Thailand: Table Flatware Market 2025

Table Flatware Market Size in Thailand

The Thai table flatware market shrank to $X in 2022, which is down by -12.4% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Table flatware consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Table Flatware Production in Thailand

In value terms, table flatware production fell remarkably to $X in 2022 estimated in export price. Overall, production showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 61% against the previous year. Table flatware production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Table Flatware Exports

Exports from Thailand

After four years of decline, overseas shipments of table flatware increased by 18% to X tons in 2022. In general, exports, however, recorded a abrupt descent. The growth pace was the most rapid in 2013 when exports increased by 23%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, table flatware exports expanded significantly to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by 20%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Myanmar (X tons) and Cambodia (X tons) were the main destinations of table flatware exports from Thailand, with a combined 56% 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 Myanmar (with a CAGR of +70.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Myanmar ($X) and Cambodia ($X) constituted the largest markets for table flatware exported from Thailand worldwide, with a combined 46% share of total exports.

Myanmar, with a CAGR of +54.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average table flatware export price amounted to $X per ton, shrinking by -9.9% against the previous year. Overall, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United Arab Emirates ($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 Cambodia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Table Flatware Imports

Imports into Thailand

For the third year in a row, Thailand recorded growth in supplies from abroad of table flatware, which increased by 5.9% to X tons in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +58.1% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, table flatware imports soared to $X in 2022. Overall, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +24.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 47%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of table flatware to Thailand, with a 95% share of total imports. It was followed by Japan (X tons), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+13.3% per year) and Vietnam (-12.9% per year).

In value terms, China ($X) constituted the largest supplier of table flatware to Thailand, comprising 85% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 4.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-5.3% per year) and Japan (-0.5% per year).

Import Prices by Country

The average table flatware import price stood at $X per ton in 2022, with an increase of 14% against the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 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 Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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