Revenue for the Cutlery and Kitchen Utensil Manufacturing industry in China has been increasing at an annualized rate of 13.4%, from $12.1 billion in 2009 to an expected $22.9 billion in 2014. Drivers of growth include substantially rising demand in domestic markets; rising household disposable incomes; 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 and design, coupled with lower prices, have also contributed to export growth.
The Cutlery and Kitchen Utensil Manufacturing industry in China manufactures 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 less than 10 kilograms for making, preparing or cutting food.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.