Market for Wood Kitchenware And Tableware in China
Market Overview
In 
, the Chinese wood kitchenware and tableware market decreased by -% to $ for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a mild decrease. As a result, consumption reached the peak level of $. From 2017 to , the growth of the market failed to regain momentum.
In value terms, wood kitchenware and tableware production dropped modestly to $ in estimated in export price. In general, the total production indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2007 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by % against the previous year. Wood kitchenware and tableware production peaked at $ in , and then dropped slightly in the following year.
, the Chinese wood kitchenware and tableware market decreased by -% to $ for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a mild decrease. As a result, consumption reached the peak level of $. From 2017 to , the growth of the market failed to regain momentum.In value terms, wood kitchenware and tableware production dropped modestly to $
in estimated in export price. In general, the total production indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2007 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by % against the previous year. Wood kitchenware and tableware production peaked at $ in , and then dropped slightly in the following year.Consumption
In , approx. tons of tableware and kitchenware of wood were consumed in China; picking up by % compared with the previous year. Overall, consumption, however, saw a mild reduction. Wood kitchenware and tableware consumption peaked at tons in ; however, from to , consumption remained at a lower figure.
The revenue of the wood kitchenware and tableware market in China stood at $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2017 to , the growth of the market failed to regain momentum.
, approx. tons of tableware and kitchenware of wood were consumed in China; picking up by % compared with the previous year. Overall, consumption, however, saw a mild reduction. Wood kitchenware and tableware consumption peaked at tons in ; however, from to , consumption remained at a lower figure.The revenue of the wood kitchenware and tableware market in China stood at $
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2017 to , the growth of the market failed to regain momentum.Market Forecast
Driven by rising demand for wood kitchenware and tableware in China, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
China remains a net exporter of wood kitchenware and tableware; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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