ASEAN: Table Knife Market 2024

Table Knife Market Size in ASEAN

In 2023, the ASEAN table knife market increased by X% to $X, rising for the fourth year in a row after three years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Table Knife Production in ASEAN

In value terms, table knife production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, showed a slight slump. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Table Knife Exports

Exports in ASEAN

In 2023, after two years of growth, there was decline in overseas shipments of table knives, when their volume decreased by X% to X units. Total exports indicated a buoyant expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2022, and then shrank in the following year.

In value terms, table knife exports reduced to $X in 2023. Total exports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Vietnam was the key exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Thailand (X units), creating a X% share of total exports. Indonesia (X units) followed a long way behind the leaders.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest table knife supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Vietnam totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Table Knife Imports

Imports in ASEAN

After two years of growth, overseas purchases of table knives decreased by X% to X units in 2023. Overall, imports, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, table knife imports declined to $X in 2023. In general, imports, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X units) and Thailand (X units) were the largest importers of table knives in 2023, recording approx. X% and X% of total imports, respectively. Singapore (X units) ranks next in terms of the total imports with a X% share, followed by Malaysia (X%) and Vietnam (X%). The Philippines (X units) held a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest table knife importing markets in ASEAN were Singapore ($X), Indonesia ($X) and Malaysia ($X), with a combined X% share of total imports.

Among the main importing countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform