Southern Asia: Market for Tableware And Kitchenware Of Wood 2024

Market Size for Tableware And Kitchenware Of Wood in Southern Asia

In 2021, after two years of growth, there was significant decline in the South Asian wood kitchenware and tableware market, when its value decreased by -5.8% to $X. Over the period under review, consumption, however, continues to indicate a buoyant expansion. The level of consumption peaked at $X in 2020, and then fell in the following year.

Production of Tableware And Kitchenware Of Wood in Southern Asia

In value terms, wood kitchenware and tableware production contracted slightly to $X in 2021 estimated in export price. In general, production, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 61%. Over the period under review, production attained the peak level at $X in 2020, and then reduced modestly in the following year.

Exports of Tableware And Kitchenware Of Wood

Exports in Southern Asia

For the fourth consecutive year, Southern Asia recorded growth in shipments abroad of tableware and kitchenware of wood, which increased by 113% to X tons in 2021. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood kitchenware and tableware exports soared to $X in 2021. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of tableware and kitchenware of wood, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the tableware and kitchenware of wood exports, with a CAGR of +22.7% from 2012 to 2021. While the share of India (+7.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest wood kitchenware and tableware supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +32.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, picking up by 12% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood kitchenware and tableware export price increased by +42.5% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 20%. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +8.1% per year.

Imports of Tableware And Kitchenware Of Wood

Imports in Southern Asia

Wood kitchenware and tableware imports soared to X tons in 2021, jumping by 53% on the previous year's figure. Overall, imports showed resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by 120% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, wood kitchenware and tableware imports surged to $X in 2021. In general, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 76% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

India prevails in imports structure, recording X tons, which was near 86% of total imports in 2021. It was distantly followed by Pakistan (X tons), constituting a 9.8% share of total imports. Nepal (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wood kitchenware and tableware imports into India stood at +35.2%. At the same time, Nepal (+37.7%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +37.7% from 2012-2021. By contrast, Pakistan (-4.1%) illustrated a downward trend over the same period. India (+60 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -54.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported tableware and kitchenware of wood in Southern Asia, comprising 84% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 6.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India amounted to +26.5%. In the other countries, the average annual rates were as follows: Pakistan (-10.3% per year) and Nepal (+36.8% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, increasing by 2% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2015 when the import price increased by 17%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nepal ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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