South Africa - Stainless Steel Sinks And Wash Basins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStainless Steel Sink Price in South Africa - 2023
Contents:
- Stainless Steel Sink Price in South Africa (CIF) - 2023
- Stainless Steel Sink Price in South Africa (FOB) - 2023
- Stainless Steel Sink Imports in South Africa
- Stainless Steel Sink Exports in South Africa
Stainless Steel Sink Price in South Africa (CIF) - 2023
The average stainless steel sink import price stood at $48.4 per unit in September 2023, falling by -5.5% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 54% m-o-m. Over the period under review, average import prices attained the maximum at $70.8 per unit in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Spain ($300 per unit), while the price for China ($22.1 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Sink Price in South Africa (FOB) - 2023
In September 2023, the average stainless steel sink export price amounted to $62.0 per unit, growing by 34% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 69% against the previous month. The export price peaked at $68.1 per unit in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Zimbabwe ($78.8 per unit), while the average price for exports to Mauritius ($25.8 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Sink Imports in South Africa
For the third consecutive year, South Africa recorded decline in overseas purchases of stainless steel sinks and wash basins, which decreased by -44.5% to 77K units in 2022. Over the period under review, imports recorded a dramatic decline. The smallest decline of -1.3% was in 2021. Over the period under review, imports hit record highs at 169K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, stainless steel sink imports fell markedly to $4.1M in 2022. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of $5.4M, and then reduced notably in the following year.
Import of Stainless Steel Sink in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,460 | 1,701 | 1,942 | 1,077 | -9.6% |
Italy | 674 | 551 | 632 | 710 | 1.7% |
Turkey | 1,070 | 834 | 970 | 555 | -19.7% |
Spain | 477 | 206 | 318 | 421 | -4.1% |
Germany | 493 | 308 | 418 | 392 | -7.4% |
Greece | 291 | 312 | 436 | 189 | -13.4% |
Netherlands | 167 | 132 | 154 | 122 | -9.9% |
India | 76.6 | 66.4 | 0.6 | 114 | 14.2% |
Others | 603 | 373 | 514 | 490 | -6.7% |
Total | 5,312 | 4,483 | 5,386 | 4,070 | -8.5% |
Top Suppliers of Stainless Steel Sink to South Africa in 2022:
- China (42.5K units)
- Turkey (9.0K units)
- Italy (6.5K units)
- Spain (3.7K units)
- Germany (3.5K units)
- India (2.3K units)
- Netherlands (2.0K units)
- Greece (2.0K units)
Stainless Steel Sink Exports in South Africa
In 2022, shipments abroad of stainless steel sinks and wash basins decreased by -11.6% to 92K units, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of 104K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, stainless steel sink exports declined to $4.4M in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 22%. As a result, the exports attained the peak of $5.1M, and then dropped in the following year.
Export of Stainless Steel Sink in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Namibia | 653 | 898 | 1,235 | 1,161 | 21.1% |
Zimbabwe | 493 | 471 | 639 | 855 | 20.1% |
Botswana | 917 | 1,011 | 823 | 657 | -10.5% |
Zambia | 463 | 402 | 472 | 507 | 3.1% |
Swaziland | 306 | 352 | 394 | 352 | 4.8% |
Mozambique | 309 | 462 | 600 | 274 | -3.9% |
Malawi | 253 | 142 | 116 | 133 | -19.3% |
Lesotho | 131 | 79.6 | 138 | 115 | -4.2% |
Others | 511 | 351 | 653 | 391 | -8.5% |
Total | 4,036 | 4,168 | 5,069 | 4,445 | 3.3% |
Top Export Markets for Stainless Steel Sink from South Africa in 2022:
- Namibia (17.4K units)
- Zimbabwe (15.3K units)
- Swaziland (15.1K units)
- Botswana (13.6K units)
- Zambia (8.4K units)
- Lesotho (7.1K units)
- Mozambique (3.8K units)
- Malawi (3.2K units)
This report provides an in-depth analysis of the stainless steel sink market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the stainless steel sink market in South Africa.
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This report provides an in-depth analysis of the global stainless steel sink market.
This report provides an in-depth analysis of the global metal bath market.
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This report provides an in-depth analysis of the stainless steel sink market in South Africa.
This report provides an in-depth analysis of the metal bath market in South Africa.
This report provides an in-depth analysis of the market for iron or steel sanitary ware in South Africa.
This report provides an in-depth analysis of the global stainless steel sink market.
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