Report Update: May 1, 2024

U.S. - 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 United States - 2023

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

In August 2023, the average stainless steel household articles import price amounted to $2.6 per unit, dropping by -7.3% against the previous month. Overall, the import price recorded a mild shrinkage. The growth pace was the most rapid in December 2022 an increase of 7.5% m-o-m. The import price peaked at $3.1 per unit in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was China ($2.5 per unit), while the price for India amounted to $1.8 per unit.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (-1.5%).

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

In 2022, the average stainless steel household articles export price amounted to $30 per unit, increasing by 54% against the previous year. Overall, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($105 per unit), while the average price for exports to the Netherlands ($13 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 South Korea (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Household Articles in the United States

After three years of growth, overseas purchases of table, kitchen or household articles and parts of stainless steel decreased by -5.4% to 711M units in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. Over the period under review, imports attained the maximum at 751M units in 2021, and then contracted in the following year.

In value terms, stainless steel household articles imports fell to $2.3B in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. As a result, imports reached the peak of $2.6B, and then fell in the following year.

Import of Stainless Steel Household Articles in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,597	1,609	2,136	1,823	4.5%
India	161	135	188	192	6.0%
Others	169	171	226	237	11.9%
Total	1,927	1,915	2,550	2,252	5.3%

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

China (602.6M units)
India (87.4M units)

Exports of Stainless Steel Household Articles in the United States

In 2022, approx. 5.9M units of table, kitchen or household articles and parts of stainless steel were exported from the United States; which is down by -30.9% against 2021 figures. Over the period under review, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 3.9% against the previous year. The exports peaked at 13M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel household articles exports expanded rapidly to $176M in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Export of Stainless Steel Household Articles in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	79.7	71.6	75.5	78.3	-0.6%
Mexico	12.2	10.8	15.2	20.2	18.3%
South Korea	9.3	12.9	15.8	19.7	28.4%
Australia	4.8	4.1	5.6	6.3	9.5%
United Kingdom	4.9	5.0	5.8	4.5	-2.8%
Japan	5.3	3.8	3.9	4.4	-6.0%
Colombia	2.3	1.6	0.7	2.2	-1.5%
Netherlands	1.0	1.2	1.4	1.6	17.0%
China	7.6	2.5	0.7	1.6	-40.5%
Others	37.5	27.3	41.1	37.8	0.3%
Total	165	141	166	176	2.2%

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

Canada (3013.1K units)
Mexico (728.0K units)
South Korea (188.3K units)
Australia (180.8K units)
Japan (128.6K units)
Netherlands (124.5K units)
United Kingdom (111.5K units)
Colombia (105.3K units)
China (56.6K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for stainless steel household articles in the U.S.. 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 States

Data coverage:

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