Sweden: Table Knife Market 2024

Table Knife Market Size in Sweden

In 2022, the Swedish table knife market increased by 12% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +25.8% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Table Knife Production in Sweden

In value terms, table knife production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a strong expansion. The growth pace was the most rapid in 2017 with an increase of 100%. Table knife production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Table Knife Exports

Exports from Sweden

In 2022, after two years of decline, there was significant growth in overseas shipments of table knives, when their volume increased by 31% to X units. In general, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 50% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, table knife exports rose significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 55% 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

Norway (X units), Denmark (X units) and Finland (X units) were the main destinations of table knife exports from Sweden, together comprising 39% of total exports. These countries were followed by the UK, Poland, Spain, the United States, Germany, Iceland, France, Switzerland, Estonia and Portugal, which together accounted for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +14.6%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for table knives exports from Sweden, comprising 34% of total exports. The second position in the ranking was held by Denmark ($X), with an 11% share of total exports. It was followed by Finland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-4.8% per year) and Finland (-7.2% per year).

Export Prices by Country

The average table knife export price stood at $X per unit in 2022, which is down by -19.4% against the previous year. Overall, the export price, however, recorded slight growth. The most prominent rate of growth was recorded in 2016 an increase of 109% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Table Knife Imports

Imports into Sweden

In 2022, purchases abroad of table knives increased by 49% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a mild decrease. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, table knife imports soared to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 47% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of table knife to Sweden, accounting for a 44% share of total imports. Moreover, table knife imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Vietnam (X units), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.1% per year) and Vietnam (-2.6% per year).

In value terms, China ($X), Germany ($X) and Denmark ($X) constituted the largest table knife suppliers to Sweden, with a combined 68% share of total imports.

In terms of the main suppliers, Denmark, with a CAGR of +14.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average table knife import price amounted to $X per unit, waning by -14.8% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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