Cutlery & Kitchen Utensil Manufacturing in China - Industry Market Research Report

Cutlery & Kitchen Utensil Manufacturing in China - Industry Market Research Report

Cutlery & Kitchen Utensil Manufacturing in China

Revenue for the Cutlery and Kitchen Utensil Manufacturing industry in China is expected to fall at an annualized 4.3% over the five years through 2023, to total $26.9billion. The COVID-19 outbreak in early 2020 had a significant negative impact on the industry's development, contributing to industry revenue plummeting by 27.1% during that year. These factors have boosted spending on kitchen items, particularly utensils and tableware. However, the modernization of the kitchen, and a growing consumer preference for electric kitchen appliances, glass kitchen appliances or China kitchen appliances have limited industry revenue growth over the past five years. Industry revenue is expected to grow 2.3% in 2023 to $26.9 billion.

Industry operators manufacture kitchen utensils, tableware and manual tools using metals like stainless steel and aluminum. Products include metal kitchen utensils; metal tableware; and hand-operated mechanical appliances weighing less than 10 kilograms for making, preparing or cutting food.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.