Ukraine: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Ukraine

The Ukrainian stainless steel sink market stood at $X in 2021, increasing by 4.3% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. Stainless steel sink consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Stainless Steel Sink Production in Ukraine

In value terms, stainless steel sink production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 56% against the previous year. Stainless steel sink production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Stainless Steel Sink Exports

Exports from Ukraine

For the fifth consecutive year, Ukraine recorded growth in shipments abroad of stainless steel sinks and wash basins, which increased by 16% to X units in 2021. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 226%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, stainless steel sink exports totaled $X in 2021. In general, exports posted a strong expansion. The growth pace was the most rapid in 2017 with an increase of 286%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Romania (X units), the Czech Republic (X units) and Moldova (X units) were the main destinations of stainless steel sink exports from Ukraine, with a combined 84% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +1,067.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stainless steel sink exported from Ukraine were Romania ($X), the Czech Republic ($X) and Moldova ($X), with a combined 77% share of total exports.

Among the main countries of destination, Romania, with a CAGR of +753.4%, 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

The average stainless steel sink export price stood at $X per unit in 2021, waning by -13.7% against the previous year. Overall, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 18% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Uzbekistan ($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 Russia (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Stainless Steel Sink Imports

Imports into Ukraine

In 2021, imports of stainless steel sinks and wash basins into Ukraine totaled X units, increasing by 2.6% on the previous year. In general, imports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, stainless steel sink imports stood at $X in 2021. Over the period under review, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by 24% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest stainless steel sink supplier to Ukraine, with a 88% share of total imports. Moreover, stainless steel sink imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. Spain (X units) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-18.6% per year) and Spain (+2.2% per year).

In value terms, China ($X) constituted the largest supplier of stainless steel sink to Ukraine, comprising 50% of total imports. The second position in the ranking was held by Spain ($X), with a 14% share of total imports. It was followed by Italy, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.6% per year) and Italy (+8.6% per year).

Import Prices by Country

In 2021, the average stainless steel sink import price amounted to $X per unit, increasing by 2.7% against the previous year. Overall, the import price, however, showed a perceptible reduction. The growth pace was the most rapid in 2016 an increase of 5.5% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($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 (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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