Report Update May 1, 2025

Libya - Stainless Steel Sinks and Wash Basins - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in Libya

In 2021, the Libyan stainless steel sink market increased by 16% to $X, rising for the fourth year in a row after two years of decline. In general, consumption enjoyed a strong expansion. Stainless steel sink consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Stainless Steel Sink Exports

Exports from Libya

After two years of growth, overseas shipments of stainless steel sinks and wash basins decreased by -38.2% to X units in 2017. In general, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2016 with an increase of 31% against the previous year. As a result, the exports reached the peak of X units, and then fell markedly in the following year.

In value terms, stainless steel sink exports reduced rapidly to $X in 2017. Overall, exports showed a sharp decrease. The smallest decline of -30.5% was in 2016. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2017, the exports remained at a lower figure.

Exports by Country

Ghana (X units) was the main destination for stainless steel sink exports from Libya, accounting for a approx. 100% share of total exports.

From 2013 to 2017, the average annual growth rate of volume to Ghana was relatively modest.

In value terms, Ghana ($X) emerged as the key foreign market for stainless steel sink exports from Libya.

From 2013 to 2017, the average annual rate of growth in terms of value to Ghana was relatively modest.

Export Prices by Country

In 2017, the average stainless steel sink export price amounted to $X per unit, shrinking by -21.6% against the previous year. Over the period under review, the export price continues to indicate a precipitous slump. The export price peaked at $X per unit in 2013; however, from 2014 to 2017, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2013 to 2017, the rate of growth in terms of prices for Ghana amounted to +672.7% per year.

Stainless Steel Sink Imports

Imports into Libya

Stainless steel sink imports into Libya surged to X units in 2021, jumping by 22% on the year before. Over the period under review, imports continue to indicate a notable increase. The pace of growth was the most pronounced in 2018 when imports increased by 150%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, stainless steel sink imports rose significantly to $X in 2021. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 164%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of stainless steel sink to Libya, with a 80% share of total imports. Moreover, stainless steel sink imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +17.4%.

In value terms, China ($X) constituted the largest supplier of stainless steel sink to Libya, comprising 82% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +27.0%.

Import Prices by Country

In 2021, the average stainless steel sink import price amounted to $X per unit, reducing by -6% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stainless steel sink import price increased by +48.7% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of 43% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Turkey stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for stainless steel sinks and wash basins in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 39% share of global consumption. These countries were followed by Japan, Russia, Brazil, Pakistan, Germany, Canada, the UK, Australia, Mexico and South Korea, which together accounted for a further 29%.

What are the largest producers of stainless steel sinks and wash basins in the world?

China remains the largest stainless steel sink producing country worldwide, comprising approx. 52% of total volume. Moreover, stainless steel sink production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was occupied by Japan, with a 4.3% share.

What are the leading suppliers of stainless steel sinks and wash basins to Libya?

In value terms, China constituted the largest supplier of stainless steel sink to Libya, comprising 80% of total imports. The second position in the ranking was occupied by Turkey, with a 15% share of total imports.

What is the average export price for stainless steel sinks and wash basins in Libya?

The average stainless steel sink export price stood at $3.4 per unit in 2017, increasing by 15% against the previous year.

What is the average import price for stainless steel sinks and wash basins in Libya?

In 2021, the average stainless steel sink import price amounted to $7.9 per unit, which is down by -21.5% against the previous year.

This report provides an in-depth analysis of the stainless steel sink market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991110 - Stainless steel sinks and wash basins

Country coverage:

Libya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Libya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024