Eastern Europe: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Eastern Europe

The East European stainless steel sink market dropped to $X in 2022, waning by X% against the previous year. In general, consumption showed a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Stainless Steel Sink Production in Eastern Europe

In value terms, stainless steel sink production fell modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt slump. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Stainless Steel Sink Exports

Exports in Eastern Europe

After two years of decline, shipments abroad of stainless steel sinks and wash basins increased by X% to X units in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, stainless steel sink exports shrank to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, Belarus (X units) was the major exporter of stainless steel sinks and wash basins, mixing up X% of total exports. It was distantly followed by Russia (X units) and Poland (X units), together comprising a X% share of total exports. Ukraine (X units), the Czech Republic (X units) and Bulgaria (X units) followed a long way behind the leaders.

Belarus was also the fastest-growing in terms of the stainless steel sinks and wash basins exports, with a CAGR of X% from 2012 to 2022. At the same time, Ukraine (X%), Bulgaria (X%) and Russia (X%) displayed positive paces of growth. By contrast, Poland (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Belarus (X p.p.), Russia (X p.p.) and Ukraine (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (X p.p.) and Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest stainless steel sink supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Poland totaled X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, waning by X% against the previous year. Overall, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per unit in 2021, and then declined sharply in the following year.

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

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

Stainless Steel Sink Imports

Imports in Eastern Europe

In 2022, supplies from abroad of stainless steel sinks and wash basins decreased by X% to X units, falling for the third year in a row after two years of growth. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, stainless steel sink imports reduced to $X in 2022. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X units) was the key importer of stainless steel sinks and wash basins, generating X% of total imports. It was distantly followed by Belarus (X units) and Ukraine (X units), together committing a X% share of total imports. The following importers - Poland (X units), the Czech Republic (X units) and Romania (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to stainless steel sink imports into Russia stood at X%. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%), Poland (X%), the Czech Republic (X%) and Romania (X%) illustrated a downward trend over the same period. Russia (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total imports, while Ukraine, the Czech Republic, Romania and Poland saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest stainless steel sink importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined X% share of total imports.

Among the main importing countries, Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, rising by X% against the previous year. Overall, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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