Republic of Korea - Table Knives - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTable Knife Price in South Korea - 2022
Contents:
- Table Knife Price in South Korea (CIF) - 2022
- Table Knife Price in South Korea (FOB) - 2022
- Table Knife Imports in South Korea
- Table Knife Exports in South Korea
Table Knife Price in South Korea (CIF) - 2022
In December 2022, the average table knife import price amounted to $5.3 per unit, surging by 33% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The import price peaked at $5.6 per unit in March 2022; however, from April 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($37.4 per unit), while the price for China ($2.3 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Table Knife Price in South Korea (FOB) - 2022
In 2022, the average table knife export price amounted to $5.1 per unit, rising by 19% against the previous year. Over the period under review, the export price enjoyed resilient growth. The growth pace was the most rapid in 2021 when the average export price increased by 53% against the previous year. The export price peaked in 2022 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 Mongolia ($10 per unit), while the average price for exports to Vietnam ($1.5 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 Mongolia (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.
Table Knife Imports in South Korea
In 2022, supplies from abroad of table knives was finally on the rise to reach 4.9M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a perceptible decline. Imports peaked at 5.7M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, table knife imports expanded modestly to $22M in 2022. Overall, imports, however, continue to indicate a perceptible setback. Over the period under review, imports attained the maximum at $24M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Table Knife in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.4 | 6.7 | 4.9 | 8.8 | 17.7% |
| Vietnam | 4.3 | 4.1 | 4.1 | 6.9 | 17.1% |
| China | 5.9 | 6.0 | 6.9 | 1.9 | -31.5% |
| Switzerland | 0.7 | 1.0 | 0.9 | 1.5 | 28.9% |
| Portugal | 0.2 | 0.5 | 0.5 | 0.8 | 58.7% |
| Germany | 5.8 | 1.9 | 1.7 | 0.3 | -62.7% |
| Others | 1.7 | 2.9 | 2.7 | 2.3 | 10.6% |
| Total | 24.0 | 23.2 | 21.7 | 22.4 | -2.3% |
Top Suppliers of Table Knife to South Korea in 2022:
- Vietnam (2370.0K units)
- China (1103.7K units)
- Japan (966.7K units)
- Switzerland (102.2K units)
- Portugal (94.0K units)
- Germany (28.3K units)
Table Knife Exports in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of table knives, when their volume decreased by -43.2% to 51K units. Overall, exports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2021 when exports increased by 85%. As a result, the exports reached the peak of 89K units, and then fell significantly in the following year.
In value terms, table knife exports shrank remarkably to $258K in 2022. Over the period under review, exports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 183% against the previous year. As a result, the exports reached the peak of $382K, and then declined significantly in the following year.
| Export of Table Knife in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.8 | 16.2 | 185 | 101 | 50.2% |
| Mongolia | 3.4 | 1.5 | 20.2 | 15.3 | 65.1% |
| China | 6.2 | 90.6 | 20.7 | 14.3 | 32.1% |
| Netherlands | 2.7 | 1.2 | 9.6 | 13.0 | 68.9% |
| Norway | 6.0 | 2.1 | 13.7 | 11.3 | 23.5% |
| Dominican Republic | 4.6 | 1.8 | 12.4 | 11.1 | 34.1% |
| Russia | 6.5 | 0.5 | 10.8 | 8.2 | 8.1% |
| Libya | 2.8 | 1.0 | 7.1 | 6.1 | 29.6% |
| Vietnam | 8.3 | 0.8 | 2.5 | 5.8 | -11.3% |
| Indonesia | 1.0 | 2.1 | 8.8 | 3.7 | 54.7% |
| Kiribati | 2.3 | 0.7 | 3.8 | 2.5 | 2.8% |
| Panama | 1.6 | 0.5 | 0.7 | 1.7 | 2.0% |
| Saudi Arabia | 2.1 | 0.3 | N/A | 1.6 | -8.7% |
| Others | 78.3 | 15.5 | 86.2 | 62.4 | -7.3% |
| Total | 155 | 135 | 382 | 258 | 18.5% |
Top Export Markets for Table Knife from South Korea in 2022:
- United States (18.5K units)
- Vietnam (3.8K units)
- Norway (3.5K units)
- China (3.3K units)
- Dominican Republic (2.4K units)
- Netherlands (2.3K units)
- Mongolia (1.5K units)
- Libya (1.4K units)
- Indonesia (1.1K units)
- Kiribati (1.1K units)
- Saudi Arabia (1.0K units)
- Panama (1.0K units)
- Russia (0.9K units)
This report provides an in-depth analysis of the table knife market in Republic of Korea. 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 25711120 - Table knives having fixed blades of base metal, including handles (excluding butter knives and fish knives)
- Prodcom 25711115 -
- Prodcom 25711130 -
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
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