Australia and Oceania: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Australia and Oceania

In 2022, after two years of growth, there was significant decline in the stainless steel sink market in Australia and Oceania, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Stainless Steel Sink Production in Australia and Oceania

In value terms, stainless steel sink production declined rapidly to $X in 2022 estimated in export price. In general, production, however, posted a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Stainless Steel Sink Exports

Exports in Australia and Oceania

In 2022, approx. X units of stainless steel sinks and wash basins were exported in Australia and Oceania; with an increase of X% on 2021. In general, exports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, stainless steel sink exports soared to $X in 2022. Over the period under review, exports posted modest growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Australia (X units) represented the key exporter of stainless steel sinks and wash basins, comprising X% of total exports. It was distantly followed by New Zealand (X units) and Fiji (X units), together mixing up a X% share of total exports. New Caledonia (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to stainless steel sink exports from Australia stood at X%. At the same time, New Caledonia (X%) and Fiji (X%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia and New Caledonia increased by X and X percentage points, respectively.

In value terms, Australia ($X) remains the largest stainless steel sink supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports. It was followed by Fiji, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and Fiji (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the export price figures.

Stainless Steel Sink Imports

Imports in Australia and Oceania

In 2022, the amount of stainless steel sinks and wash basins imported in Australia and Oceania dropped sharply to X units, shrinking by X% compared with 2021 figures. Over the period under review, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, stainless steel sink imports reduced to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Australia (X units) represented the largest importer of stainless steel sinks and wash basins, generating X% of total imports. It was distantly followed by New Zealand (X units), mixing up a X% share of total imports. Fiji (X units) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported stainless steel sinks and wash basins in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, increasing by X% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% 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 increased by X% against 2018 indices. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :