Southern Asia: Table Flatware Market 2025

Table Flatware Market Size in Southern Asia

The South Asian table flatware market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Table Flatware Production in Southern Asia

In value terms, table flatware production expanded slightly to $X in 2022 estimated in export price. The total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Table Flatware Exports

Exports in Southern Asia

In 2022, exports of table flatware in Southern Asia fell slightly to X tons, flattening at the year before. Over the period under review, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, table flatware exports totaled $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +65.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 47%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, India (X tons) represented the key exporter of table flatware in Southern Asia, mixing up 98% of total export.

India was also the fastest-growing in terms of the table flatware exports, with a CAGR of -2.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest table flatware supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +5.8%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2021 an increase of 23% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain 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 2022, the rate of growth in terms of prices for India amounted to +8.9% per year.

Table Flatware Imports

Imports in Southern Asia

In 2022, approx. X tons of table flatware were imported in Southern Asia; increasing by 4.4% on the previous year's figure. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, table flatware imports stood at $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +10.9% 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 +21.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 58%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

India (X tons) and Bangladesh (X tons) dominates imports structure, together committing 83% of total imports. Nepal (X tons) took the next position in the ranking, followed by Sri Lanka (X tons). All these countries together held near 13% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +22.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest table flatware importing markets in Southern Asia were Bangladesh ($X), India ($X) and Sri Lanka ($X), with a combined 87% share of total imports.

Bangladesh, with a CAGR of +30.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, declining by -2.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 20% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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