United Kingdom - Table, Kitchen Or Household Articles And Parts Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Stainless Steel Household Articles in the UK - 2023
Contents:
- Price for Stainless Steel Household Articles in the UK (CIF) - 2023
- Price for Stainless Steel Household Articles in the UK (FOB) - 2022
- Imports of Stainless Steel Household Articles in the UK
- Exports of Stainless Steel Household Articles in the UK
Price for Stainless Steel Household Articles in the UK (CIF) - 2023
In June 2023, the average stainless steel household articles import price amounted to $4.9 per unit, declining by -3.7% against the previous month. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 14% month-to-month. As a result, import price reached the peak level of $6.6 per unit. From November 2022 to June 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was China ($4.7 per unit), while the price for India totaled $3.9 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-2.1%).
Price for Stainless Steel Household Articles in the UK (FOB) - 2022
The average stainless steel household articles export price stood at $5.5 per unit in 2022, declining by -5.8% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel household articles export price decreased by -28.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 20%. Over the period under review, the average export prices reached the maximum at $7.6 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($23 per unit), while the average price for exports to Kenya ($0.8 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 France (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel Household Articles in the UK
In 2022, imports of table, kitchen or household articles and parts of stainless steel into the UK contracted rapidly to 49M units, waning by -16.1% on 2021. Overall, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, imports reached the peak of 58M units, and then reduced markedly in the following year.
In value terms, stainless steel household articles imports declined modestly to $272M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $279M, and then declined in the following year.
Import of Stainless Steel Household Articles in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 157 | 152 | 195 | 205 | 9.3% |
India | 17.2 | 13.8 | 22.0 | 23.9 | 11.6% |
Taiwan (Chinese) | 4.8 | 3.5 | 8.5 | 4.2 | -4.4% |
Germany | 12.3 | 16.7 | 10.2 | 2.1 | -44.5% |
Others | 37.1 | 43.5 | 43.5 | 36.2 | -0.8% |
Total | 228 | 229 | 279 | 272 | 6.1% |
Top Suppliers of Stainless Steel Household Articles to the UK in 2022:
- China (37.8M units)
- India (4.7M units)
- Taiwan (Chinese) (0.7M units)
- Germany (0.3M units)
Exports of Stainless Steel Household Articles in the UK
In 2022, shipments abroad of table, kitchen or household articles and parts of stainless steel decreased by -3.9% to 6.7M units, falling for the second year in a row after two years of growth. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 0.9% against the previous year. As a result, the exports attained the peak of 8.4M units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, stainless steel household articles exports contracted to $37M in 2022. Overall, exports faced a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 16%. As a result, the exports reached the peak of $64M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Stainless Steel Household Articles in the UK (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 16.0 | 17.8 | 12.8 | 9.0 | -17.5% |
Netherlands | 2.9 | 3.2 | 6.7 | 3.6 | 7.5% |
United States | 1.7 | 1.8 | 1.6 | 2.7 | 16.7% |
France | 6.5 | 7.3 | 2.4 | 2.3 | -29.3% |
Germany | 7.0 | 9.2 | 2.5 | 1.7 | -37.6% |
Belgium | 1.5 | 1.5 | 1.1 | 1.6 | 2.2% |
Denmark | 1.1 | 3.3 | 1.9 | 1.4 | 8.4% |
United Arab Emirates | 0.7 | 0.4 | 0.5 | 1.1 | 16.3% |
Italy | 2.1 | 2.7 | 1.0 | 0.8 | -27.5% |
Poland | 2.4 | 2.7 | 0.7 | 0.8 | -30.7% |
Kenya | 0.1 | 0.1 | 0.1 | 0.7 | 91.3% |
Spain | 2.5 | 3.5 | 0.7 | 0.6 | -37.9% |
Others | 10.1 | 10.1 | 8.5 | 10.2 | 0.3% |
Total | 54.7 | 63.5 | 40.4 | 36.6 | -12.5% |
Top Export Markets for Stainless Steel Household Articles from the UK in 2022:
- Ireland (2613.9K units)
- Kenya (849.1K units)
- Netherlands (499.5K units)
- United States (412.5K units)
- United Arab Emirates (245.4K units)
- France (222.7K units)
- Denmark (189.9K units)
- Belgium (184.9K units)
- Germany (182.6K units)
- Spain (107.1K units)
- Poland (69.0K units)
- Italy (33.7K units)
This report provides an in-depth analysis of the market for stainless steel household articles in the UK. 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 25991225 - Table, kitchen or household articles and parts thereof of stainless steel (excluding cutlery)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
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