Kazakhstan: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Kazakhstan

The Kazakh stainless steel sink market surged to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a deep setback. Stainless steel sink consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Stainless Steel Sink Exports

Exports from Kazakhstan

In 2022, approx. X units of stainless steel sinks and wash basins were exported from Kazakhstan; jumping by X% compared with the previous year's figure. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, stainless steel sink exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Russia (X units) was the main destination for stainless steel sink exports from Kazakhstan, accounting for a X% share of total exports. Moreover, stainless steel sink exports to Russia exceeded the volume sent to the second major destination, Belarus (X units), more than tenfold. Tajikistan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Tajikistan (X% per year).

In value terms, Russia ($X) remains the key foreign market for stainless steel sinks and wash basins exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with an X% share of total exports. It was followed by Tajikistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Tajikistan (X% per year).

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. In general, the export price showed prominent growth. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Tajikistan ($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 Kyrgyzstan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Stainless Steel Sink Imports

Imports into Kazakhstan

For the fourth year in a row, Kazakhstan recorded growth in purchases abroad of stainless steel sinks and wash basins, which increased by X% to X units in 2022. In general, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, stainless steel sink imports surged to $X in 2022. Overall, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest stainless steel sink supplier to Kazakhstan, with a X% share of total imports. Moreover, stainless steel sink imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of stainless steel sinks and wash basins to Kazakhstan, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

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

Import Prices by Country

The average stainless steel sink import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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