Report Update: May 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Stainless Steel Sink Price in Ecuador - 2022

Stainless Steel Sink Price in Ecuador (CIF) - 2022

The average stainless steel sink import price stood at $71.7 per unit in January 2022, with an increase of 48% against the previous month. In general, import price indicated temperate growth from January 2021 to January 2022: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, stainless steel sink import price decreased by -1.5% against November 2021 indices. The pace of growth appeared the most rapid in March 2021 an increase of 79% against the previous month. The import price peaked at $72.8 per unit in November 2021; however, from December 2021 to January 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($99.9 per unit), while the price for China ($55.1 per unit) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Stainless Steel Sink Price in Ecuador (FOB) - 2022

In 2022, the average stainless steel sink export price amounted to $65 per unit, with a decrease of -53.6% against the previous year. In general, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 124% against the previous year. As a result, the export price attained the peak level of $141 per unit, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($89 per unit), while the average price for exports to Guatemala ($24 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 Canada (+60.0%), while the prices for the other major destinations experienced mixed trend patterns.

Stainless Steel Sink Imports in Ecuador

Stainless steel sink imports into Ecuador contracted notably to 113K units in 2022, which is down by -24.1% compared with the previous year. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. As a result, imports attained the peak of 148K units, and then shrank markedly in the following year.

In value terms, stainless steel sink imports dropped markedly to $6.2M in 2022. Overall, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 112% against the previous year. As a result, imports attained the peak of $8.5M, and then shrank sharply in the following year.

Import of Stainless Steel Sink in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,112	1,306	3,082	2,875	37.2%
Brazil	1,270	831	1,325	1,144	-3.4%
Spain	1,058	664	1,688	857	-6.8%
Mexico	311	274	257	207	-12.7%
Hong Kong SAR	55.2	59.5	55.5	29.5	-18.8%
Others	1,258	862	2,065	1,120	-3.8%
Total	5,064	3,996	8,471	6,233	7.2%

Top Suppliers of Stainless Steel Sink to Ecuador in 2022:

China (57.2K units)
Brazil (22.7K units)
Spain (11.3K units)
Mexico (4.7K units)
Hong Kong SAR (1.3K units)

Stainless Steel Sink Exports in Ecuador

In 2022, the amount of stainless steel sinks and wash basins exported from Ecuador soared to 116 units, rising by 76% compared with the year before. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 447%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, stainless steel sink exports fell significantly to $7.6K in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 639% against the previous year. The exports peaked at $9.3K in 2021, and then reduced remarkably in the following year.

Export of Stainless Steel Sink in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	0.1	4.3	1.4	6.8	308.2%
Chile	0.4	0.8	0.1	0.4	0.0%
Venezuela	0.2	0.4	0.1	0.2	0.0%
Guatemala	0.1	0.2	N/A	0.1	0.0%
Panama	N/A	N/A	7.7	N/A	0%
Bolivia	N/A	N/A	N/A	N/A	0%
Others	N/A	0.1	N/A	0.1	0.0%
Total	0.8	5.8	9.3	7.6	111.8%

Top Export Markets for Stainless Steel Sink from Ecuador in 2022:

Peru (93.0 units)
Chile (16.0 units)
Guatemala (4.0 units)
Venezuela (3.0 units)

Source: IndexBox Market Intelligence Platform

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

Ecuador

Data coverage:

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