Market research

Stainless steel sinks and wash basins market in Finland

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Finnish market for stainless steel sinks and wash basins showed significant volatility between 2018 and 2024. Market volume rose to 18.4 million USD in 2019 before dropping to 14.9 million USD in 2020. A subsequent recovery to 17.3 million USD in 2021 was followed by a sustained decline, bringing the market down to 10.7 million USD by 2024.

By 2023, shifting consumer preferences favored more durable materials, minimalist forms, and colored accents, reflecting growing demand for sustainable and aesthetic products. In 2024, high molybdenum prices of around 50 000 USD per tonne raised raw material costs, while weakening demand on European markets, particularly due to economic conditions in Germany, put additional pressure on the Finnish market.

Concurrently, innovative products such as Dress Inox sinks combining stainless steel with stone cladding emerged, and the variety of installation options and PVD-coated color solutions expanded, offering consumers greater choice and supporting product diversification.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Finland
  1. 5.1.1. In kind, 2018-2024, K unit
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production stainless sinks and wash basins in Finland

In value, 2017-2020, K $ US

Finland's production of stainless steel sinks and wash basins has declined for the third year in a row. In 2020, output was valued at 14 520 thousand US dollars, marking a 17.6% decrease compared to the previous year. Over the period from 2017 to 2020, production fell by 42.1%, with an average annual decline of 16.7%.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(28.8%)	(1.4%)	(17.6%)	(16.7%)

Source: SHEV.io

Exports stainless sinks and wash basins from Finland

Exports in kind, t

The data shows irregular changes, reflecting a volatile market environment. Exports reached their lowest point in 2019 at 11.1 tonnes, then surged to a peak of 317.1 tonnes in 2020, representing a 29-fold increase between these years. This sharp rise in 2020 amounted to a 2,763.0% gain over 2019. The largest decline occurred in 2019, with a drop of 96.3%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.1%)	(96.3%)	2 763.0%	1.0%

Source: SHEV.io

From 2017 to 2020, Sweden, Germany, and Norway were the top buyers of stainless steel sinks and wash basins from Finland. Sweden accounted for 48.4% of exports in kind, Germany for 23.7%, and Norway for 9.2%. Together, these three countries made up 81.2% of total exports in kind during this period.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Finland in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, Finland exported 5 494 thousand US dollars worth of stainless steel sinks and wash basins, showing little change from the previous year. The highest value was recorded in 2018 at 5 612 thousand US dollars, with a 2.8% increase that year. The largest decline occurred in 2019, with a 2.3% drop.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.8%	(2.3%)	0.2%	0.2%

Source: SHEV.io

Between 2017 and 2020, Sweden, Germany, and Estonia were the key markets for Finland's exports in value terms. Sweden represented 56.5% of exports, Germany 17.5%, and Estonia 7.7%. Combined, these three countries accounted for 81.7% of total export flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Finland in value, 2017-2020

Source: SHEV.io

Imports stainless sinks and wash basins to Finland

Imports in kind, t

The market displayed an unstable trend over the timeframe. Imports hit their lowest point in 2019 at 16.1 tonnes, then rose sharply to a peak of 420.1 tonnes in 2020, resulting in a 26-fold difference between these years. This increase in 2020 represented a steep gain of 2,512.2% compared to 2019. The largest decline was recorded in 2019, with a 96.0% drop.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.2%	(96.0%)	2 512.2%	3.5%

Source: SHEV.io

From 2017 to 2020, China, Germany, and Turkey were the main sources for imports in kind. China accounted for 38.0% of imports, Germany for 23.3%, and Turkey for 6.4%. Together, these three countries made up 67.8% of total import flows in kind.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Finland in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After two years of growth, imports of stainless steel sinks and wash basins into Finland declined. In 2020, import volume was 5 902 thousand US dollars, reflecting a gradual decrease of 5.9% from the previous year. Over the period from 2017 to 2020, imports increased by 14.3%, equivalent to an annualized rate of 4.6%. The highest value was recorded in 2019 at 6 273 thousand US dollars, with a 12.4% increase that year.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.2%	12.4%	(5.9%)	4.6%

Source: SHEV.io

Throughout 2017 to 2020, China, Germany, and Italy remained the central markets for imports in value terms. Together, these three countries accounted for 65.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Finland in value, 2017-2020

Source: SHEV.io