Eastern Asia: Ceramic Statuette Market 2022

Ceramic Statuette Market Size in Eastern Asia

In 2021, after three years of growth, there was significant decline in the East Asian ceramic statuette market, when its value decreased by -10.6% to $X. In general, consumption showed a slight curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Ceramic Statuette Production in Eastern Asia

In value terms, ceramic statuette production dropped to $X in 2021 estimated in export price. In general, production showed a slight downturn. The most prominent rate of growth was recorded in 2019 with an increase of 15%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ceramic Statuette Exports

Exports in Eastern Asia

In 2021, exports of ceramic statuettes and other ornamental articles in Eastern Asia soared to X tons, rising by 40% against 2020 figures. Overall, exports, however, saw a slight contraction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ceramic statuette exports surged to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) represented the largest exporter of ceramic statuettes and other ornamental articles in Eastern Asia, constituting 99% of total export.

China was also the fastest-growing in terms of the ceramic statuettes and other ornamental articles exports, with a CAGR of -1.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest ceramic statuette supplier in Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +0.3% per year.

Ceramic Statuette Imports

Imports in Eastern Asia

In 2021, after five years of decline, there was significant growth in purchases abroad of ceramic statuettes and other ornamental articles, when their volume increased by 16% to X tons. Over the period under review, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2013 when imports increased by 32%. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, ceramic statuette imports surged to $X in 2021. In general, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Japan represented the key importer of ceramic statuettes and other ornamental articles in Eastern Asia, with the volume of imports reaching X tons, which was approx. 46% of total imports in 2021. South Korea (X tons) ranks second in terms of the total imports with a 21% share, followed by China (18%), Hong Kong SAR (6%) and Taiwan (Chinese) (5.9%). Macao SAR (X tons) took a little share of total imports.

Imports into Japan decreased at an average annual rate of -5.9% from 2012 to 2021. At the same time, China (+2.8%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +2.8% from 2012-2021. Macao SAR experienced a relatively flat trend pattern. By contrast, South Korea (-7.4%), Hong Kong SAR (-9.3%) and Taiwan (Chinese) (-11.0%) illustrated a downward trend over the same period. While the share of China (+9.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-2.5 p.p.), South Korea (-3.5 p.p.) and Taiwan (Chinese) (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported ceramic statuettes and other ornamental articles in Eastern Asia, comprising 44% of total imports. The second position in the ranking was taken by South Korea ($X), with a 17% share of total imports. It was followed by China, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan stood at -2.3%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-1.2% per year) and China (+11.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, rising by 20% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ceramic statuette import price increased by +115.1% against 2014 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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