Northern America: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in Northern America

In 2021, after three years of growth, there was significant decline in the North American stainless steel sink market, when its value decreased by -15.2% to $X. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.6% against 2014 indices. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

Stainless Steel Sink Production in Northern America

In value terms, stainless steel sink production dropped dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 749%. Over the period under review, production hit record highs at $X in 2020, and then declined sharply in the following year.

Stainless Steel Sink Exports

Exports in Northern America

In 2021, overseas shipments of stainless steel sinks and wash basins decreased by -35.8% to X units, falling for the second consecutive year after four years of growth. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 44%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, stainless steel sink exports dropped to $X in 2021. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 42% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then fell in the following year.

Exports by Country

Canada was the major exporting country with an export of about X units, which amounted to 73% of total exports. It was distantly followed by the United States (X units), constituting a 27% share of total exports.

Canada was also the fastest-growing in terms of the stainless steel sinks and wash basins exports, with a CAGR of +1.4% from 2012 to 2021. The United States (-15.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +39 percentage points.

In value terms, the United States ($X) remains the largest stainless steel sink supplier in Northern America, comprising 74% of total exports. The second position in the ranking was taken by Canada ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +7.0%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, surging by 47% against the previous year. In general, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2020 when the export price increased by 144% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain 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 the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+27.1%).

Stainless Steel Sink Imports

Imports in Northern America

In 2021, overseas purchases of stainless steel sinks and wash basins decreased by -3.8% to X units, falling for the third year in a row after seven years of growth. Overall, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, stainless steel sink imports soared to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the two major importers of stainless steel sinks and wash basins, namely the United States and Canada, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +7.0%).

In value terms, the United States ($X) constitutes the largest market for imported stainless steel sinks and wash basins in Northern America, comprising 85% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +9.4%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, picking up by 39% against the previous year. Overall, the import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2020 when the import price increased by 146%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.6%).

Source: IndexBox Platform

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