Benelux: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Benelux

The Benelux stainless steel sink market skyrocketed to $X in 2021, surging by 27% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Stainless Steel Sink Production in Benelux

In value terms, stainless steel sink production rose to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Stainless Steel Sink Exports

Exports in Benelux

In 2021, overseas shipments of stainless steel sinks and wash basins increased by 23% to X units, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 33%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, stainless steel sink exports surged to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 30% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

The Netherlands was the major exporting country with an export of about X units, which amounted to 69% of total exports. It was distantly followed by Belgium (X units), creating a 30% share of total exports.

Exports from the Netherlands increased at an average annual rate of +1.6% from 2012 to 2021. At the same time, Belgium (+7.0%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +7.0% from 2012-2021. While the share of Belgium (+8.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-8.9 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest stainless steel sink supplier in Benelux, comprising 70% of total exports. The second position in the ranking was held by Belgium ($X), with a 30% share of total exports.

In the Netherlands, stainless steel sink exports expanded at an average annual rate of +3.4% over the period from 2012-2021.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, approximately reflecting the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 18% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.8%).

Stainless Steel Sink Imports

Imports in Benelux

In 2021, purchases abroad of stainless steel sinks and wash basins increased by 27% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, stainless steel sink imports surged to $X in 2021. The total import value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X units) and Belgium (X units) prevails in imports structure, together committing 97% of total imports. Luxembourg (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +16.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) constituted the countries with the highest levels of imports in 2021.

The Netherlands, with a CAGR of +11.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, picking up by 4.2% against the previous year. Overall, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 12%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-4.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform