U.S. - Stainless Steel Sinks And Wash Basins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStainless Steel Sink Price in the United States - 2023
Contents:
- Stainless Steel Sink Price in the United States (CIF) - 2023
- Stainless Steel Sink Price in the United States (FOB) - 2023
- Stainless Steel Sink Imports in the United States
- Stainless Steel Sink Exports in the United States
Stainless Steel Sink Price in the United States (CIF) - 2023
The average stainless steel sink import price stood at $51.2 per unit in September 2023, jumping by 17% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $59.1 per unit in April 2023; however, from May 2023 to September 2023, import prices remained at a 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 Mexico ($104 per unit), while the price for Malaysia ($23.2 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 Mexico (+1.3%), while the prices for the other major suppliers experienced a decline.
Stainless Steel Sink Price in the United States (FOB) - 2023
The average stainless steel sink export price stood at $212 per unit in September 2023, remaining relatively unchanged against the previous month. Overall, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in April 2023 an increase of 44% m-o-m. The export price peaked at $257 per unit in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($396 per unit), while the average price for exports to Canada ($183 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 South Korea (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Sink Imports in the United States
Stainless steel sink imports into the United States stood at 8.5M units in 2022, standing approx. at the year before. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, stainless steel sink imports surged to $461M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +62.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Stainless Steel Sink in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 129 | 114 | 156 | 172 | 10.1% |
Vietnam | 46.2 | 68.4 | 84.4 | 121 | 37.8% |
Mexico | 42.8 | 51.1 | 72.6 | 68.6 | 17.0% |
Malaysia | 22.5 | 25.3 | 28.2 | 38.7 | 19.8% |
Thailand | 13.7 | 16.4 | 23.1 | 25.9 | 23.6% |
Turkey | 4.5 | 4.4 | 5.8 | 6.1 | 10.7% |
Others | 25.1 | 26.8 | 29.1 | 28.7 | 4.6% |
Total | 284 | 306 | 400 | 461 | 17.5% |
Top Suppliers of Stainless Steel Sink to the United States in 2022:
- China (2.6M units)
- Vietnam (2.5M units)
- Malaysia (1.4M units)
- Mexico (0.7M units)
- Thailand (0.7M units)
- Turkey (0.1M units)
Stainless Steel Sink Exports in the United States
In 2022, shipments abroad of stainless steel sinks and wash basins increased by 212% to 921K units for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, stainless steel sink exports soared to $109M in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Stainless Steel Sink in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 22.0 | 20.3 | 13.7 | 82.8 | 55.5% |
Canada | 13.0 | 13.4 | 17.2 | 17.9 | 11.3% |
Others | 6.7 | 5.2 | 7.2 | 8.0 | 6.1% |
Total | 41.7 | 38.9 | 38.0 | 109 | 37.8% |
Top Export Markets for Stainless Steel Sink from the United States in 2022:
- Mexico (773.6K units)
- Canada (105.0K units)
This report provides an in-depth analysis of the stainless steel sink market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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 the U.S..
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This report provides an in-depth analysis of the stainless steel sink market in the U.S..
This report provides an in-depth analysis of the metal bath market in the U.S..
This report provides an in-depth analysis of the market for iron or steel sanitary ware in the U.S..
This report provides an in-depth analysis of the global stainless steel sink market.
Imports of Stainless Steel Sinks reached a significant value of $28M in May 2023.
In value terms, metal bath imports rose sharply to $2.3M in May 2023.
Imports of Stainless Steel Sinks reached a significant value of $28M in May 2023.
In value terms, metal bath imports rose sharply to $2.3M in May 2023.