Report Update: Apr 1, 2024

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

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Stainless Steel Sink Price in India - 2023

Stainless Steel Sink Price in India (CIF) - 2023

In September 2023, the average stainless steel sink import price amounted to $101 per unit, approximately mirroring the previous month. Overall, the import price posted strong growth. The pace of growth was the most pronounced in April 2023 when the average import price increased by 640% against the previous month. The import price peaked at $101 per unit in July 2023; afterwards, it flattened through to September 2023.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($101 per unit), while the price for China stood at $101 per unit.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+18.3%).

Stainless Steel Sink Price in India (FOB) - 2022

In 2022, the average stainless steel sink export price amounted to $70 per unit, increasing by 18% against the previous year. Over the period under review, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 61%. The export price peaked at $91 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($106 per unit), while the average price for exports to Sri Lanka ($25 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 Saudi Arabia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Sink Imports in India

In 2022, approx. 187K units of stainless steel sinks and wash basins were imported into India; picking up by 2.2% compared with the previous year. Over the period under review, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 96% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, stainless steel sink imports expanded sharply to $13M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Stainless Steel Sink in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	9.2	6.5	9.9	11.4	7.4%
Hong Kong SAR	0.2	0.1	0.5	0.4	26.0%
Italy	0.2	N/A	0.2	0.3	14.5%
United Arab Emirates	0.1	0.5	0.7	0.1	0.0%
Others	0.5	0.2	0.4	0.5	0.0%
Total	10.2	7.4	11.7	12.7	7.6%

Top Suppliers of Stainless Steel Sink to India in 2022:

China (167.5K units)
Hong Kong SAR (8.5K units)
Italy (4.3K units)
United Arab Emirates (1.2K units)

Stainless Steel Sink Exports in India

After three years of growth, overseas shipments of stainless steel sinks and wash basins decreased by -15.7% to 90K units in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 85%. As a result, the exports reached the peak of 107K units, and then dropped sharply in the following year.

In value terms, stainless steel sink exports dropped modestly to $6.3M in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 46%. As a result, the exports attained the peak of $6.4M, leveling off in the following year.

Export of Stainless Steel Sink in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,242	1,265	1,342	2,063	18.4%
Germany	93.4	168	944	1,460	150.0%
Nepal	559	640	900	693	7.4%
Bhutan	110	182	227	248	31.1%
China	0.8	52.8	375	244	573.1%
Sri Lanka	328	731	580	235	-10.5%
Saudi Arabia	67.4	106	153	215	47.2%
United Kingdom	128	139	245	155	6.6%
Canada	N/A	0.4	27.6	145	1803.9%
South Africa	86.4	74.8	8.0	132	15.2%
United Arab Emirates	48.0	446	955	37.0	-8.3%
Others	514	567	630	719	11.8%
Total	3,177	4,372	6,388	6,347	25.9%

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

United States (19.5K units)
Germany (15.9K units)
Nepal (15.8K units)
Sri Lanka (9.3K units)
South Africa (5.1K units)
Canada (3.6K units)
Saudi Arabia (3.4K units)
Bhutan (3.1K units)
China (2.6K units)
United Kingdom (1.3K units)
United Arab Emirates (0.5K units)

Source: IndexBox Market Intelligence Platform

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

India

Data coverage:

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