Thailand: Table Knife Market 2024

Table Knife Market Size in Thailand

The Thai table knife market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, continues to indicate a pronounced setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Table Knife Production in Thailand

In value terms, table knife production fell modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 22%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Table Knife Exports

Exports from Thailand

In 2022, overseas shipments of table knives increased by 2.1% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 75%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, table knife exports shrank to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Nepal (X units) and Cambodia (X units) were the main destinations of table knife exports from Thailand, with a combined 55% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nepal (with a CAGR of +694.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for table knife exported from Thailand were the United States ($X), Cambodia ($X) and Vietnam ($X), with a combined 62% share of total exports. These countries were followed by Nepal, Australia, Canada, Myanmar, Maldives, India and France, which together accounted for a further 27%.

In terms of the main countries of destination, Nepal, with a CAGR of +706.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average table knife export price stood at $X per unit in 2022, which is down by -9.5% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2019 an increase of 25%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Myanmar ($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 Nepal (+1.6%), while the prices for the other major destinations experienced a decline.

Table Knife Imports

Imports into Thailand

In 2022, purchases abroad of table knives increased by 33% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports showed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 711%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, table knife imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 501%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest table knife supplier to Thailand, accounting for a 71% share of total imports. Moreover, table knife imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sevenfold. The third position in this ranking was taken by Japan (X units), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+28.5% per year) and Japan (+6.3% per year).

In value terms, China ($X) constituted the largest supplier of table knives to Thailand, comprising 62% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.5% share of total imports. It was followed by Vietnam, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.0% per year) and Vietnam (+10.3% per year).

Import Prices by Country

In 2022, the average table knife import price amounted to $X per unit, reducing by -9% against the previous year. In general, the import price faced a deep reduction. The growth pace was the most rapid in 2018 an increase of 60%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :