Huaxiao Metal Corporation Limited.

By 2023, The Consumption Of Stainless Steel Cutlery and Kitchenware Is To Be 1.61 Billion Pieces

Stainless steel tableware and kitchenware are widely used in daily life due to high performance and affordable prices. China is a major production area 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 tableware and kitchenware are exported from China to other countries. In the future, this phenomenon will increase.

There are many suppliers all over the world, because the production technology is mature. The world's leading suppliers include SEB, ZWILLING, Fissler, WMF, Newell, Cuisinart, Vinod, MEYER, ASD, Linkfair, crown Hua, Anotech and so on.

The consumption area of stainless steel tableware and kitchenware is related to people's eating habits. Chinese tend to use wooden or plastic chopsticks and ceramic tableware. In the region, it is mainly consumed in Europe and North America. In 2016, consumption in Europe was about 407 million with a consumption share of 34.4%. North America accounts for 18.08% of the world's total consumption.

Over the past five years, with the growth of industry and economy, the global sales of tableware and kitchenware has increased from $20 billion in 2012 to $24 billion in 2016, with a composite annual growth rate of 4.58%.

In the future, global consumption will continue to grow. It is estimated that by 2023, global consumption will be 1 billion 613 million 770 thousand, with sales revenue of US $33 billion. Besides, Asia has great potential in tableware and kitchenware industry.
Related News
  • "OBOR" will boost the steel demand in Southeast Asia and Russia.

    September 19, 2018Key words: along the way; iron and steel; demand.As China's "One Belt and One Road" project is building new trade routes and infrastructure in Eurasia, demand for steel and copper will increase signif...view
  • The United States Has Made Initial Anti-Dumping Measures

    The United States Has Made Initial Anti-Dumping Measures

    August 29, 2018On August 21, 2018, the US Department of Commerce announced an anti-dumping preliminary ruling on imports of large diameter welded pipes from China, Canada, Greece, India, South Korea and Turkey. Prel...view
  • Deep-drawn Steel Applications

    Deep-drawn Steel Applications

    August 16, 2018It is widely used in punching enamel products, automobiles, food packaging and other industries. It requires good strength, surface quality, deep-drawing performance, anti-aging properties.In the past...view
  • China Stainless Steel Daily

    China Stainless Steel Daily

    March 28, 2018201 Cold Rolled: Stainless steel mills continue to maintain the price of yesterday. The mainstream market price in USD1280-1300/MT, Yesterday afternoon some mills pulled up slightly, but affected by t...view
  • The Twelfth Southern China Stainless Steel And Metal Materials Exhibition Will Be Held Soon

    The Twelfth Southern China Stainless Steel And Metal Materials Exhibition Will Be Held Soon

    April 17, 2018To create the industry "Spring Fair", leading the development of "wind vane". The twelfth Southern China stainless steel metal Exhibition (abbreviated as the Southern China stainless steel exhibition)...view
  • Rose Gold Stainless Steel Overview

    Rose Gold Stainless Steel Overview

    January 25, 2019Rose gold plate, also known as rose gold stainless steel plate, or colored stainless steel rose gold plate, it is a new material. The manufacturing process is not simply a layer of colorant on the sur...view
  • TEL:+86-21-54725826
  • FAX:+86-21-54717930
  • ADDRESS:Room 458, Building 8-9, NO.1500 South Lianhua Road, Shanghai, China.