Philippines - Stainless Steel Sinks And Wash Basins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStainless Steel Sink Price in the Philippines - 2023
Contents:
- Stainless Steel Sink Price in the Philippines (CIF) - 2022
- Stainless Steel Sink Price in the Philippines (FOB) - 2022
- Stainless Steel Sink Imports in the Philippines
- Stainless Steel Sink Exports in the Philippines
Stainless Steel Sink Price in the Philippines (CIF) - 2022
In 2022, the average stainless steel sink import price amounted to $94 per unit, increasing by 9.6% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 196% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($94 per unit) and Japan ($94 per unit), while the price for China ($94 per unit) and Italy ($94 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Sink Price in the Philippines (FOB) - 2022
In 2022, the average stainless steel sink export price amounted to $107 per unit, dropping by -7.4% against the previous year. In general, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 119%. The export price peaked at $116 per unit in 2021, and then shrank in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($107 per unit), while the average price for exports to Singapore ($107 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 Afghanistan (+43.8%), while the prices for the other major destinations experienced mixed trend patterns.
Stainless Steel Sink Imports in the Philippines
Stainless steel sink imports into the Philippines dropped to 128K units in 2022, falling by -12.9% compared with 2021. Over the period under review, imports, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports attained the peak of 147K units, and then dropped in the following year.
In value terms, stainless steel sink imports shrank to $12M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, imports reached the peak of $13M, and then declined in the following year.
Import of Stainless Steel Sink in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.0 | 6.2 | 10.4 | 10.0 | 12.6% |
Japan | 0.8 | 0.7 | 1.2 | 0.8 | 0.0% |
Italy | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
Turkey | N/A | 0.1 | N/A | 0.2 | 41.4% |
Thailand | 0.5 | 0.4 | 0.3 | 0.2 | -26.3% |
Others | 0.6 | 0.6 | 0.5 | 0.4 | -12.6% |
Total | 9.2 | 8.4 | 12.6 | 12.0 | 9.3% |
Top Suppliers of Stainless Steel Sink to the Philippines in 2022:
- China (106.1K units)
- Japan (8.9K units)
- Italy (3.9K units)
- Thailand (2.6K units)
- Turkey (2.2K units)
Stainless Steel Sink Exports in the Philippines
Stainless steel sink exports from the Philippines dropped remarkably to 149 units in 2022, which is down by -66.3% compared with 2021 figures. In general, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 613%. As a result, the exports attained the peak of 442 units, and then contracted rapidly in the following year.
In value terms, stainless steel sink exports contracted notably to $16K in 2022. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 818% against the previous year. As a result, the exports attained the peak of $51K, and then contracted sharply in the following year.
Export of Stainless Steel Sink in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | N/A | N/A | 47.3 | 14.2 | -70.0% |
Japan | N/A | 3.7 | 1.5 | 1.1 | -45.5% |
Brunei Darussalam | N/A | N/A | N/A | 0.7 | 0% |
Vietnam | 20.2 | N/A | N/A | N/A | 0% |
Micronesia | N/A | 1.6 | N/A | N/A | 0% |
United Arab Emirates | 3.5 | N/A | 1.9 | N/A | -26.3% |
Others | 0.4 | 0.3 | 0.5 | 0.1 | -37.0% |
Total | 24.0 | 5.6 | 51.3 | 16.0 | -12.6% |
Top Export Markets for Stainless Steel Sink from the Philippines in 2022:
- Singapore (132.0 units)
- Japan (10.0 units)
- Brunei Darussalam (7.0 units)
This report provides an in-depth analysis of the stainless steel sink market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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 the Philippines.
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This report provides an in-depth analysis of the stainless steel sink market in the Philippines.
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