Report Update Apr 1, 2024

Peru - Stainless Steel Sinks and Wash Basins - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Peru

In 2022, the Peruvian stainless steel sink market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, showed a remarkable increase. Over the period under review, the market hit record highs at $X in 2021, and then fell notably in the following year.

Stainless Steel Sink Exports

Exports from Peru

In 2022, after two years of growth, there was significant decline in shipments abroad of stainless steel sinks and wash basins, when their volume decreased by X% to X units. In general, exports saw a sharp curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, stainless steel sink exports fell remarkably to $X in 2022. Overall, exports showed a sharp downturn. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X units), Panama (X units) and Chile (X units) were the main destinations of stainless steel sink exports from Peru, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for stainless steel sink exported from Peru were Ecuador ($X), Panama ($X) and Chile ($X), together comprising X% of total exports.

Panama, with a CAGR of X.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average stainless steel sink export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Indonesia ($X per unit), while the average price for exports to Chile ($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 Panama (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Stainless Steel Sink Imports

Imports into Peru

In 2022, overseas purchases of stainless steel sinks and wash basins decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced dramatically in the following year.

In value terms, stainless steel sink imports reduced markedly to $X in 2022. In general, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest stainless steel sink supplier to Peru, accounting for a X% share of total imports. Moreover, stainless steel sink imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Hong Kong SAR (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (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, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2021 an increase of 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for stainless steel sinks and wash basins in the world?

The countries with the highest volumes of consumption in 2023 were Latvia, China and the United States, with a combined 48% share of global consumption. India, Russia, Pakistan, Japan, Brazil, Malaysia, Indonesia and South Korea lagged somewhat behind, together comprising a further 24%.

What are the largest producers of stainless steel sinks and wash basins in the world?

The countries with the highest volumes of production in 2022 were China, Latvia and India, with a combined 59% share of global production. The United States, Turkey, Russia, Pakistan, Vietnam, Japan, Malaysia, Mexico, Brazil and South Korea lagged somewhat behind, together comprising a further 30%.

What are the leading suppliers of stainless steel sinks and wash basins to Peru?

In value terms, China constituted the largest supplier of stainless steel sinks and wash basins to Peru, comprising 66% of total imports. The second position in the ranking was taken by Brazil, with a 14% share of total imports. It was followed by Turkey, with a 5.3% share.

What are the leading importers of stainless steel sinks and wash basins from Peru?

In value terms, the largest markets for stainless steel sink exported from Peru were Ecuador, Panama and Chile, together accounting for 95% of total exports.

What is the average export price for stainless steel sinks and wash basins in Peru?

The average stainless steel sink export price stood at $4.7 per unit in 2022, waning by -30.2% against the previous year.

What is the average import price for stainless steel sinks and wash basins in Peru?

In 2022, the average stainless steel sink import price amounted to $4.7 per unit, rising by 8.2% against the previous year.

This report provides an in-depth analysis of the stainless steel sink market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991110 - Stainless steel sinks and wash basins

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023