Report Update: May 1, 2024

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

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Stainless Steel Sink Price in Finland - 2023

Stainless Steel Sink Price in Finland (CIF) - 2023

The average stainless steel sink import price stood at $118 per unit in August 2023, with a decrease of -5% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 42% m-o-m. As a result, import price reached the peak level of $169 per unit. From January 2023 to August 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($426 per unit), while the price for Slovenia ($57.7 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Stainless Steel Sink Price in Finland (FOB) - 2023

In August 2023, the average stainless steel sink export price amounted to $194 per unit, stabilizing at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 13% month-to-month. The export price peaked at $195 per unit in July 2023, and then contracted slightly in the following month.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Norway ($225 per unit), while the average price for exports to the Netherlands ($126 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Sink Imports in Finland

In 2022, stainless steel sink imports into Finland reduced to 48K units, dropping by -14.2% against the previous year. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 5.6% against the previous year. Imports peaked at 57K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, stainless steel sink imports dropped to $5.5M in 2022. In general, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 6.4% against the previous year. Imports peaked at $6.3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Stainless Steel Sink in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,317	1,960	1,880	1,368	-16.1%
Turkey	418	602	1,007	941	31.1%
Germany	1,474	1,604	804	603	-25.8%
Sweden	240	346	425	457	23.9%
Poland	192	46.6	268	455	33.3%
Slovenia	412	238	502	394	-1.5%
Italy	394	299	284	389	-0.4%
Greece	156	129	217	149	-1.5%
Others	671	640	855	774	4.9%
Total	6,273	5,864	6,242	5,532	-4.1%

Top Suppliers of Stainless Steel Sink to Finland in 2022:

China (13.8K units)
Turkey (9.0K units)
Germany (4.5K units)
Sweden (4.2K units)
Slovenia (4.0K units)
Poland (3.6K units)
Italy (2.3K units)
Greece (1.7K units)

Stainless Steel Sink Exports in Finland

In 2022, overseas shipments of stainless steel sinks and wash basins decreased by -3.3% to 35K units, falling for the second consecutive year after two years of growth. In general, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of 2.1% against the previous year. As a result, the exports reached the peak of 40K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, stainless steel sink exports fell to $5.7M in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 5.3% against the previous year. As a result, the exports reached the peak of $5.8M, and then dropped in the following year.

Export of Stainless Steel Sink in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	2,846	2,996	3,333	3,476	6.9%
Germany	962	1,020	1,097	822	-5.1%
Norway	383	347	386	555	13.2%
Estonia	450	452	426	279	-14.7%
Denmark	484	344	192	211	-24.2%
Netherlands	95.6	61.0	66.3	65.8	-11.7%
Others	262	257	268	253	-1.2%
Total	5,482	5,477	5,768	5,664	1.1%

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

Sweden (18.3K units)
Germany (7.1K units)
Norway (4.3K units)
Denmark (1.8K units)
Estonia (1.4K units)
Netherlands (0.6K units)

Source: IndexBox Market Intelligence Platform

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

Finland

Data coverage:

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