The consumption of stainless steel tableware and kitchen utensils in the world will reach 1.613 bill
- Author:E-BON
- Source:E-BON
- Release on :2018-07-19
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Due to its good performance and affordable price, stainless steel cutlery and kitchen utensils are widely used in daily life.
China is the main production area for kitchen utensils, relying on abundant raw material resources and cheap labor costs. In addition, it is an important OEM area in the world. According to research, up to 80% of stainless steel cutlery and kitchen utensils are exported to other countries outside China. In the future, this phenomenon will intensify.
The global stainless steel tableware and kitchenware market is low in concentration, and there are many suppliers around the world because of mature production technology.
In the future, global consumption will continue to grow. It is estimated that by 2023, the global consumption will be 161.37 million pieces and the sales revenue will be 33 billion US dollars. In addition, Asia has great potential in the tableware and kitchenware industry.