EU: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in the EU

In 2021, the EU stainless steel sink market increased by 15% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a mild decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Stainless Steel Sink Production in the EU

In value terms, stainless steel sink production expanded markedly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Stainless Steel Sink Exports

Exports in the EU

In 2021, shipments abroad of stainless steel sinks and wash basins was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel sink exports soared to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Germany (X units), Greece (X units) and Italy (X units), together finishing at 55% of total export. Spain (X units) ranks next in terms of the total exports with an 8% share, followed by Poland (6.9%), the Netherlands (5.6%) and Portugal (4.9%).

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +7.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Greece ($X) constituted the countries with the highest levels of exports in 2021, with a combined 55% share of total exports. The Netherlands, Spain, Poland and Portugal lagged somewhat behind, together accounting for a further 25%.

Poland, with a CAGR of +7.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, flattening at the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 7% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+2.6%), while the other leaders experienced more modest paces of growth.

Stainless Steel Sink Imports

Imports in the EU

In 2021, imports of stainless steel sinks and wash basins in the European Union soared to X units, rising by 22% against the year before. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel sink imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X units) and Germany (X units) represented roughly 29% of total imports in 2021. The Netherlands (X units) ranks next in terms of the total imports with a 7.6% share, followed by Belgium (7.6%), Spain (5.8%), Poland (5.8%), Italy (5.4%), Sweden (5%) and Austria (4.5%). Denmark (X units), Romania (X units), Ireland (X units) and the Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Ireland (with a CAGR of +22.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel sink importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), together accounting for 43% of total imports. These countries were followed by Spain, Sweden, Poland, Belgium, Denmark, Austria, Italy, the Czech Republic, Ireland and Romania, which together accounted for a further 42%.

Ireland, with a CAGR of +18.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, remaining stable against the previous year. Over the period under review, the import price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2017 when the import price increased by 6.7% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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