Global Stainless Steel Sink Market 2025

Stainless Steel Sink Market Size

In 2021, the global stainless steel sink market decreased by -12% to $X for the first time since 2014, thus ending a six-year rising trend. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X, and then fell in the following year.

Stainless Steel Sink Production

In value terms, stainless steel sink production fell rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.1% 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 +38.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, production attained the peak level of $X, and then declined remarkably in the following year.

Stainless Steel Sink Exports

Exports

In 2021, global stainless steel sink exports soared to X units, with an increase of 28% on the year before. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% 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 +71.6% against 2016 indices. 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. Overall, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.2% 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 +86.8% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. 67% of total exports in 2021. Vietnam (X units), Turkey (X units), Mexico (X units), Germany (X units), Greece (X units), Malaysia (X units) and Italy (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +5.8% from 2012 to 2021. At the same time, Vietnam (+84.3%), Malaysia (+24.8%), Mexico (+10.4%) and Greece (+3.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +84.3% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Italy (-1.3%) and Turkey (-1.6%) illustrated a downward trend over the same period. While the share of Vietnam (+4.2 p.p.), China (+3.6 p.p.) and Malaysia (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Italy (-1.5 p.p.), Germany (-2 p.p.) and Turkey (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest stainless steel sink supplier worldwide, comprising 60% of global exports. The second position in the ranking was taken by Germany ($X), with a 5% share of global exports. It was followed by Vietnam, with a 4.7% share.

In China, stainless steel sink exports increased at an average annual rate of +10.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-1.6% per year) and Vietnam (+82.0% per year).

Export Prices by Country

In 2021, the average stainless steel sink export price amounted to $X per unit, remaining stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2013 when the average export price increased by 9.2% against the previous year. The global export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.6%), while the other global leaders experienced more modest paces of growth.

Stainless Steel Sink Imports

Imports

In 2021, the amount of stainless steel sinks and wash basins imported worldwide skyrocketed to X units, rising by 18% on the previous year. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern 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.

In value terms, stainless steel sink imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X units), Vietnam (X units), the United States (X units), Indonesia (X units), Canada (X units), Russia (X units), the UK (X units), Australia (X units), France (X units), Germany (X units), Chile (X units) and Thailand (X units) represented roughly 49% of total imports in 2021. The Netherlands (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 leading importing countries, was attained by Vietnam (with a CAGR of +31.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported stainless steel sinks and wash basins worldwide, comprising 25% of global imports. The second position in the ranking was held by Vietnam ($X), with a 4.9% share of global imports. It was followed by the UK, with a 4.8% share.

In the United States, stainless steel sink imports increased at an average annual rate of +9.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+30.8% per year) and the UK (+1.9% per year).

Import Prices by Country

The average stainless steel sink import price stood at $X per unit in 2021, increasing by 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2020 an increase of 19%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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