South-Eastern Asia: Table Knife Market 2024

Table Knife Market Size in South-Eastern Asia

In 2023, the Southeast Asian table knife market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Table Knife Production in South-Eastern Asia

In value terms, table knife production stood at $X in 2023 estimated in export price. In general, production, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Table Knife Exports

Exports in South-Eastern Asia

In 2023, after two years of growth, there was decline in shipments abroad of table knives, when their volume decreased by X% to X units. Total exports indicated a resilient increase from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2022, and then shrank slightly in the following year.

In value terms, table knife exports fell slightly to $X in 2023. Total exports indicated modest growth 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. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Vietnam (X units) was the major exporter of table knives, constituting X% of total exports. It was distantly followed by Thailand (X units), achieving a X% share of total exports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to table knife exports from Vietnam stood at X%. At the same time, Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest table knife supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2023, the export prices remained at a lower figure.

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 Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Table Knife Imports

Imports in South-Eastern Asia

After two years of growth, overseas purchases of table knives decreased by X% to X units in 2023. In general, imports, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, table knife imports shrank to $X in 2023. Overall, imports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

Indonesia (X units) and Thailand (X units) represented roughly X% of total imports in 2023. It was distantly followed by Singapore (X units), Malaysia (X units) and Vietnam (X units), together committing a X% share of total imports. The Philippines (X units) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the import price in South-Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform