Cutlery and Kitchen Utensil Manufacturing in China -- IBISWorld's Updated Industry Report is Now Available

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The Cutlery and Kitchen Utensil Manufacturing industry in China will continue to experience steady growth over the period to 2016, benefiting from the continued prosperity of China’s economy and rising demand from domestic and foreign markets. Industry revenue is forecast to grow at an average annual rate of 8.1% over the next five years, totaling US$21.53 billion in 2016, according to IBISWorld, America’s largest publisher of industry research.

IBISWorld Market Research

IBISWorld Market Research

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
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.

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Jordan Ho
IBISWorld
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