Italy: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Italy

The Italian stainless steel sink market reduced to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Stainless Steel Sink Production in Italy

In value terms, stainless steel sink production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt descent. The growth pace was the most rapid in 2021 when the production volume increased by X%. Stainless steel sink production peaked at $X in 2012; however, from 2013 to 2022, production 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 from Italy

In 2022, shipments abroad of stainless steel sinks and wash basins decreased by X% to X units, falling for the fifth year in a row after two years of growth. In general, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, stainless steel sink exports reduced to $X in 2022. Over the period under review, exports recorded a slight contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), France (X units) and Spain (X units) were the main destinations of stainless steel sink exports from Italy, together accounting for X% of total exports. Greece, the Netherlands, the UK, the United Arab Emirates, Switzerland, Slovenia, Poland, the United States, Portugal and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Germany ($X), France ($X) and Spain ($X) constituted the largest markets for stainless steel sink exported from Italy worldwide, together accounting for X% of total exports. The Netherlands, the UK, the United States, Greece, the United Arab Emirates, South Korea, Switzerland, Poland, Portugal and Slovenia lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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, rising by X% against the previous year. Over the period under review, the export price saw significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Slovenia ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Sink Imports

Imports into Italy

In 2022, overseas purchases of stainless steel sinks and wash basins increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw a moderate expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, stainless steel sink imports dropped slightly to $X in 2022. Overall, total imports indicated a temperate increase 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

China (X units), Turkey (X units) and Germany (X units) were the main suppliers of stainless steel sink imports to Italy, with a combined X% share of total imports.

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

In value terms, Germany ($X), Turkey ($X) and Greece ($X) appeared to be the largest stainless steel sink suppliers to Italy, together accounting for X% of total imports.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average stainless steel sink import price amounted to $X per unit, declining by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :