MERCOSUR: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in MERCOSUR

The MERCOSUR stainless steel sink market declined to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Stainless Steel Sink Production in MERCOSUR

In value terms, stainless steel sink production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Stainless Steel Sink Exports

Exports in MERCOSUR

After two years of growth, shipments abroad of stainless steel sinks and wash basins decreased by X% to X units in 2022. Over the period under review, exports showed a mild decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then fell markedly in the following year.

In value terms, stainless steel sink exports shrank remarkably to $X in 2022. Overall, exports showed a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. The following exporters - Colombia (X units), Argentina (X units) and Chile (X units) - each accounted for a X% share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of stainless steel sinks and wash basins. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) and Colombia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest stainless steel sink supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Argentina ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the export price figures.

Stainless Steel Sink Imports

Imports in MERCOSUR

After two years of growth, supplies from abroad of stainless steel sinks and wash basins decreased by X% to X units in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its volume 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 2018 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then reduced markedly in the following year.

In value terms, stainless steel sink imports shrank remarkably to $X in 2022. Total imports indicated a tangible expansion 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 most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

Brazil (X units), Chile (X units), Peru (X units), Ecuador (X units), Colombia (X units), Argentina (X units) and Paraguay (X units) represented roughly X% of total imports in 2022.

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

In value terms, Chile ($X), Brazil ($X) and Ecuador ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Brazil, 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 MERCOSUR stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per unit in 2012; afterwards, it flattened through to 2022.

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 Ecuador ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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