Asia: Stainless Steel Tableware Market 2020

Stainless Steel Tableware Market Size in Asia

The revenue of the stainless steel tableware market in Asia amounted to $X in 2017, increasing by X% against the previous year. The total market indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the stainless steel tableware consumption increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. The level of stainless steel tableware consumption peaked in 2017, and is expected to retain its growth in the near future.

Stainless Steel Tableware Production in Asia

The stainless steel tableware production stood at X units in 2017, growing by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2010, when the output figure increased by X% against the previous year. The volume of stainless steel tableware production peaked in 2017, and is likely to continue its growth in the near future.

Stainless Steel Tableware Exports in Asia

In 2017, the amount of table flatware of stainless steel exported in Asia amounted to X units, remaining constant against the previous year. The stainless steel tableware exports continue to indicate a measured curtailment. The pace of growth appeared the most rapid in 2010, with an increase of X% y-o-y. Over the period under review, the stainless steel tableware exports attained its maximum volume of X units in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, stainless steel tableware exports stood at $X in 2017. The stainless steel tableware exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Stainless Steel Tableware Exports by Country in Asia

China dominates stainless steel tableware exports structure, recording X units, which was approx. X% of total exports in 2017. Vietnam (X units), India (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to stainless steel tableware exports from China stood at -X%. At the same time, Vietnam (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. By contrast, India (-X%) illustrated a downward trend over the same period. While the share of China (X%) increased significantly in terms of the global exports from 2007-2017, the share of Vietnam (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest stainless steel tableware supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global exports. It was followed by India, with a X% share.

In China, stainless steel tableware exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Vietnam (+X% per year) and India (+X% per year).

Stainless Steel Tableware Export Prices by Country in Asia

The stainless steel tableware export price in Asia stood at $X per thousand units in 2017, coming up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011, an increase of X% y-o-y. The level of export price peaked of $X per thousand units in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Vietnam ($X per unit), while the United Arab Emirates ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Stainless Steel Tableware Imports in Asia

In 2017, approx. X units of table flatware of stainless steel were imported in Asia; jumping by X% against the previous year. The stainless steel tableware imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when imports increased by X% against the previous year. Over the period under review, the stainless steel tableware imports attained its peak figure volume of X units in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, stainless steel tableware imports totaled $X in 2017. The stainless steel tableware imports continue to indicate a relatively flat trend pattern. Over the period under review, the stainless steel tableware imports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Stainless Steel Tableware Imports by Country in Asia

The United Arab Emirates (X units), Saudi Arabia (X units), Iran (X units), Taiwan, Chinese (X units) and Turkey (X units) represented roughly X% of total imports of table flatware of stainless steel in 2017. Thailand (X units) ranks second in terms of the global imports with a X% share, followed by China, Hong Kong SAR (X%) and the Philippines (X%). South Korea (X units), Japan (X units), Indonesia (X units) and China (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel tableware markets worldwide were China, Hong Kong SAR ($X), Turkey ($X) and South Korea ($X), with a combined X% share of total imports. These countries were followed by the United Arab Emirates, Japan, Taiwan, Chinese, the Philippines, Saudi Arabia, China, Iran, Thailand and Indonesia, which together accounted for a further X%.

Taiwan, Chinese (+X% per year) recorded the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Stainless Steel Tableware Import Prices by Country in Asia

The stainless steel tableware import price in Asia stood at $X per thousand units in 2017, remaining stable against the previous year. The stainless steel tableware import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, an increase of X% year-to-year. In that year, the import prices for table flatware of stainless steel reached their peak level of $X per thousand units. From 2009 to 2017, growth of the import prices for table flatware of stainless steel failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Japan ($X per unit), while Iran ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform