Wood Kitchenware And Tableware Market

The global wood kitchenware and tableware market is expected to continue growing with a forecasted CAGR of +2.8% in consumption volume and +4.4% in market value from 2022 to 2030. In 2022, the market reached 976K tons in consumption and $3.8B in value. The United States, Japan, and India were the top consumers, while China led in production. Global imports and exports of wood kitchenware and tableware also showed strong growth trends. China was the largest exporter with $1.5B in exports, while the Netherlands saw the fastest growth in production. Average export prices varied by country, with significant fluctuations in prices over the years.

Market Forecast

Driven by increasing demand for tableware and kitchenware of wood worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 1.2M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market value to $5.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Tableware And Kitchenware Of Wood

In 2022, approx. 976K tons of tableware and kitchenware of wood were consumed worldwide; approximately reflecting 2021. The total consumption volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption reached the peak volume at 987K tons in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

The global wood kitchenware and tableware market value was estimated at $3.8B in 2022, increasing by 3.7% 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). In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +42.9% against 2018 indices. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (149K tons), Japan (101K tons) and India (70K tons), together comprising 33% of global consumption. China, Pakistan, Indonesia, Russia, Brazil, South Korea, Taiwan (Chinese), Bangladesh, Germany and France lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +10.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($649M) led the market, alone. The second position in the ranking was held by Bangladesh ($321M). It was followed by India.

In the United States, the wood kitchenware and tableware market increased at an average annual rate of +7.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Bangladesh (+8.0% per year) and India (+6.4% per year).

The countries with the highest levels of wood kitchenware and tableware per capita consumption in 2022 were Taiwan (Chinese) (1,306 kg per 1000 persons), Japan (809 kg per 1000 persons) and South Korea (612 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +10.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Tableware And Kitchenware Of Wood

Global wood kitchenware and tableware production expanded remarkably to 1M tons in 2022, growing by 15% on the previous year's figure. In general, the total production indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +71.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Global production peaked in 2022 and is expected to retain growth in the near future.

In value terms, wood kitchenware and tableware production reached $3.3B in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 26% against the previous year. Global production peaked at $3.3B in 2020; afterwards, it flattened through to 2022.

Production By Country

China (448K tons) constituted the country with the largest volume of wood kitchenware and tableware production, accounting for 43% of total volume. Moreover, wood kitchenware and tableware production in China exceeded the figures recorded by the second-largest producer, the Netherlands (140K tons), threefold. India (68K tons) ranked third in terms of total production with a 6.6% share.

In China, wood kitchenware and tableware production increased at an average annual rate of +3.6% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the Netherlands (+55.3% per year) and India (+3.9% per year).

Imports

World Imports of Tableware And Kitchenware Of Wood

In 2022, global imports of tableware and kitchenware of wood amounted to 693K tons, surging by 7.4% against 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +87.8% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wood kitchenware and tableware imports rose remarkably to $2.6B in 2022. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

The United States (120K tons) and Japan (101K tons) represented roughly 32% of total imports in 2022. China (42K tons) held the next position in the ranking, followed by Germany (38K tons), South Korea (32K tons) and Taiwan (Chinese) (32K tons). All these countries together held approx. 21% share of total imports. France (27K tons), the Netherlands (27K tons), the UK (21K tons), Thailand (19K tons), India (16K tons), Australia (14K tons) and Italy (14K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +44.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($520M), Japan ($275M) and Germany ($195M) constituted the countries with the highest levels of imports in 2022, with a combined 39% share of global imports. France, the Netherlands, the UK, South Korea, Australia, Taiwan (Chinese), Italy, China, India and Thailand lagged somewhat behind, together accounting for a further 30%.

Among the main importing countries, India, with a CAGR of +32.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average wood kitchenware and tableware import price amounted to $3,696 per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2021 when the average import price increased by 12%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($5,964 per ton), while China ($745 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Tableware And Kitchenware Of Wood

For the sixth year in a row, the global market recorded growth in overseas shipments of tableware and kitchenware of wood, which increased by 30% to 755K tons in 2022. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 97%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, wood kitchenware and tableware exports expanded sharply to $2.4B in 2022. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 44% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports By Country

China was the main exporting country with an export of around 437K tons, which finished at 58% of total exports. It was distantly followed by the Netherlands (160K tons), committing a 21% share of total exports. The following exporters - Russia (27K tons), India (15K tons), Vietnam (13K tons) and Thailand (13K tons) - together made up 8.9% of total exports.

From 2012 to 2022, average annual rates of growth with regard to wood kitchenware and tableware exports from China stood at +6.9%. At the same time, the Netherlands (+40.3%), India (+21.7%), Vietnam (+11.3%), Russia (+7.3%) and Thailand (+5.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +40.3% from 2012-2022. From 2012 to 2022, the share of the Netherlands increased by +19 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.5B) remains the largest wood kitchenware and tableware supplier worldwide, comprising 61% of global exports. The second position in the ranking was taken by the Netherlands ($104M), with a 4.3% share of global exports. It was followed by Vietnam, with a 3.4% share.

In China, wood kitchenware and tableware exports increased at an average annual rate of +12.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+14.4% per year) and Vietnam (+13.9% per year).

Export Prices By Country

In 2022, the average wood kitchenware and tableware export price amounted to $3,185 per ton, reducing by -16.5% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price 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. The growth pace was the most rapid in 2016 an increase of 95%. As a result, the export price attained the peak level of $5,785 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($6,379 per ton), while the Netherlands ($648 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform