Kuwait: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in Kuwait

In 2021, the Kuwaiti stainless steel sink market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption posted a buoyant expansion. Stainless steel sink consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Stainless Steel Sink Exports

Exports from Kuwait

In 2021, overseas shipments of stainless steel sinks and wash basins decreased by -20.4% to X units, falling for the seventh year in a row after three years of growth. Over the period under review, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2014 with an increase of 42%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, stainless steel sink exports totaled $X in 2021. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units), Oman (X units) and Lebanon (X units) were the main destinations of stainless steel sink exports from Kuwait, together comprising 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 Oman (with a CAGR of +18.3%), while the other leaders experienced a decline.

In value terms, Saudi Arabia ($X) remains the key foreign market for stainless steel sink exports from Kuwait, comprising 75% of total exports. The second position in the ranking was taken by Oman ($X), with a 13% share of total exports. It was followed by Qatar, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+9.5% per year) and Qatar (-25.5% per year).

Export Prices by Country

The average stainless steel sink export price stood at $X per unit in 2021, picking up by 32% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2019 an increase of 113%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Jordan ($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 Iraq (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Sink Imports

Imports into Kuwait

After four years of decline, purchases abroad of stainless steel sinks and wash basins increased by 171% to X units in 2021. Overall, imports saw a buoyant increase. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, stainless steel sink imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of stainless steel sink to Kuwait, with a 65% share of total imports. Moreover, stainless steel sink imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. Saudi Arabia (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.3% per year) and Saudi Arabia (+13.7% per year).

In value terms, China ($X) constituted the largest supplier of stainless steel sink to Kuwait, comprising 57% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Turkey, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.9% per year) and Turkey (-1.6% per year).

Import Prices by Country

In 2021, the average stainless steel sink import price amounted to $X per unit, declining by -12.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2018 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :