Stainless steel sinks and wash basins market in Sweden

Earlier Report Observations

The market for stainless steel sinks and wash basins in Sweden displayed varied movement from 2018 to 2022. Following a modest decline to 40.6 million dollars in 2019, the market size grew considerably to 46.0 million dollars in 2020 and continued its upward trajectory, reaching 49.9 million dollars by 2022.

A notable contraction occurred in 2023, with the market falling to 41.8 million dollars. A recovery followed in 2024, as the market increased to 43.4 million dollars. This rebound was supported by design and technology advancements that introduced new sink models, alongside strong interior design trends favoring metallic finishes and a sustained consumer focus on sustainability and creating hotel-like experiences in bathrooms, which stimulated demand for stainless steel products.

Production stainless sinks and wash basins in Sweden

In value, 2017-2020, K $ US

Sweden's production of stainless steel sinks and wash basins rebounded after a two-year decline. In 2020, output reached 42 919 thousand US dollars, marking a significant 24.0% increase compared to the previous year. Over the 2017-2020 period, production grew by 15.2%, with an average annual growth rate of 4.8%. The lowest production value was recorded in 2019 at 34 613 thousand US dollars, which also saw the largest decline of 4.9% during this timeframe.

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

Exports stainless sinks and wash basins from Sweden

Exports in kind, t

Sweden's exports of stainless steel sinks and wash basins increased for the second consecutive year. In 2020, the country exported 954 tons, showing a modest 4.3% improvement over 2019. However, looking at the broader 2017-2020 period, exports actually decreased by 5.8%, with an average annual decline of 2.0%. The lowest export volume was recorded in 2018 at 734 tons, which also experienced the largest decline of 27.5%. The following year, 2019, saw the strongest growth with a 24.6% increase.

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

From 2017 to 2020, Denmark, Norway, and Finland formed the core of Sweden's export markets for stainless steel sinks and wash basins. Denmark accounted for 39.8% of exports by volume, Norway for 39.0%, and Finland for 6.9%. Together, these three countries represented 85.7% of Sweden's total export flows during this period.

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

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

Exports in value, K $ US

Sweden's exports of stainless steel sinks and wash basins grew for the second year in a row. In 2020, export value reached 12 072 thousand US dollars, representing a 7.8% increase compared to 2019. Despite this recent growth, exports declined by 15.4% over the 2017-2020 period, equivalent to an average annual decrease of 5.4%. The lowest export value was recorded in 2018 at 9 847 thousand US dollars, which also saw the largest decline of 31.0%. The following year, 2019, experienced the strongest growth with a 13.7% increase.

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

Between 2017 and 2020, Denmark, Norway, and Finland were the leading buyers of Swedish stainless steel sinks and wash basins by value. Denmark accounted for 41.2% of export value, Norway for 33.2%, and Finland for 6.9%. Collectively, these three markets represented 81.2% of Sweden's total export value during this period.

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

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

Imports stainless sinks and wash basins to Sweden

Imports in kind, t

Sweden's imports of stainless steel sinks and wash basins declined in 2020, reaching 1 185 tons. This represented a substantial 14.7% decrease compared to 2019. Over the 2017-2020 period, imports fell by 22.6%, with an average annual decline of 8.2%. The lowest import volume was recorded in 2018 at 1 136 tons, which also experienced the largest decline of 25.8%. The following year, 2019, saw the strongest growth with a 22.3% increase.

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

From 2017 to 2020, China, Germany, and Greece were Sweden's primary suppliers of stainless steel sinks and wash basins by volume. China accounted for 52.0% of imports, Germany for 11.8%, and Greece for 7.2%. Together, these three countries supplied 71.0% of Sweden's total import volume during this period.

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

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

Imports in value, K $ US

Sweden's imports of stainless steel sinks and wash basins decreased in 2020, with import value reaching 15 186 thousand US dollars. This reflected an 11.6% decline compared to the previous year. Over the 2017-2020 period, imports fell by 23.3%, equivalent to an average annual decrease of 8.5%. The lowest import value was recorded in 2018 at 15 045 thousand US dollars, which also saw the largest decline of 24.0%. The following year, 2019, experienced the strongest growth with a 14.1% increase.

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

Between 2017 and 2020, China, Germany, and Finland were Sweden's leading suppliers of stainless steel sinks and wash basins by value. China accounted for 34.7% of import value, Germany for 19.3%, and Finland for 9.1%. Collectively, these three countries represented 63.1% of Sweden's total import value during this period.

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

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