Overview of the Global Market for Tableware And Kitchenware Of Wood

Market Size for Tableware And Kitchenware Of Wood

For the third year in a row, the global wood kitchenware and tableware market recorded growth in sales value, which increased by 12% to $X in 2021. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +79.4% against 2012 indices. Over the period under review, the global market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Production of Tableware And Kitchenware Of Wood

In value terms, wood kitchenware and tableware production contracted slightly to $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +29.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 27%. Global production peaked at $X in 2020, and then dropped in the following year.

Exports of Tableware And Kitchenware Of Wood

Exports

In 2021, approx. X tons of tableware and kitchenware of wood were exported worldwide; jumping by 30% on the year before. Overall, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.9% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood kitchenware and tableware exports surged to $X in 2021. In general, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X tons, which was near 69% of total exports in 2021. It was distantly followed by Vietnam (X tons), generating a 6.2% share of total exports. The Netherlands (X tons), Germany (X tons), India (X tons), Indonesia (X tons), Thailand (X tons) and Russia (X tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +7.1% from 2012 to 2021. At the same time, Indonesia (+28.4%), India (+22.7%), Russia (+17.5%), Vietnam (+13.3%), the Netherlands (+11.9%), Germany (+11.0%) and Thailand (+3.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.4% from 2012-2021. Vietnam (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -5.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wood kitchenware and tableware supplier worldwide, comprising 59% of global exports. The second position in the ranking was held by Vietnam ($X), with a 4.8% share of global exports. It was followed by Germany, with a 4.2% share.

In China, wood kitchenware and tableware exports expanded at an average annual rate of +12.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+11.2% per year) and Germany (+12.3% per year).

Export Prices by Country

In 2021, the average wood kitchenware and tableware export price amounted to $X per ton, increasing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.1%), while the other global leaders experienced more modest paces of growth.

Imports of Tableware And Kitchenware Of Wood

Imports

For the fifth year in a row, the global market recorded growth in purchases abroad of tableware and kitchenware of wood, which increased by 24% to X tons in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.3% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood kitchenware and tableware imports skyrocketed to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +130.7% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons) and Japan (X tons) were the main importers of tableware and kitchenware of wood in 2021, amounting to near 19% and 15% of total imports, respectively. It was distantly followed by Germany (X tons), China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together committing a 21% share of total imports. The Netherlands (X tons), France (X tons), the UK (X tons), Australia (X tons), Thailand (X tons), Russia (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +15.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported tableware and kitchenware of wood worldwide, comprising 21% of global imports. The second position in the ranking was taken by Japan ($X), with an 11% share of global imports. It was followed by Germany, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +13.5%. In the other countries, the average annual rates were as follows: Japan (-0.7% per year) and Germany (+11.1% per year).

Import Prices by Country

In 2021, the average wood kitchenware and tableware import price amounted to $X per ton, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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