Iran: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in Iran

The Iranian stainless steel sink market fell to $X in 2021, shrinking by -10.5% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Stainless Steel Sink Production in Iran

In value terms, stainless steel sink production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The growth pace was the most rapid in 2015 when the production volume increased by 427% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Stainless Steel Sink Exports

Exports from Iran

After two years of decline, overseas shipments of stainless steel sinks and wash basins increased by 28% to X units in 2021. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 278% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, stainless steel sink exports dropped to $X in 2021. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when exports increased by 229% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for stainless steel sink exports from Iran, accounting for a 86% share of total exports. Moreover, stainless steel sink exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X units), more than tenfold. The third position in this ranking was held by Turkey (X units), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+28.2% per year) and Turkey (+77.1% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for stainless steel sink exports from Iran, comprising 77% of total exports. The second position in the ranking was held by Armenia ($X), with a 12% share of total exports. It was followed by Oman, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+12.8% per year) and Oman (+36.4% per year).

Export Prices by Country

The average stainless steel sink export price stood at $X per unit in 2021, shrinking by -30.4% against the previous year. Overall, the export price recorded a noticeable slump. The pace of growth appeared the most rapid in 2020 an increase of 52%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Armenia ($X per unit), while the average price for exports to Turkey ($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 Azerbaijan (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Sink Imports

Imports into Iran

In 2021, approx. X units of stainless steel sinks and wash basins were imported into Iran; almost unchanged from 2020 figures. In general, imports, however, recorded a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of 102% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, stainless steel sink imports reduced to $X in 2021. Over the period under review, imports, however, recorded a sharp downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 126%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main stainless steel sink supplier to Iran, with a 96% share of total imports. Moreover, stainless steel sink imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-39.4% per year) and Italy (-36.6% per year).

In value terms, China ($X) constituted the largest supplier of stainless steel sink to Iran, comprising 89% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.9% share of total imports. It was followed by Italy, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-37.3% per year) and Italy (-33.9% per year).

Import Prices by Country

In 2021, the average stainless steel sink import price amounted to $X per unit, which is down by -12.7% against the previous year. In general, the import price showed a deep slump. The growth pace was the most rapid in 2014 an increase of 12%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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