Sri Lanka - Stainless Steel Sinks And Wash Basins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStainless Steel Sink Price in Sri Lanka - 2021
Contents:
- Stainless Steel Sink Price in Sri Lanka (CIF) - 2022
- Stainless Steel Sink Price in Sri Lanka (FOB) - 2022
- Stainless Steel Sink Imports in Sri Lanka
- Stainless Steel Sink Exports in Sri Lanka
Stainless Steel Sink Price in Sri Lanka (CIF) - 2022
The average stainless steel sink import price stood at $42 per unit in 2022, increasing by 1.8% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel sink import price decreased by -37.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 39%. Over the period under review, average import prices hit record highs at $66 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($100 per unit), while the price for Japan ($9.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Sink Price in Sri Lanka (FOB) - 2022
The average stainless steel sink export price stood at $161 per unit in 2022, with an increase of 65% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($1,375 per unit), while the average price for exports to Maldives ($67 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 India (+26.3%), while the prices for the other major destinations experienced mixed trend patterns.
Stainless Steel Sink Imports in Sri Lanka
In 2022, after three years of growth, there was significant decline in overseas purchases of stainless steel sinks and wash basins, when their volume decreased by -81.9% to 22K units. Overall, imports faced a dramatic curtailment. The growth pace was the most rapid in 2021 when imports increased by 64%. As a result, imports reached the peak of 119K units, and then reduced sharply in the following year.
In value terms, stainless steel sink imports dropped notably to $895K in 2022. Over the period under review, imports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year. Imports peaked at $4.9M in 2021, and then declined markedly in the following year.
Import of Stainless Steel Sink in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,302 | 2,125 | 2,505 | 499 | -27.4% |
India | 755 | 1,910 | 1,585 | 179 | -38.1% |
Netherlands | 37.6 | 48.8 | 54.0 | 50.2 | 10.1% |
Thailand | 13.3 | 25.5 | 129 | 46.8 | 52.1% |
Others | 471 | 690 | 589 | 120 | -36.6% |
Total | 2,579 | 4,800 | 4,862 | 895 | -29.7% |
Top Suppliers of Stainless Steel Sink to Sri Lanka in 2022:
- China (16.1K units)
- India (3.4K units)
- Thailand (0.6K units)
- Netherlands (0.5K units)
Stainless Steel Sink Exports in Sri Lanka
In 2022, approx. 535 units of stainless steel sinks and wash basins were exported from Sri Lanka; picking up by 80% on 2021 figures. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,048% against the previous year. As a result, the exports reached the peak of 712 units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, stainless steel sink exports skyrocketed to $86K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 885%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
Export of Stainless Steel Sink in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bangladesh | 3.2 | 42.1 | 21.8 | 57.4 | 161.8% |
Italy | N/A | N/A | N/A | 15.6 | 0% |
Maldives | 0.8 | 7.7 | 2.4 | 11.1 | 140.3% |
Seychelles | 0.3 | 3.0 | 1.2 | N/A | 100.0% |
Others | 1.8 | 7.4 | 3.7 | 1.9 | 1.8% |
Total | 6.1 | 60.2 | 29.1 | 86.0 | 141.6% |
Top Export Markets for Stainless Steel Sink from Sri Lanka in 2022:
- Bangladesh (358.0 units)
- Maldives (165.0 units)
- Italy (11.0 units)
This report provides an in-depth analysis of the stainless steel sink market in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the stainless steel sink market in Sri Lanka.
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This report provides an in-depth analysis of the global stainless steel sink market.
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This report provides an in-depth analysis of the stainless steel sink market in Sri Lanka.
This report provides an in-depth analysis of the metal bath market in Sri Lanka.
This report provides an in-depth analysis of the market for iron or steel sanitary ware in Sri Lanka.
This report provides an in-depth analysis of the global stainless steel sink market.
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