India - Table Flatware - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTable Flatware Price in India - 2023
Contents:
- Table Flatware Price in India (FOB) - 2023
- Table Flatware Price in India (CIF) - 2023
- Table Flatware Exports in India
- Table Flatware Imports in India
Table Flatware Price in India (FOB) - 2023
The average table flatware export price stood at $5,963 per ton in July 2023, reducing by -4.8% against the previous month. Over the period under review, the export price saw a mild slump. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 16% month-to-month. The export price peaked at $7,402 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($8,028 per ton), while the average price for exports to Nigeria ($2,677 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+0.1%), while the prices for the other major destinations experienced a decline.
Table Flatware Price in India (CIF) - 2023
In July 2023, the average table flatware import price amounted to $1,666 per ton, increasing by 26% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 47% m-o-m. The import price peaked at $2,015 per ton in August 2022; however, from September 2022 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to +0.1% per month.
Table Flatware Exports in India
Table flatware exports from India dropped to 11K tons in 2022, standing approx. at 2021 figures. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
In value terms, table flatware exports stood at $74M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
Export of Table Flatware in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 16.1 | 14.1 | 21.0 | 22.5 | 11.8% |
United Arab Emirates | 2.9 | 2.0 | 3.4 | 6.1 | 28.1% |
United Kingdom | 3.6 | 2.7 | 4.1 | 5.2 | 13.0% |
Australia | 3.7 | 3.7 | 4.9 | 5.0 | 10.6% |
France | 1.9 | 1.9 | 3.3 | 3.0 | 16.4% |
Saudi Arabia | 1.0 | 1.2 | 2.0 | 2.0 | 26.0% |
Netherlands | 2.1 | 0.9 | 1.8 | 2.0 | -1.6% |
Greece | 0.9 | 0.7 | 1.3 | 1.8 | 26.0% |
Spain | 1.1 | 0.9 | 1.3 | 1.8 | 17.8% |
Russia | 1.3 | 0.9 | 1.5 | 1.7 | 9.4% |
Canada | 0.7 | 0.6 | 1.0 | 1.5 | 28.9% |
Nigeria | 1.7 | 1.3 | 1.8 | 1.4 | -6.3% |
Nepal | 1.0 | 0.6 | 1.0 | 1.0 | 0.0% |
Others | 18.9 | 13.5 | 17.6 | 19.3 | 0.7% |
Total | 57.0 | 45.0 | 65.9 | 74.0 | 9.1% |
Top Export Markets for Table Flatware from India in 2022:
- United States (2491.1 tons)
- United Arab Emirates (1002.8 tons)
- United Kingdom (771.0 tons)
- Australia (739.8 tons)
- France (477.6 tons)
- Nigeria (382.7 tons)
- Saudi Arabia (345.5 tons)
- Nepal (334.4 tons)
- Netherlands (264.5 tons)
- Russia (217.9 tons)
- Greece (214.9 tons)
- Canada (210.7 tons)
- Spain (207.1 tons)
Table Flatware Imports in India
In 2022, the amount of table flatware imported into India skyrocketed to 2.4K tons, increasing by 25% compared with the year before. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, table flatware imports surged to $9.3M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
Import of Table Flatware in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.6 | 3.7 | 5.7 | 6.7 | 23.0% |
Malaysia | N/A | N/A | 0.2 | 0.6 | 200.0% |
Hong Kong SAR | 0.1 | 0.2 | 0.1 | 0.3 | 44.2% |
United Kingdom | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
Others | 1.4 | 1.0 | 1.4 | 1.5 | 2.3% |
Total | 5.2 | 4.9 | 7.5 | 9.3 | 21.4% |
Top Suppliers of Table Flatware to India in 2022:
- China (2155.6 tons)
- Hong Kong SAR (76.8 tons)
- Malaysia (56.4 tons)
- United Kingdom (49.7 tons)
This report provides an in-depth analysis of the table flatware market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25711430 - Table flatware (excluding table knives, including fish-knives and butter-knives) and similar tableware of stainless steel or other base metal
- Prodcom 25711480 - Table flatware (excluding table knives, including fish-knives and butter-knives) and similar tableware of base metal, silver- , gold- or platinum plated
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the table flatware market in India.
This report provides an in-depth analysis of the market for silver and gold plated flatware in India.
This report provides an in-depth analysis of the stainless steel tableware market in India.
This report provides an in-depth analysis of the global table flatware market.
Global Market for Silver And Gold Plated Flatware. This report provides an in-depth analysis of the global market for silver and gold plated flatware.
Global Stainless Steel Tableware Market Report 2018. This report provides an in-depth analysis of the global stainless steel tableware market.
This report provides an in-depth analysis of the table flatware market in India.
This report provides an in-depth analysis of the market for silver and gold plated flatware in India.
This report provides an in-depth analysis of the stainless steel tableware market in India.
This report provides an in-depth analysis of the global table flatware market.
In December 2022, the rate of growth for Table Flatware was the most prominent, with a month-on-month increase of 29%. However, in September 2023, the value of table flatware exports decreased to $6.5M.
U.S. ($515M) constitutes the largest market for imported table flatware worldwide, comprising 21% of global imports
In 2016, the global tableware imports amounted to X tons, approximately equating the previous year figure. Overall, tableware imports continue to indicate a relatively flat trend pattern. The pac...
In 2016, the global tableware imports amounted to X tons, approximately equating the previous year figure. Overall, tableware imports continue to indicate a relatively flat trend pattern. The pac...
In value terms, base metals and silver, clad with gold imports stood at $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an average ann...
In value terms, base metals, silver and gold, clad with platinum imports stood at $X in 2016. In general, base metals, silver and gold, clad with platinum imports continue to indicate a prominent i...
In value terms, base metals and silver, clad with gold exports totaled $X in 2016. Overall, it indicated a mild increase from 2007 to 2016: the total exports value increased at an average annual rat...
In value terms, base metals, silver and gold, clad with platinum exports totaled $X in 2016. Overall, base metals, silver and gold, clad with platinum exports continue to indicate a deep shrinkage. O...
In December 2022, the rate of growth for Table Flatware was the most prominent, with a month-on-month increase of 29%. However, in September 2023, the value of table flatware exports decreased to $6.5M.
U.S. ($515M) constitutes the largest market for imported table flatware worldwide, comprising 21% of global imports