U.S.: Table Flatware Market 2024

Table Flatware Market Size in the U.S.

After four years of growth, the U.S. table flatware market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Table flatware consumption peaked at $X in 2021, and then reduced in the following year.

Table Flatware Production in the U.S.

In value terms, table flatware production shrank to $X in 2022. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Table Flatware Exports

Exports from the U.S.

In 2022, exports of table flatware from the United States fell notably to X tons, shrinking by X% on the previous year's figure. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, table flatware exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for table flatware exports from the United States, with a X% share of total exports. Moreover, table flatware exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was taken by Barbados (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Barbados (X% per year).

In value terms, Canada ($X) remains the key foreign market for table flatware exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the average table flatware export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price enjoyed strong growth. The growth pace was the most rapid in 2020 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 ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Anguilla ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Table Flatware Imports

Imports into the U.S.

In 2022, purchases abroad of table flatware decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, table flatware imports dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of table flatware to the United States, accounting for a X% share of total imports. Moreover, table flatware imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), ninefold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of table flatware to the United States, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average table flatware import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, saw a abrupt shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform