Thailand: Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size in Thailand

The Thai stainless steel sink market stood at $X in 2021, increasing by 12% against the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Stainless Steel Sink Production in Thailand

In value terms, stainless steel sink production declined modestly to $X in 2021 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +48.6% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 55% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Stainless Steel Sink Exports

Exports from Thailand

In 2021, stainless steel sink exports from Thailand skyrocketed to X units, picking up by 23% on the previous year's figure. In general, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +10.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 66% against the previous year. As a result, the exports reached the peak of X units; afterwards, it flattened through to 2021.

In value terms, stainless steel sink exports surged to $X in 2021. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 64% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The United States (X units) was the main destination for stainless steel sink exports from Thailand, accounting for a 85% share of total exports. Moreover, stainless steel sink exports to the United States exceeded the volume sent to the second major destination, Australia (X units), tenfold. The third position in this ranking was taken by Canada (X units), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +57.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-5.1% per year) and Canada (+5.0% per year).

In value terms, the United States ($X) remains the key foreign market for stainless steel sink exports from Thailand, comprising 79% of total exports. The second position in the ranking was taken by Australia ($X), with an 11% share of total exports. It was followed by Canada, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +67.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+1.2% per year) and Canada (+326.5% per year).

Export Prices by Country

In 2021, the average stainless steel sink export price amounted to $X per unit, rising by 9.1% against the previous year. Overall, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stainless steel sink export price increased by +58.1% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Philippines ($X per unit), while the average price for exports to the United States ($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 the Philippines (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Sink Imports

Imports into Thailand

In 2021, the amount of stainless steel sinks and wash basins imported into Thailand soared to X units, rising by 31% compared with 2020. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +9.8% 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 +77.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 42%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, stainless steel sink imports soared to $X in 2021. Over the period under review, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 40% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X units) was the main stainless steel sink supplier to Thailand, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +12.1%.

In value terms, China ($X) constituted the largest supplier of stainless steel sink to Thailand.

From 2012 to 2021, the average annual growth rate of value from China amounted to +15.4%.

Import Prices by Country

The average stainless steel sink import price stood at $X per unit in 2021, rising by 4.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +3.0% per year.

Source: IndexBox Platform

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