MENA: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in MENA

In 2021, after four years of growth, there was decline in the MENA's stainless steel sink market, when its value decreased by -2.8% to $X. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Stainless Steel Sink Production in MENA

In value terms, stainless steel sink production fell to $X in 2021 estimated in export price. Over the period under review, production recorded a mild shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 142% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Stainless Steel Sink Exports

Exports in MENA

In 2021, the amount of stainless steel sinks and wash basins exported in MENA skyrocketed to X units, jumping by 25% against 2020 figures. In general, exports, however, continue to indicate a mild slump. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, stainless steel sink exports soared to $X in 2021. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, finishing at X units, which was approx. 94% of total exports in 2021. The United Arab Emirates (X units) and Saudi Arabia (X units) followed a long way behind the leaders.

Exports from Turkey decreased at an average annual rate of -1.6% from 2012 to 2021. At the same time, the United Arab Emirates (+11.5%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +11.5% from 2012-2021. By contrast, Saudi Arabia (-6.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +2.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest stainless steel sink supplier in MENA, comprising 96% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+0.3% per year) and Saudi Arabia (-2.6% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, growing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Stainless Steel Sink Imports

Imports in MENA

In 2021, approx. X units of stainless steel sinks and wash basins were imported in MENA; surging by 11% on the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 23%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, stainless steel sink imports surged to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 29% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units), Morocco (X units), Algeria (X units), Iraq (X units), Egypt (X units), Libya (X units), Kuwait (X units), Israel (X units), Yemen (X units), Oman (X units), Djibouti (X units) and Qatar (X units) represented the main importer of stainless steel sinks and wash basins in MENA, generating 90% of total import.

From 2012 to 2021, the biggest increases were in Qatar (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel sink importing markets in MENA were the United Arab Emirates ($X), Iraq ($X) and Morocco ($X), with a combined 40% share of total imports. Egypt, Algeria, Libya, Israel, Kuwait, Djibouti, Qatar, Yemen and Oman lagged somewhat behind, together accounting for a further 43%.

Algeria, with a CAGR of +18.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, growing by 6.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2020 when the import price increased by 14% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Djibouti ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform