Hong Kong SAR, China: Table Knife Market 2025

Table Knife Market Size in Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in the Hong Kong table knife market, when its value decreased by -58.1% to $X. Over the period under review, consumption showed a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Table Knife Production in Hong Kong SAR, China

In value terms, table knife production rose significantly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Table Knife Exports

Exports from Hong Kong SAR, China

In 2022, after four years of decline, there was significant growth in shipments abroad of table knives, when their volume increased by 26% to X units. Overall, exports, however, faced a precipitous shrinkage. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, table knife exports declined to $X in 2022. In general, exports, however, saw a dramatic slump. The pace of growth appeared the most rapid in 2017 with an increase of 11%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Japan (X units) and France (X units) were the main destinations of table knife exports from Hong Kong SAR, together comprising 70% of total exports. These countries were followed by China, Singapore, the UK, the Philippines, Germany and the Netherlands, which together accounted for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +11.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for table knife exported from Hong Kong SAR were the United States ($X), Japan ($X) and France ($X), together accounting for 70% of total exports. China, Singapore, the UK, the Philippines, Germany and the Netherlands lagged somewhat behind, together comprising a further 21%.

The Philippines, with a CAGR of +10.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average table knife export price amounted to $X per unit, waning by -20.9% against the previous year. Over the period under review, the export price showed a mild slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 24%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per unit) and Japan ($X per unit), while the average price for exports to Singapore ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+0.6%), while the prices for the other major destinations experienced a decline.

Table Knife Imports

Imports into Hong Kong SAR, China

Table knife imports into Hong Kong SAR declined sharply to X units in 2022, shrinking by -58.8% compared with the previous year. Over the period under review, imports continue to indicate a dramatic decline. The growth pace was the most rapid in 2013 with an increase of 54% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, table knife imports shrank rapidly to $X in 2022. In general, imports recorded a sharp descent. The growth pace was the most rapid in 2013 when imports increased by 53% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest table knife supplier to Hong Kong SAR, accounting for a 56% share of total imports. Moreover, table knife imports from China exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. Japan (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.6% per year) and Japan (+17.6% per year).

In value terms, China ($X) constituted the largest supplier of table knives to Hong Kong SAR, comprising 56% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.2% per year) and Japan (+16.1% per year).

Import Prices by Country

The average table knife import price stood at $X per unit in 2022, dropping by -3% against the previous year. In general, the import price continues to indicate a slight decline. The growth pace was the most rapid in 2021 when the average import price increased by 18% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and Japan ($X per unit), while the price for China ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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