Greece: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in Greece

The Greek stainless steel sink market soared to $X in 2021, jumping by 39% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Stainless Steel Sink Production in Greece

In value terms, stainless steel sink production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2016 with an increase of 21%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Stainless Steel Sink Exports

Exports from Greece

In 2021, overseas shipments of stainless steel sinks and wash basins were finally on the rise to reach X units after three years of decline. Overall, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.5% against 2017 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 43%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, stainless steel sink exports rose sharply to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 24% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for stainless steel sink exports from Greece, with a 26% share of total exports. Moreover, stainless steel sink exports to France exceeded the volume sent to the second major destination, the UK (X units), twofold. The third position in this ranking was held by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.9% per year) and Germany (-3.9% per year).

In value terms, the largest markets for stainless steel sink exported from Greece were France ($X), the UK ($X) and Germany ($X), together comprising 48% of total exports. Italy, Spain, Poland, Romania, the United States, Sweden, the United Arab Emirates, Belgium, Albania and Austria lagged somewhat behind, together comprising a further 37%.

Spain, with a CAGR of +15.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stainless steel sink export price stood at $X per unit in 2021, remaining stable against the previous year. Over the period under review, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of 5.9%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Albania ($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 the United Arab Emirates (+6.6%), while the prices for the other major destinations experienced a decline.

Stainless Steel Sink Imports

Imports into Greece

In 2021, supplies from abroad of stainless steel sinks and wash basins was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, 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.

In value terms, stainless steel sink imports surged to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 +24.7% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and Turkey (X units) were the main suppliers of stainless steel sink imports to Greece, together accounting for 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel sink suppliers to Greece were Italy ($X), China ($X) and Turkey ($X), with a combined 88% share of total imports.

Turkey, with a CAGR of +18.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, picking up by 3.9% against the previous year. In general, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2014 an increase of 6.7% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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