Report Update: Apr 1, 2024

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

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Stainless Steel Sink Price in South Africa - 2023

Stainless Steel Sink Price in South Africa (CIF) - 2023

The average stainless steel sink import price stood at $48.4 per unit in September 2023, falling by -5.5% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 54% m-o-m. Over the period under review, average import prices attained the maximum at $70.8 per unit in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Spain ($300 per unit), while the price for China ($22.1 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Stainless Steel Sink Price in South Africa (FOB) - 2023

In September 2023, the average stainless steel sink export price amounted to $62.0 per unit, growing by 34% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 69% against the previous month. The export price peaked at $68.1 per unit in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Zimbabwe ($78.8 per unit), while the average price for exports to Mauritius ($25.8 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Sink Imports in South Africa

For the third consecutive year, South Africa recorded decline in overseas purchases of stainless steel sinks and wash basins, which decreased by -44.5% to 77K units in 2022. Over the period under review, imports recorded a dramatic decline. The smallest decline of -1.3% was in 2021. Over the period under review, imports hit record highs at 169K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, stainless steel sink imports fell markedly to $4.1M in 2022. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of $5.4M, and then reduced notably in the following year.

Import of Stainless Steel Sink in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,460	1,701	1,942	1,077	-9.6%
Italy	674	551	632	710	1.7%
Turkey	1,070	834	970	555	-19.7%
Spain	477	206	318	421	-4.1%
Germany	493	308	418	392	-7.4%
Greece	291	312	436	189	-13.4%
Netherlands	167	132	154	122	-9.9%
India	76.6	66.4	0.6	114	14.2%
Others	603	373	514	490	-6.7%
Total	5,312	4,483	5,386	4,070	-8.5%

Top Suppliers of Stainless Steel Sink to South Africa in 2022:

China (42.5K units)
Turkey (9.0K units)
Italy (6.5K units)
Spain (3.7K units)
Germany (3.5K units)
India (2.3K units)
Netherlands (2.0K units)
Greece (2.0K units)

Stainless Steel Sink Exports in South Africa

In 2022, shipments abroad of stainless steel sinks and wash basins decreased by -11.6% to 92K units, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of 104K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, stainless steel sink exports declined to $4.4M in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 22%. As a result, the exports attained the peak of $5.1M, and then dropped in the following year.

Export of Stainless Steel Sink in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Namibia	653	898	1,235	1,161	21.1%
Zimbabwe	493	471	639	855	20.1%
Botswana	917	1,011	823	657	-10.5%
Zambia	463	402	472	507	3.1%
Swaziland	306	352	394	352	4.8%
Mozambique	309	462	600	274	-3.9%
Malawi	253	142	116	133	-19.3%
Lesotho	131	79.6	138	115	-4.2%
Others	511	351	653	391	-8.5%
Total	4,036	4,168	5,069	4,445	3.3%

Top Export Markets for Stainless Steel Sink from South Africa in 2022:

Namibia (17.4K units)
Zimbabwe (15.3K units)
Swaziland (15.1K units)
Botswana (13.6K units)
Zambia (8.4K units)
Lesotho (7.1K units)
Mozambique (3.8K units)
Malawi (3.2K units)

Source: IndexBox Market Intelligence Platform

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

South Africa

Data coverage:

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