Finland: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in Finland

The Finnish stainless steel sink market expanded sharply to $X in 2021, increasing by 14% against the previous year. In general, consumption showed a moderate expansion. Stainless steel sink consumption peaked in 2021 and is expected to retain growth in years to come.

Stainless Steel Sink Production in Finland

In value terms, stainless steel sink production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a deep slump. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Stainless Steel Sink Exports

Exports from Finland

In 2021, overseas shipments of stainless steel sinks and wash basins were finally on the rise to reach X units for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 23%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, stainless steel sink exports rose rapidly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2012; afterwards, it flattened through to 2021.

Exports by Country

Sweden (X units), Germany (X units) and Norway (X units) were the main destinations of stainless steel sink exports from Finland, together accounting for 85% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +32.6%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for stainless steel sink exports from Finland, comprising 58% of total exports. The second position in the ranking was held by Germany ($X), with a 19% share of total exports. It was followed by Estonia, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+25.8% per year) and Estonia (+11.6% per year).

Export Prices by Country

The average stainless steel sink export price stood at $X per unit in 2021, approximately reflecting the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 38%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Estonia ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Sink Imports

Imports into Finland

Stainless steel sink imports into Finland soared to X units in 2021, surging by 18% compared with the year before. Overall, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% 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 +36.5% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of 26%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, stainless steel sink imports expanded notably to $X in 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 21%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Sweden (X units) and Turkey (X units) were the main suppliers of stainless steel sink imports to Finland, with a combined 66% share of total imports. Germany, Poland, Slovenia, Portugal, Italy, the Netherlands and Estonia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel sink suppliers to Finland were China ($X), Turkey ($X) and Germany ($X), with a combined 55% share of total imports. Sweden, Poland, Slovenia, Italy, Portugal, the Netherlands and Estonia lagged somewhat behind, together accounting for a further 40%.

Poland, with a CAGR of +34.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average stainless steel sink import price amounted to $X per unit, with a decrease of -9.9% against the previous year. Over the period under review, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 8.5%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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