Report Update: May 1, 2024

United Kingdom - Table, Kitchen Or Household Articles And Parts Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Stainless Steel Household Articles in the UK - 2023

Price for Stainless Steel Household Articles in the UK (CIF) - 2023

In June 2023, the average stainless steel household articles import price amounted to $4.9 per unit, declining by -3.7% against the previous month. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 14% month-to-month. As a result, import price reached the peak level of $6.6 per unit. From November 2022 to June 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was China ($4.7 per unit), while the price for India totaled $3.9 per unit.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-2.1%).

Price for Stainless Steel Household Articles in the UK (FOB) - 2022

The average stainless steel household articles export price stood at $5.5 per unit in 2022, declining by -5.8% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel household articles export price decreased by -28.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 20%. Over the period under review, the average export prices reached the maximum at $7.6 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($23 per unit), while the average price for exports to Kenya ($0.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Household Articles in the UK

In 2022, imports of table, kitchen or household articles and parts of stainless steel into the UK contracted rapidly to 49M units, waning by -16.1% on 2021. Overall, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, imports reached the peak of 58M units, and then reduced markedly in the following year.

In value terms, stainless steel household articles imports declined modestly to $272M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $279M, and then declined in the following year.

Import of Stainless Steel Household Articles in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	157	152	195	205	9.3%
India	17.2	13.8	22.0	23.9	11.6%
Taiwan (Chinese)	4.8	3.5	8.5	4.2	-4.4%
Germany	12.3	16.7	10.2	2.1	-44.5%
Others	37.1	43.5	43.5	36.2	-0.8%
Total	228	229	279	272	6.1%

Top Suppliers of Stainless Steel Household Articles to the UK in 2022:

China (37.8M units)
India (4.7M units)
Taiwan (Chinese) (0.7M units)
Germany (0.3M units)

Exports of Stainless Steel Household Articles in the UK

In 2022, shipments abroad of table, kitchen or household articles and parts of stainless steel decreased by -3.9% to 6.7M units, falling for the second year in a row after two years of growth. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 0.9% against the previous year. As a result, the exports attained the peak of 8.4M units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, stainless steel household articles exports contracted to $37M in 2022. Overall, exports faced a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 16%. As a result, the exports reached the peak of $64M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Stainless Steel Household Articles in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ireland	16.0	17.8	12.8	9.0	-17.5%
Netherlands	2.9	3.2	6.7	3.6	7.5%
United States	1.7	1.8	1.6	2.7	16.7%
France	6.5	7.3	2.4	2.3	-29.3%
Germany	7.0	9.2	2.5	1.7	-37.6%
Belgium	1.5	1.5	1.1	1.6	2.2%
Denmark	1.1	3.3	1.9	1.4	8.4%
United Arab Emirates	0.7	0.4	0.5	1.1	16.3%
Italy	2.1	2.7	1.0	0.8	-27.5%
Poland	2.4	2.7	0.7	0.8	-30.7%
Kenya	0.1	0.1	0.1	0.7	91.3%
Spain	2.5	3.5	0.7	0.6	-37.9%
Others	10.1	10.1	8.5	10.2	0.3%
Total	54.7	63.5	40.4	36.6	-12.5%

Top Export Markets for Stainless Steel Household Articles from the UK in 2022:

Ireland (2613.9K units)
Kenya (849.1K units)
Netherlands (499.5K units)
United States (412.5K units)
United Arab Emirates (245.4K units)
France (222.7K units)
Denmark (189.9K units)
Belgium (184.9K units)
Germany (182.6K units)
Spain (107.1K units)
Poland (69.0K units)
Italy (33.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for stainless steel household articles in the UK. 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 25991225 - Table, kitchen or household articles and parts thereof of stainless steel (excluding cutlery)

Country coverage:

United Kingdom

Data coverage:

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