Brazil: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Brazil

In 2022, the Brazilian stainless steel sink market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a pronounced decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Stainless Steel Sink Production in Brazil

In value terms, stainless steel sink production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Stainless steel sink production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Stainless Steel Sink Exports

Exports from Brazil

In 2022, after two years of growth, there was significant decline in overseas shipments of stainless steel sinks and wash basins, when their volume decreased by X% to X units. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then reduced remarkably in the following year.

In value terms, stainless steel sink exports fell notably to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Argentina (X units), Paraguay (X units) and Bolivia (X units) were the main destinations of stainless steel sink exports from Brazil, with a combined X% share of total exports. Ecuador, Uruguay, Colombia, Peru, Mexico and Chile lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stainless steel sink exported from Brazil were Bolivia ($X), Paraguay ($X) and Ecuador ($X), together accounting for X% of total exports.

Paraguay, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stainless steel sink export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Bolivia ($X per unit), while the average price for exports to Argentina ($X 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 Paraguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Sink Imports

Imports into Brazil

In 2022, stainless steel sink imports into Brazil skyrocketed to X units, picking up by X% on the previous year. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, stainless steel sink imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest stainless steel sink supplier to Brazil, with a X% share of total imports. Moreover, stainless steel sink imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), tenfold. The third position in this ranking was taken by Portugal (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Portugal (X% per year).

In value terms, China ($X) constituted the largest supplier of stainless steel sinks and wash basins to Brazil, comprising X% of total imports. The second position in the ranking was taken by Portugal ($X), with an X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average stainless steel sink import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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