UK's Stainless Steel Household Articles Market to Experience Slight Growth with +0.2% CAGR over Next Decade - News and Statistics - IndexBox

Apr 04, 2025

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IndexBox has just published a new report: United Kingdom - Table, Kitchen Or Household Articles And Parts Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights.

The UK market for stainless steel household articles is expected to see an increase in demand, with a projected CAGR of +0.2% in market volume and +0.4% in market value from 2024 to 2035. By the end of 2035, the market volume is predicted to reach 31M units and the market value is anticipated to reach $219M in nominal prices.

Driven by rising demand for stainless steel household articles in the UK, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.2% for the period from 2024 to 2035, which is projected to bring the market volume to 31M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +0.4% for the period from 2024 to 2035, which is projected to bring the market value to $219M (in nominal wholesale prices) by the end of 2035.

In 2024, after two years of decline, there was growth in consumption of table, kitchen or household articles and parts of stainless steel, when its volume increased by 1.4% to 30M units. Over the period under review, consumption, however, showed a slight reduction. Stainless steel household articles consumption peaked at 41M units in 2016; however, from 2017 to 2024, consumption stood at a somewhat lower figure.

The value of the stainless steel household articles market in the UK expanded to $209M in 2024, picking up by 2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $258M. From 2022 to 2024, the growth of the market failed to regain momentum.

In 2024, the amount of table, kitchen or household articles and parts of stainless steel produced in the UK shrank modestly to 1.9M units, falling by -4.3% on the previous year's figure. Overall, production saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 44%. As a result, production reached the peak volume of 7.8M units. From 2015 to 2024, production growth remained at a somewhat lower figure.

In value terms, stainless steel household articles production reduced to $17M in 2024 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 57%. As a result, production reached the peak level of $60M. From 2015 to 2024, production growth failed to regain momentum.

In 2024, imports of table, kitchen or household articles and parts of stainless steel into the UK reduced to 31M units, dropping by -1.7% against 2023. Over the period under review, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, imports reached the peak of 40M units. From 2022 to 2024, the growth of imports remained at a lower figure.

In value terms, stainless steel household articles imports declined to $213M in 2024. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports attained the peak of $279M. From 2022 to 2024, the growth of imports remained at a somewhat lower figure.

In 2024, China (24M units) constituted the largest supplier of stainless steel household articles to the UK, with a 78% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, India (2.9M units), eightfold. The third position in this ranking was taken by Taiwan (Chinese) (601K units), with a 2% share.

From 2013 to 2024, the average annual growth rate of volume from China totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.7% per year) and Taiwan (Chinese) (-11.6% per year).

In value terms, China ($157M) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to the UK, comprising 74% of total imports. The second position in the ranking was taken by India ($17M), with an 8.1% share of total imports. It was followed by Taiwan (Chinese), with a 2.1% share.

From 2013 to 2024, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.2% per year) and Taiwan (Chinese) (-8.1% per year).

The average stainless steel household articles import price stood at $7 per unit in 2024, stabilizing at the previous year. Over the last eleven years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2022 an increase of 15% against the previous year. As a result, import price attained the peak level of $8.1 per unit. From 2023 to 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Germany ($10 per unit), while the price for India ($6 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

For the fourth year in a row, the UK recorded decline in overseas shipments of table, kitchen or household articles and parts of stainless steel, which decreased by -32.6% to 2.1M units in 2024. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 27%. As a result, the exports reached the peak of 6.7M units. From 2018 to 2024, the growth of the exports failed to regain momentum.

In value terms, stainless steel household articles exports fell sharply to $24M in 2024. In general, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2014 when exports increased by 26%. Over the period under review, the exports hit record highs at $64M in 2020; however, from 2021 to 2024, the exports failed to regain momentum.

Ireland (651K units) was the main destination for stainless steel household articles exports from the UK, accounting for a 31% share of total exports. Moreover, stainless steel household articles exports to Ireland exceeded the volume sent to the second major destination, the Netherlands (218K units), threefold. Kenya (191K units) ranked third in terms of total exports with a 9.1% share.

From 2013 to 2024, the average annual growth rate of volume to Ireland totaled -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.9% per year) and Kenya (+53.7% per year).

In value terms, Ireland ($6M) remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from the UK, comprising 25% of total exports. The second position in the ranking was taken by the Netherlands ($2.8M), with a 12% share of total exports. It was followed by the United States, with a 6.6% share.

From 2013 to 2024, the average annual rate of growth in terms of value to Ireland stood at -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+11.3% per year) and the United States (+7.9% per year).

The average stainless steel household articles export price stood at $11 per unit in 2024, rising by 14% against the previous year. Over the period under review, export price indicated a tangible expansion from 2013 to 2024: its price increased at an average annual rate of +4.9% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, stainless steel household articles export price increased by +33.1% against 2021 indices. The pace of growth appeared the most rapid in 2018 an increase of 34%. Over the period under review, the average export prices hit record highs in 2024 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($23 per unit), while the average price for exports to Kenya ($1.8 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to France (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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.

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:

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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