Saudi Arabia: Table Flatware Market 2024

Table Flatware Market Size in Saudi Arabia

After four years of growth, the Saudi table flatware market decreased by X% to $X in 2022. Over the period under review, consumption, however, enjoyed buoyant growth. Table flatware consumption peaked at $X in 2021, and then reduced slightly in the following year.

Table Flatware Production in Saudi Arabia

In value terms, table flatware production soared to $X in 2022 estimated in export price. Overall, production saw strong growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Table flatware production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Table Flatware Exports

Exports from Saudi Arabia

Table flatware exports from Saudi Arabia shrank remarkably to X tons in 2022, with a decrease of X% on 2021. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, table flatware exports contracted notably to $X in 2022. Over the period under review, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X tons), Ethiopia (X tons) and Spain (X tons) were the main destinations of table flatware exports from Saudi Arabia, with a combined X% share of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Oman ($X) and Germany ($X) were the largest markets for table flatware exported from Saudi Arabia worldwide, together comprising X% of total exports.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average table flatware export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, export price indicated a modest expansion from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, table flatware export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Table Flatware Imports

Imports into Saudi Arabia

In 2022, approx. X tons of table flatware were imported into Saudi Arabia; declining by X% compared with the year before. In general, imports showed a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, table flatware imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest table flatware supplier to Saudi Arabia, with a X% share of total imports. Moreover, table flatware imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of table flatware to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

In 2022, the average table flatware import price amounted to $X per ton, declining by X% against the previous year. Overall, import price indicated pronounced growth 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, table flatware import price increased by X% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India stood at $X per ton.

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

Source: IndexBox Platform