Eastern Asia: Table Knife Market 2024

Table Knife Market Size in Eastern Asia

The East Asian table knife market soared to $X in 2023, with an increase of X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Table Knife Production in Eastern Asia

In value terms, table knife production rose markedly to $X in 2023 estimated in export price. The total production indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

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Table Knife Exports

Exports in Eastern Asia

In 2023, after six years of growth, there was significant decline in shipments abroad of table knives, when their volume decreased by X% to X units. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2022, and then reduced in the following year.

In value terms, table knife exports shrank to $X in 2023. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, China (X units) represented the major exporter of table knives in Eastern Asia, making up X% of total export.

China was also the fastest-growing in terms of the table knives exports, with a CAGR of X% from 2012 to 2023. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest table knife supplier in Eastern Asia.

From 2012 to 2023, the average annual growth rate of value in China totaled X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, shrinking by X% against the previous year. Over the period under review, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Table Knife Imports

Imports in Eastern Asia

In 2023, purchases abroad of table knives decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2022, and then declined modestly in the following year.

In value terms, table knife imports declined slightly to $X in 2023. Total imports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then contracted in the following year.

Imports by Country

South Korea dominates imports structure, accounting for X units, which was approx. X% of total imports in 2023. It was distantly followed by Japan (X units) and China (X units), together comprising a X% share of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to table knife imports into South Korea stood at X%. At the same time, China (X%) and Japan (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. South Korea (X p.p.), China (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, South Korea ($X) constitutes the largest market for imported table knives in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Korea totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, stabilizing at the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform