Italy: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in Italy

In 2021, the Italian stainless steel sink market increased by 3.5% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption showed a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Stainless Steel Sink Production in Italy

In value terms, stainless steel sink production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep downturn. Stainless steel sink production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Stainless Steel Sink Exports

Exports from Italy

After four years of decline, overseas shipments of stainless steel sinks and wash basins increased by 22% to X units in 2021. Over the period under review, exports, however, continue to indicate a slight downturn. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, stainless steel sink exports soared to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), France (X units) and Spain (X units) were the main destinations of stainless steel sink exports from Italy, together accounting for 37% of total exports. Greece, the United Arab Emirates, the Netherlands, the UK, Poland, Switzerland, Romania, the United States, the Czech Republic and Portugal lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +17.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) were the largest markets for stainless steel sink exported from Italy worldwide, with a combined 38% share of total exports. The Netherlands, Greece, the UK, the United Arab Emirates, the United States, Switzerland, Poland, the Czech Republic, Portugal and Romania lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, the United States, with a CAGR of +16.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average stainless steel sink export price amounted to $X per unit, with an increase of 5.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average 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 the United States ($X per unit), while the average price for exports to Romania ($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 Netherlands (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Sink Imports

Imports into Italy

In 2021, stainless steel sink imports into Italy rose remarkably to X units, growing by 13% against the previous year's figure. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 69%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, stainless steel sink imports surged to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. 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.

Imports by Country

Germany (X units), China (X units) and Turkey (X units) were the main suppliers of stainless steel sink imports to Italy, together comprising 79% of total imports. These countries were followed by Greece and Albania, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were in Albania (with a CAGR of +35.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of stainless steel sink to Italy, comprising 51% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.0% per year) and China (+4.3% per year).

Import Prices by Country

In 2021, the average stainless steel sink import price amounted to $X per unit, increasing by 24% against the previous year. Overall, the import price, however, saw a perceptible decline. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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