GCC: Table Knife Market 2024

Table Knife Market Size in GCC

In 2023, after two years of growth, there was decline in the GCC table knife market, when its value decreased by X% to $X. The total consumption indicated a temperate increase 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. Based on 2023 figures, consumption increased by X% against 2018 indices. The level of consumption peaked at $X in 2022, and then reduced modestly in the following year.

Table Knife Production in GCC

In value terms, table knife production rose markedly to $X in 2023 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Table Knife Exports

Exports in GCC

In 2023, overseas shipments of table knives decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2022, and then contracted in the following year.

In value terms, table knife exports fell significantly to $X in 2023. Over the period under review, exports, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2023. It was distantly followed by Saudi Arabia (X units), mixing up a X% share of total exports. Bahrain (X units) took a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the table knives exports, with a CAGR of X% from 2012 to 2023. At the same time, Saudi Arabia (X%) displayed positive paces of growth. By contrast, Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest table knife supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per unit, waning by X% against the previous year. Overall, the export price showed a deep downturn. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

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

Table Knife Imports

Imports in GCC

In 2023, after two years of growth, there was significant decline in overseas purchases of table knives, when their volume decreased by X% to X units. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of X units, and then shrank sharply in the following year.

In value terms, table knife imports reduced markedly to $X in 2023. In general, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

The United Arab Emirates was the main importer of table knives in GCC, with the volume of imports resulting at X units, which was approx. X% of total imports in 2023. Qatar (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%). The following importers - Bahrain (X units) and Oman (X units) - each amounted to a X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Qatar (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. Bahrain experienced a relatively flat trend pattern. From 2012 to 2023, the share of the United Arab Emirates and Qatar increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported table knives in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, table knife imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform