Bangladesh: Table Knife Market 2024

Table Knife Market Size in Bangladesh

The Bangladeshi table knife market fell modestly to $X in 2022, with a decrease of -4.7% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Table Knife Production in Bangladesh

In value terms, table knife production contracted slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 38%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Table Knife Exports

Exports from Bangladesh

In 2022, approx. X units of table knives were exported from Bangladesh; jumping by 47% against the previous year. In general, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 135%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, table knife exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 66%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for table knife exports from Bangladesh, accounting for a 86% share of total exports. Moreover, table knife exports to Germany exceeded the volume sent to the second major destination, Switzerland (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-3.1% per year) and Poland (+0.2% per year).

In value terms, Germany ($X) remains the key foreign market for table knives exports from Bangladesh, comprising 61% of total exports. The second position in the ranking was held by Poland ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+4.8% per year) and Switzerland (-10.1% per year).

Export Prices by Country

The average table knife export price stood at $X per unit in 2022, increasing by 7.3% against the previous year. Overall, the export price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 69%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.7%), while the prices for the other major destinations experienced a decline.

Table Knife Imports

Imports into Bangladesh

In 2022, purchases abroad of table knives decreased by -27.9% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 511% against the previous year. Imports peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, table knife imports contracted remarkably to $X in 2022. In general, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 281% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of table knife to Bangladesh, with a 70% share of total imports. Moreover, table knife imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), sixfold. Italy (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+30.5% per year) and Italy (+15.7% per year).

In value terms, China ($X) constituted the largest supplier of table knives to Bangladesh, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.3% per year) and Hong Kong SAR (+29.5% per year).

Import Prices by Country

The average table knife import price stood at $X per unit in 2022, with an increase of 8.7% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 65%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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