Europe: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Europe

In 2022, the Europe stainless steel sink market decreased by X% to $X, falling for the fifth year in a row after two years of growth. In general, consumption continues to indicate a deep slump. The pace of growth was the most pronounced in 2016 when the market value increased by X%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Stainless Steel Sink Production in Europe

In value terms, stainless steel sink production amounted to $X in 2022 estimated in export price. In general, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Stainless Steel Sink Exports

Exports in Europe

In 2022, shipments abroad of stainless steel sinks and wash basins increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel sink exports fell to $X in 2022. In general, exports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus (X units) and Switzerland (X units) represented roughly X% of total exports in 2022. It was distantly followed by Germany (X units), Italy (X units), Greece (X units), the UK (X units) and Russia (X units), together comprising a X% share of total exports. Belgium (X units), the Netherlands (X units), Spain (X units), Poland (X units), Portugal (X units) and Serbia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Germany ($X), Italy ($X) and Greece ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Netherlands, Switzerland, Spain, Poland, Portugal, Belgium, the UK, Belarus, Serbia and Russia lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Stainless Steel Sink Imports

Imports in Europe

Stainless steel sink imports reduced to X units in 2022, which is down by X% compared with the previous year's figure. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, stainless steel sink imports reduced to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Belgium (X units), the UK (X units) and Russia (X units) represented roughly X% of total imports in 2022. It was distantly followed by Italy (X units), committing a X% share of total imports. Germany (X units), Belarus (X units), Norway (X units), France (X units), Ukraine (X units), the Netherlands (X units) and Switzerland (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel sink importing markets in Europe were Germany ($X), the UK ($X) and France ($X), with a combined X% share of total imports. The Netherlands, Russia, Belgium, Italy, Switzerland, Norway, Belarus and Ukraine lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 Europe amounted to $X per unit, leveling off at the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then declined in the following year.

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 Germany ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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