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China - Stainless Steel Sinks And Wash Basins - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

China - Stainless Steel Sinks And Wash Basins - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: May 19, 2023

Stainless Steel Sink Export in China Grows Remarkably to $109M in March 2023

China Stainless Steel Sink Exports

In March 2023, the amount of stainless steel sinks and wash basins exported from China soared to 1.5M units, increasing by 146% against February 2023. Over the period under review, total exports indicated mild growth from March 2022 to March 2023: its volume increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, exports decreased by -10.0% against January 2023 indices. The exports peaked at 1.7M units in June 2022; however, from July 2022 to March 2023, the exports remained at a lower figure.

In value terms, stainless steel sink exports skyrocketed to $109M (IndexBox estimates) in March 2023. In general, total exports indicated a perceptible expansion from March 2022 to March 2023: its value increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, exports increased by +160.9% against February 2023 indices. The exports peaked at 117M units in April 2022; however, from May 2022 to March 2023, the exports remained at a lower figure.

COUNTRYExport Value of Stainless Steel Sink in China (million USD)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
United States23.629.428.328.627.622.732.029.620.423.419.48.726.1
Malaysia6.59.37.69.49.28.77.88.17.99.37.32.59.5
Vietnam7.19.88.410.78.87.19.08.46.97.04.15.08.0
Thailand2.25.15.04.04.73.74.13.04.34.73.61.37.1
Philippines2.74.14.85.14.35.02.93.75.25.05.12.14.3
Australia3.37.25.03.96.23.45.44.37.03.34.81.53.6
India1.55.04.65.05.73.53.74.75.94.54.11.43.6
Indonesia2.52.12.32.92.62.02.72.22.42.42.60.73.3
Singapore1.02.51.52.03.33.12.34.42.32.53.20.72.6
Canada2.85.65.13.93.65.33.02.04.03.94.61.02.4
Russia0.51.61.01.01.42.52.31.41.71.92.52.02.1
Saudi Arabia1.02.32.72.01.51.81.92.71.62.42.70.51.5
Nigeria0.90.81.21.31.60.70.91.21.11.21.70.71.3
Others23.431.937.235.932.032.334.336.738.444.039.713.634.0
Total78.911711511611310211211210911510541.9109

Exports by Country

The United States (262K units) was the main destination for stainless steel sink exports from China, with a 17% share of total exports. Moreover, stainless steel sink exports to the United States exceeded the volume sent to the second major destination, Malaysia (128K units), twofold. The third position in this ranking was taken by Vietnam (112K units), with a 7.4% share.

From March 2022 to March 2023, the average monthly growth rate of volume to the United States amounted to -1.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Malaysia (+1.9% per month) and Vietnam (-0.4% per month).

In value terms, the United States ($26M) remains the key foreign market for stainless steel sink exports from China, comprising 24% of total exports. The second position in the ranking was held by Malaysia ($9.5M), with an 8.7% share of total exports. It was followed by Vietnam, with a 7.3% share.

From March 2022 to March 2023, the average monthly growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Malaysia (+3.3% per month) and Vietnam (+1.0% per month).

Export Prices by Country

In March 2023, the stainless steel sink price stood at $72.8 per unit (FOB, China), with an increase of 6.2% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in September 2022 an increase of 14% against the previous month. Over the period under review, the average export prices reached the peak figure at $80.1 per unit in October 2022; however, from November 2022 to March 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In March 2023, the country with the highest price was the United States ($99.7 per unit), while the average price for exports to Nigeria ($42.6 per unit) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stainless steel sink market in China. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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