Asia-Pacific: Table Knife Market 2025

Table Knife Market Size in Asia-Pacific

The Asia-Pacific table knife market surged to $X in 2022, with an increase of 46% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Table Knife Production in Asia-Pacific

In value terms, table knife production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Table Knife Exports

Exports in Asia-Pacific

Table knife exports expanded rapidly to X units in 2022, picking up by 11% compared with 2021 figures. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, table knife exports shrank to $X in 2022. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

China prevails in exports structure, reaching X units, which was approx. 92% of total exports in 2022. The following exporters - Vietnam (X units), India (X units) and Thailand (X units) - together made up 7.1% of total exports.

Exports from China increased at an average annual rate of +18.5% from 2012 to 2022. At the same time, India (+43.6%), Thailand (+9.5%) and Vietnam (+4.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +43.6% from 2012-2022. China (+20 p.p.) and India (+2 p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by -6.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest table knife supplier in Asia-Pacific, comprising 83% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 8.1% share of total exports. It was followed by India, with a 4.2% share.

In China, table knife exports expanded at an average annual rate of +16.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+1.9% per year) and India (+46.1% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, shrinking by -17.7% against the previous year. In general, the export price showed a noticeable downturn. The pace of growth was the most pronounced in 2020 when the export price increased by 3.8%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.7%), while the other leaders experienced a decline in the export price figures.

Table Knife Imports

Imports in Asia-Pacific

In 2022, purchases abroad of table knives increased by 12% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 18%. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, table knife imports shrank modestly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 19%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X units) and South Korea (X units) represented roughly 55% of total imports in 2022. It was distantly followed by Australia (X units), India (X units) and Singapore (X units), together mixing up a 25% share of total imports. Thailand (X units), Vietnam (X units), New Zealand (X units), China (X units), Japan (X units) and Malaysia (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +19.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constitutes the largest market for imported table knives in Asia-Pacific, comprising 48% of total imports. The second position in the ranking was taken by Australia ($X), with a 14% share of total imports. It was followed by Singapore, with a 6.5% share.

In South Korea, table knife imports increased at an average annual rate of +1.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+0.2% per year) and Singapore (+6.1% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, falling by -14.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 15% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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