India: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2025

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in India

In 2022, the Indian stainless steel household articles market decreased by -28.2% to $X, falling for the second year in a row after six years of growth. Over the period under review, consumption recorded a noticeable setback. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in India

In value terms, stainless steel household articles production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15%. Stainless steel household articles production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from India

In 2022, overseas shipments of table, kitchen or household articles and parts of stainless steel increased by 40% to X units, rising for the fourth year in a row after four years of decline. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 163%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, stainless steel household articles exports shrank to $X in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The United States (X units) was the main destination for stainless steel household articles exports from India, with a 30% share of total exports. Moreover, stainless steel household articles exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. The third position in this ranking was held by Saudi Arabia (X units), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+5.1% per year) and Saudi Arabia (+10.6% per year).

In value terms, the United States ($X) remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from India, comprising 27% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.6% share of total exports. It was followed by Saudi Arabia, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+5.6% per year) and Saudi Arabia (+7.0% per year).

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, falling by -33.1% against the previous year. In general, the export price saw a mild slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into India

Stainless steel household articles imports into India declined to X units in 2022, which is down by -13.4% against the previous year. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 127%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, stainless steel household articles imports expanded remarkably to $X in 2022. In general, imports, however, saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of 65%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of stainless steel household articles to India, with a 67% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, Nepal (X units), fourfold. Malaysia (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Nepal (+71.9% per year) and Malaysia (+236.8% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to India, comprising 65% of total imports. The second position in the ranking was taken by Thailand ($X), with an 8% share of total imports. It was followed by Nepal, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+20.7% per year) and Nepal (+75.4% per year).

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, surging by 22% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 41%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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