Bangladesh - Stainless Steel Sinks And Wash Basins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStainless Steel Sink Price in Bangladesh - 2022
Contents:
- Stainless Steel Sink Price in Bangladesh (CIF) - 2022
- Stainless Steel Sink Price in Bangladesh (FOB) - 2022
- Stainless Steel Sink Imports in Bangladesh
- Stainless Steel Sink Exports in Bangladesh
Stainless Steel Sink Price in Bangladesh (CIF) - 2022
In 2022, the average stainless steel sink import price amounted to $64 per unit, waning by -9.6% against the previous year. In general, the import price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of 96%. Over the period under review, average import prices reached the maximum at $75 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($7.8 per unit), while the price for Hong Kong SAR ($1.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Stainless Steel Sink Price in Bangladesh (FOB) - 2022
The average stainless steel sink export price stood at $26 per unit in 2022, declining by -27.1% against the previous year. In general, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 82%. Over the period under review, the average export prices reached the maximum at $45 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($18 per unit), while the average price for exports to India stood at $2.4 per unit.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Sink Imports in Bangladesh
In 2022, approx. 89K units of stainless steel sinks and wash basins were imported into Bangladesh; shrinking by -7.4% on the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of 96K units, and then reduced in the following year.
In value terms, stainless steel sink imports contracted notably to $5.7M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. As a result, imports reached the peak of $6.8M, and then dropped markedly in the following year.
Import of Stainless Steel Sink in Bangladesh (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.0 | 4.3 | 6.2 | 5.2 | 9.1% |
Singapore | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Others | 0.2 | 0.2 | 0.5 | 0.4 | 26.0% |
Total | 4.3 | 4.6 | 6.8 | 5.7 | 9.9% |
Top Suppliers of Stainless Steel Sink to Bangladesh in 2022:
- China (660.7K units)
- Singapore (11.2K units)
Stainless Steel Sink Exports in Bangladesh
In 2022, overseas shipments of stainless steel sinks and wash basins were finally on the rise to reach 18 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a sharp setback. The exports peaked at 58 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, stainless steel sink exports skyrocketed to $470 in 2022. In general, exports, however, showed a deep slump. The exports peaked at $740 in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Stainless Steel Sink in Bangladesh (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
India | N/A | 323 | 0% | ||
Poland | N/A | 147 | 0% | ||
Spain | 74.0 | N/A | 0% | ||
Austria | 210 | N/A | 0% | ||
Others | 74.0 | N/A | 0% | ||
Total | 358 | 470 | 31.3% |
Top Export Markets for Stainless Steel Sink from Bangladesh in 2022:
- India (134.0 units)
- Poland (8.0 units)
This report provides an in-depth analysis of the stainless steel sink market in Bangladesh. 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:
- Bangladesh
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bangladesh
- 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 Bangladesh.
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This report provides an in-depth analysis of the global stainless steel sink market.
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This report provides an in-depth analysis of the stainless steel sink market in Bangladesh.
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