Report Update Nov 1, 2024

Uruguay - Stainless Steel Sinks and Wash Basins - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Uruguay

In 2021, the Uruguayan stainless steel sink market increased by 9.1% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Stainless Steel Sink Exports

Exports from Uruguay

In 2021, shipments abroad of stainless steel sinks and wash basins increased by 473% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports recorded significant growth. 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 soared to $X in 2021. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 758%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Argentina (X units) was the main destination for stainless steel sink exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Argentina amounted to +74.7%.

In value terms, Argentina ($X) emerged as the key foreign market for stainless steel sink exports from Uruguay.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina stood at +132.0%.

Export Prices by Country

The average stainless steel sink export price stood at $X per unit in 2021, with an increase of 36% against the previous year. Over the period under review, the export price showed a moderate increase. The most prominent rate of growth was recorded in 2018 an increase of 73%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to +32.8% per year.

Stainless Steel Sink Imports

Imports into Uruguay

In 2021, the amount of stainless steel sinks and wash basins imported into Uruguay reduced to X units, shrinking by -8.8% against 2020 figures. The total import volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 33%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, stainless steel sink imports amounted to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Brazil (X units) constituted the largest stainless steel sink supplier to Uruguay, with a 66% share of total imports. Moreover, stainless steel sink imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.3% per year) and Argentina (-0.8% per year).

In value terms, the largest stainless steel sink suppliers to Uruguay were Brazil ($X), Argentina ($X) and China ($X), together comprising 96% of total imports.

In terms of the main suppliers, China, with a CAGR of +6.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average stainless steel sink import price stood at $X per unit in 2021, jumping by 25% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Argentina ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for stainless steel sinks and wash basins in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 39% share of global consumption. These countries were followed by Japan, Russia, Brazil, Pakistan, Germany, Canada, the UK, Australia, Mexico and South Korea, which together accounted for a further 29%.

What are the largest producers of stainless steel sinks and wash basins in the world?

The country with the largest volume of stainless steel sink production was China, accounting for 52% of total volume. Moreover, stainless steel sink production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Japan ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of stainless steel sinks and wash basins to Uruguay?

In value terms, the largest stainless steel sink suppliers to Uruguay were Brazil, China and Argentina, together accounting for 97% of total imports.

What is the average export price for stainless steel sinks and wash basins in Uruguay?

In 2020, the average stainless steel sink export price amounted to $15 per unit, surging by 77% against the previous year.

What is the average import price for stainless steel sinks and wash basins in Uruguay?

The average stainless steel sink import price stood at $5.2 per unit in 2021, rising by 2.7% against the previous year.

This report provides an in-depth analysis of the stainless steel sink market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991110 - Stainless steel sinks and wash basins

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023