Los Angeles, CA (PRWEB) December 31, 2011
Establishments in the Cutlery and Kitchen Utensil Manufacturing industry in China mainly manufacture kitchen utensils, tableware and manual tools, using metals like stainless steel and aluminum. Products manufactured include metal kitchen utensils; metal tableware; hand-operated mechanical appliances (weighing less than 10kg) for making, preparing or cutting food.
The Cutlery and Kitchen Utensil Manufacturing industry in China has expanded and developed steadily in recent years and is expected to continue to grow at a stable rate in the future. Positive impacts contributing to the industry's development include substantially rising demand in domestic markets; rising household disposable income; increasing Western dietary and culinary influences; and improved living standards. These factors have encouraged spending on kitchen items, particularly utensils and tableware. Improvements in product quality, coupled with lower prices, contributed to export growth in some years.
However, negative impacts on the industry involve the modernization of the kitchen and the increasingly popular preference to use electric kitchen appliances rather than manual kitchen products. In addition, suffering from the global financial crisis in 2008, the consumption power of foreign consumers was negatively affected, and demand from foreign markets declined in the year.
The industry has experienced steady growth in recent years, with industry revenue increasing from $7.01 billion in 2006 to a forecast $14.60 billion in 2011 (constant 2011 dollars), at an average annual rate of 15.8% in these years. Industry revenue is forecast to total $21.53 billion in 2016, with 8.1% average annual growth during the next five years.
Exports of metal kitchen utensils and tableware resumed growth from 2009, increasing by 29.9% in 2010 and an estimate 11.6% in 2011.
For more information, including profit levels, market shares, product segmentation and more, download IBISWorld’s report on the Cutlery and Kitchen Utensil Manufacturing industry in China.
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Cutlery and Kitchen Utensil Manufacturing in China – Key Report Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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