India: Table Flatware Market 2025

Table Flatware Market Size in India

The Indian table flatware market reached $X in 2022, remaining relatively unchanged against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.2% against 2020 indices. Table flatware consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Table Flatware Production in India

In value terms, table flatware production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a measured expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Table Flatware Exports

Exports from India

In 2022, approx. X tons of table flatware were exported from India; approximately mirroring the previous year. In general, exports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, table flatware exports rose notably to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +64.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for table flatware exports from India, accounting for a 23% share of total exports. Moreover, table flatware exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The UK (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+10.0% per year) and the UK (-4.2% per year).

In value terms, the United States ($X) remains the key foreign market for table flatware exports from India, comprising 30% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.2% share of total exports. It was followed by the UK, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+15.0% per year) and the UK (+3.3% per year).

Export Prices by Country

In 2022, the average table flatware export price amounted to $X per ton, rising by 13% against the previous year. In general, the export price showed strong growth. The pace of growth was the most pronounced in 2021 an increase of 23% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Table Flatware Imports

Imports into India

In 2022, imports of table flatware into India skyrocketed to X tons, jumping by 25% compared with the year before. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, table flatware imports skyrocketed to $X in 2022. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 77%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest table flatware supplier to India, with a 88% share of total imports. Moreover, table flatware imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+20.2% per year) and Malaysia (+43.4% per year).

In value terms, China ($X) constituted the largest supplier of table flatware to India, comprising 73% of total imports. The second position in the ranking was held by Malaysia ($X), with a 6.2% share of total imports. It was followed by Hong Kong SAR, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+48.3% per year) and Hong Kong SAR (+16.6% per year).

Import Prices by Country

In 2022, the average table flatware import price amounted to $X per ton, remaining constant against the previous year. In general, the import price showed a noticeable downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 30%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :