Spain: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in Spain

In 2021, the Spanish stainless steel sink market was finally on the rise to reach $X after three years of decline. In general, consumption recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the market value increased by 6.6%. Stainless steel sink consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Stainless Steel Sink Production in Spain

In value terms, stainless steel sink production rose slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a slight downturn. The growth pace was the most rapid in 2014 with an increase of 22%. Stainless steel sink production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Stainless Steel Sink Exports

Exports from Spain

In 2021, the amount of stainless steel sinks and wash basins exported from Spain surged to X units, jumping by 17% against the previous year. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel sink exports totaled $X in 2021. The total export value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Portugal (X units) and Chile (X units) were the main destinations of stainless steel sink exports from Spain, with a combined 35% share of total exports. These countries were followed by Mexico, Denmark, Ecuador, Morocco, the United Arab Emirates, Peru, Djibouti, South Africa and Saudi Arabia, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +56.6%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and Mexico ($X) appeared to be the largest markets for stainless steel sink exported from Spain worldwide, together accounting for 35% of total exports. Chile, Denmark, Ecuador, Morocco, the United Arab Emirates, Saudi Arabia, Peru, Djibouti and South Africa lagged somewhat behind, together comprising a further 39%.

In terms of the main countries of destination, Peru, with a CAGR of +49.7%, saw 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, shrinking by -2.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 9.6%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Peru ($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 Saudi Arabia (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Sink Imports

Imports into Spain

Stainless steel sink imports into Spain surged to X units in 2021, picking up by 30% compared with the previous year. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% 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 decreased by -0.8% against 2019 indices. Imports peaked at X units in 2019; afterwards, it flattened through to 2021.

In value terms, stainless steel sink imports skyrocketed to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of stainless steel sink imports to Spain, together accounting for 74% of total imports. Greece, Germany, Portugal and the Netherlands lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +28.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) were the largest stainless steel sink suppliers to Spain, together accounting for 67% of total imports. These countries were followed by Turkey, Greece, Portugal and the Netherlands, which together accounted for a further 27%.

In terms of the main suppliers, the Netherlands, with a CAGR of +17.8%, recorded the highest growth rate of 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

In 2021, the average stainless steel sink import price amounted to $X per unit, with an increase of 5.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2017 an increase of 30%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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