seven years of growth, there was significant decline in shipments abroad of stainless steel sinks and wash basins, when their volume decreased by -10.3% to X units. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 260% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020, and then contracted in the following year.

In value terms, stainless steel sink exports surged to $X in 2021. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 203%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for stainless steel sink exports from Belarus, with a 97% share of total exports. It was followed by Lithuania (X units), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +64.4%.

In value terms, Russia ($X) remains the key foreign market for stainless steel sink exports from Belarus, comprising 87% of total exports. The second position in the ranking was held by Lithuania ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +31.3%.

Export Prices by Country

In 2021, the average stainless steel sink export price amounted to $X per unit, surging by 45% against the previous year. In general, the export price, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2013 an increase of 63% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Russia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-9.9%).

Stainless Steel Sink Imports

Imports into Belarus

In 2021, overseas purchases of stainless steel sinks and wash basins decreased by -2.8% to X units, falling for the second year in a row after two years of growth. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 138% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, stainless steel sink imports soared to $X in 2021. Overall, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.1% against 2015 indices. The growth pace was the most rapid in 2016 when imports increased by 33%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest stainless steel sink supplier to Belarus, with a 74% share of total imports. Moreover, stainless steel sink imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), fourfold. The third position in this ranking was taken by Turkey (X units), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +35.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+9.3% per year) and Turkey (-13.1% per year).

In value terms, China ($X), Russia ($X) and Turkey ($X) constituted the largest stainless steel sink suppliers to Belarus, together comprising 93% of total imports.

In terms of the main suppliers, China, with a CAGR of +26.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stainless steel sink import price stood at $X per unit in 2021, rising by 19% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Kazakhstan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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