MENA: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in MENA

The MENA's stainless steel sink market declined to $X in 2022, falling by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Stainless Steel Sink Production in MENA

In value terms, stainless steel sink production contracted dramatically to $X in 2022 estimated in export price. In general, production, however, posted a strong increase. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Stainless Steel Sink Exports

Exports in MENA

In 2022, the amount of stainless steel sinks and wash basins exported in MENA dropped to X units, waning by X% against the previous year. Over the period under review, exports saw a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, stainless steel sink exports declined modestly to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Turkey (X units) represented the major exporter of stainless steel sinks and wash basins, achieving X% of total exports. It was distantly followed by the United Arab Emirates (X units), comprising an X% share of total exports.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

In value terms, Turkey ($X) remains the largest stainless steel sink supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey was relatively modest.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Stainless Steel Sink Imports

Imports in MENA

Stainless steel sink imports dropped to X units in 2022, waning by X% against the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, stainless steel sink imports shrank remarkably to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Morocco (X units), Algeria (X units), Iraq (X units) and Libya (X units) were the major importers of stainless steel sinks and wash basins, together comprising X% of total imports. Israel (X units), Yemen (X units), Egypt (X units), Oman (X units), Djibouti (X units), Turkey (X units), Kuwait (X units) and Jordan (X units) followed a long way behind the leaders.

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

In value terms, the largest stainless steel sink importing markets in MENA were the United Arab Emirates ($X), Morocco ($X) and Iraq ($X), with a combined X% share of total imports. Algeria, Libya, Israel, Egypt, Turkey, Djibouti, Kuwait, Jordan, Yemen and Oman lagged somewhat behind, together accounting for a further X%.

Yemen, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in MENA stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then declined in the following year.

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

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

Source: IndexBox Platform

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