Report Update: Apr 1, 2024

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

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Stainless Steel Sink Price in Ireland - 2023

Stainless Steel Sink Price in Ireland (CIF) - 2023

In August 2023, the average stainless steel sink import price amounted to $132 per unit, with an increase of 26% against the previous month. Overall, import price indicated a slight increase from August 2022 to August 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, stainless steel sink import price increased by +26.4% against July 2023 indices. The pace of growth was the most pronounced in February 2023 when the average import price increased by 163% against the previous month. Over the period under review, average import prices reached the peak figure at $140 per unit in May 2023; however, from June 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Spain ($143 per unit), while the price for Egypt ($14.4 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 Turkey (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Stainless Steel Sink Price in Ireland (FOB) - 2022

In 2022, the average stainless steel sink export price amounted to $134 per unit, remaining constant against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 332% against the previous year. As a result, the export price attained the peak level of $148 per unit. From 2014 to 2022, the average export prices failed to regain momentum.

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 the United States ($286 per unit), while the average price for exports to the UK amounted to $128 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.1%).

Stainless Steel Sink Imports in Ireland

In 2022, overseas purchases of stainless steel sinks and wash basins decreased by 0% to 60K units, falling for the second consecutive year after two years of growth. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 33%. As a result, imports reached the peak of 69K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stainless steel sink imports stood at $6.1M in 2022. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 21%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Stainless Steel Sink in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,196	909	N/A	2,398	26.1%
United Kingdom	1,995	2,945	N/A	2,276	4.5%
Greece	192	153	N/A	554	42.4%
Spain	25.2	77.3	N/A	336	137.1%
Turkey	17.2	31.6	N/A	144	103.1%
Germany	318	397	N/A	77.3	-37.6%
Others	65.4	116	N/A	291	64.5%
Total	3,810	4,627	N/A	6,076	16.8%

Top Suppliers of Stainless Steel Sink to Ireland in 2022:

United Kingdom (23.8K units)
China (23.6K units)
Greece (5.5K units)
Turkey (2.7K units)
Spain (1.8K units)
Germany (0.9K units)

Stainless Steel Sink Exports in Ireland

In 2022, the amount of stainless steel sinks and wash basins exported from Ireland stood at 2.7K units, remaining constant against the previous year's figure. Over the period under review, exports faced a sharp curtailment. The smallest decline of -54% was in 2020. Over the period under review, the exports hit record highs at 6.1K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel sink exports totaled $364K in 2022. In general, exports saw a buoyant increase. The smallest decline of -12.1% was in 2020. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Export of Stainless Steel Sink in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	205	186	N/A	331	17.3%
United States	N/A	N/A	N/A	28.7	0%
Others	8.1	0.6	N/A	4.1	-20.3%
Total	213	187	N/A	364	19.6%

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

United Kingdom (2590.0 units)
United States (100.0 units)

Source: IndexBox Market Intelligence Platform

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

Ireland

Data coverage:

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