China: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in China

The Chinese stainless steel household articles market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in China

In value terms, stainless steel household articles production expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Stainless steel household articles production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from China

In 2022, shipments abroad of table, kitchen or household articles and parts of stainless steel decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then contracted in the following year.

In value terms, stainless steel household articles exports fell slightly to $X in 2022. In general, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

The United States (X units) was the main destination for stainless steel household articles exports from China, accounting for a X% share of total exports. Moreover, stainless steel household articles exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fourfold. Vietnam (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Vietnam (X% per year).

In value terms, the United States ($X) remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from China, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel household articles export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Russia ($X 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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into China

In 2022, the amount of table, kitchen or household articles and parts of stainless steel imported into China declined rapidly to X units, waning by X% on 2021 figures. Over the period under review, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, stainless steel household articles imports declined dramatically to $X in 2022. In general, imports saw a perceptible descent. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Thailand (X units), Germany (X units) and Japan (X units) were the main suppliers of stainless steel household articles imports to China, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Germany ($X) and Japan ($X) were the largest stainless steel household articles suppliers to China, with a combined X% share of total imports.

Among the main suppliers, Japan, with a CAGR of X%, recorded the highest growth rate of 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

The average stainless steel household articles import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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