Russian Federation: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in the Russian Federation

The Russian stainless steel sink market rose markedly to $X in 2021, with an increase of 12% against the previous year. In general, consumption, however, saw a abrupt shrinkage. Stainless steel sink consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Stainless Steel Sink Production in the Russian Federation

In value terms, stainless steel sink production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, showed a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Stainless Steel Sink Exports

Exports from the Russian Federation

In 2021, the amount of stainless steel sinks and wash basins exported from Russia soared to X units, with an increase of 18% against the year before. Overall, exports showed prominent growth. The growth pace was the most rapid in 2014 when exports increased by 42%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, stainless steel sink exports expanded remarkably to $X in 2021. Over the period under review, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Ukraine (X units) were the main destinations of stainless steel sink exports from Russia, together comprising 85% of total exports. Armenia, Tajikistan and Latvia lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +162.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stainless steel sink exported from Russia were Kazakhstan ($X), Belarus ($X) and Ukraine ($X), together accounting for 84% of total exports. These countries were followed by Armenia, Tajikistan and Latvia, which together accounted for a further 8%.

In terms of the main countries of destination, Tajikistan, with a CAGR of +89.3%, recorded 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, declining by -4.8% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 4.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belarus ($X per unit), while the average price for exports to Tajikistan ($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 Armenia (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Stainless Steel Sink Imports

Imports into the Russian Federation

In 2021, approx. X units of stainless steel sinks and wash basins were imported into Russia; picking up by 30% compared with 2020. Over the period under review, imports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, stainless steel sink imports soared to $X in 2021. In general, imports, however, showed a perceptible slump. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of stainless steel sink to Russia, with a 63% share of total imports. Moreover, stainless steel sink imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X units), twofold. Turkey (X units) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+79.6% per year) and Turkey (-15.3% per year).

In value terms, China ($X) constituted the largest supplier of stainless steel sink to Russia, comprising 69% of total imports. The second position in the ranking was held by Germany ($X), with a 9.8% share of total imports. It was followed by Turkey, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.3% per year) and Turkey (-8.8% per year).

Import Prices by Country

In 2021, the average stainless steel sink import price amounted to $X per unit, waning by -9.8% against the previous year. In general, the import price saw a noticeable descent. The pace of growth was the most pronounced in 2019 an increase of 31%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Germany ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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