GCC: Table Knife Market 2025

Table Knife Market Size in GCC

The GCC table knife market rose significantly to $X in 2022, with an increase of 6.4% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Table Knife Production in GCC

In value terms, table knife production reached $X in 2022 estimated in export price. Overall, production, however, recorded a mild reduction. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Table Knife Exports

Exports in GCC

Table knife exports shrank to X units in 2022, waning by -8.2% compared with the year before. Total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +5.0% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 40% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, table knife exports dropped to $X in 2022. Over the period under review, exports showed a perceptible contraction. The growth pace was the most rapid in 2014 when exports increased by 61% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, recording X units, which was approx. 85% of total exports in 2022. It was distantly followed by Bahrain (X units), creating an 8.6% share of total exports. Kuwait (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +2.6% from 2012 to 2022. At the same time, Kuwait (+42.2%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +42.2% from 2012-2022. By contrast, Bahrain (-3.1%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+6.6 p.p.) and Kuwait (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bahrain (-5.5 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest table knife supplier in GCC, comprising 76% of total exports. The second position in the ranking was held by Bahrain ($X), with a 17% share of total exports.

In the United Arab Emirates, table knife exports shrank by an average annual rate of -6.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bahrain (+3.7% per year) and Kuwait (+49.3% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, dropping by -1.6% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the export price increased by 15% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Bahrain ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+7.1%), while the other leaders experienced mixed trends in the export price figures.

Table Knife Imports

Imports in GCC

Table knife imports rose modestly to X units in 2022, increasing by 4.1% on the year before. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 66% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, table knife imports reached $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 60% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United Arab Emirates (X units) represented the largest importer of table knives, creating 61% of total imports. Qatar (X units) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (6.8%). The following importers - Oman (X units) and Bahrain (X units) - each amounted to a 6.8% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to table knife imports into the United Arab Emirates stood at +5.6%. At the same time, Qatar (+21.7%), Kuwait (+10.4%) and Oman (+8.6%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +21.7% from 2012-2022. Bahrain experienced a relatively flat trend pattern. From 2012 to 2022, the share of Qatar increased by +18 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported table knives in GCC, comprising 57% of total imports. The second position in the ranking was held by Qatar ($X), with a 27% share of total imports. It was followed by Kuwait, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +9.8%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+16.8% per year) and Kuwait (+10.0% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, which is down by -3% against the previous year. In general, the import price saw a noticeable descent. The most prominent rate of growth was recorded in 2021 when the import price increased by 19%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kuwait ($X per unit) and Qatar ($X per unit), while the United Arab Emirates ($X per unit) and Oman ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform