Scandinavia: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in Scandinavia

The Scandinavia stainless steel sink market surged to $X in 2021, picking up by 24% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 +61.4% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Stainless Steel Sink Production in Scandinavia

In value terms, stainless steel sink production declined to $X in 2021 estimated in export price. Overall, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 13%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Stainless Steel Sink Exports

Exports in Scandinavia

Stainless steel sink exports totaled X units in 2021, with an increase of 5.3% on the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 7.8% against the previous year. Over the period under review, the exports attained the peak figure 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 expanded sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a slight reduction. The pace of growth was the most pronounced in 2017 when exports increased by 14%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Sweden (X units) represented the main exporter of stainless steel sinks and wash basins, generating 54% of total exports. It was distantly followed by Denmark (X units) and Finland (X units), together constituting a 46% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Denmark (with a CAGR of +12.6%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest stainless steel sink supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), with a combined 100% share of total exports.

Among the main exporting countries, Denmark, with a CAGR of +8.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, increasing by 1.8% against the previous year. Over the period under review, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by 12% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Finland ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+0.3%), while the other leaders experienced a decline in the export price figures.

Stainless Steel Sink Imports

Imports in Scandinavia

For the third year in a row, Scandinavia recorded growth in overseas purchases of stainless steel sinks and wash basins, which increased by 23% to X units in 2021. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.9% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel sink imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units) and Denmark (X units) represented roughly 69% of total imports in 2021. Norway (X units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Finland (13%). Iceland (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iceland (with a CAGR of +10.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel sink importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), with a combined 86% share of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 14%.

Among the main importing countries, Iceland, with a CAGR of +9.0%, saw the highest rates of growth with regard to the value of imports, 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 Scandinavia stood at $X per unit in 2021, with a decrease of -5.1% against the previous year. In general, the import price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when the import price increased by 6.9%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform