Eastern Asia: Common Pottery Market 2024

Common Pottery Market Size in Eastern Asia

The East Asian common pottery market was estimated at $X in 2022, with an increase of 6.3% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Common Pottery Production in Eastern Asia

In value terms, common pottery production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 33%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Common Pottery Exports

Exports in Eastern Asia

Common pottery exports declined notably to X tons in 2022, waning by -15% on 2021 figures. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +8.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, common pottery exports dropped modestly to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 41%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted modestly in the following year.

Exports by Country

China dominates exports structure, accounting for X tons, which was approx. 92% of total exports in 2022. It was distantly followed by Japan (X tons), achieving a 6.2% share of total exports.

Exports from China increased at an average annual rate of +6.2% from 2012 to 2022. At the same time, Japan (+18.8%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +18.8% from 2012-2022. From 2012 to 2022, the share of Japan and China increased by +4.2 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest common pottery supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was held by Japan ($X), with a 9.7% share of total exports.

In China, common pottery exports increased at an average annual rate of +12.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2014 when the export price increased by 21% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%).

Common Pottery Imports

Imports in Eastern Asia

In 2022, purchases abroad of common pottery increased by 0.7% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 7.6%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, common pottery imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons) and South Korea (X tons) represented the key importers of common pottery in 2022, finishing at approx. 42% and 30% of total imports, respectively. Hong Kong SAR (X tons) held the next position in the ranking, followed by China (X tons) and Taiwan (Chinese) (X tons). All these countries together took near 27% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +3.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest common pottery importing markets in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), with a combined 83% share of total imports.

China, with a CAGR of +7.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2014 when the import price increased by 13% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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