Report Update Nov 1, 2024

Eastern Asia - Festive or Carnival Articles - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Festive Articles Market 2024

Festive Articles Market Size in Eastern Asia

In 2022, the East Asian festive articles market decreased by -2.4% to $X, falling for the second year in a row after four years of growth. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Festive Articles Production in Eastern Asia

In value terms, festive articles production reached $X in 2022 estimated in export price. In general, production saw a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 38% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Festive Articles Exports

Exports in Eastern Asia

In 2022, exports of festive or carnival articles in Eastern Asia surged to X tons, increasing by 16% against 2021 figures. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 49% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, festive articles exports surged to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 65%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from China (X tons), together resulting at 99% of total export.

China was also the fastest-growing in terms of the festive or carnival articles exports, with a CAGR of +18.3% from 2012 to 2022. China (+22 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +29.6%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, rising by 2.4% against the previous year. Over the period under review, the export price saw strong growth. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.5% per year.

Festive Articles Imports

Imports in Eastern Asia

Festive articles imports declined to X tons in 2022, with a decrease of -6.5% on 2021. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 2.2%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, festive articles imports soared to $X in 2022. Over the period under review, imports showed a mild setback. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) and Hong Kong SAR (X tons) were the major importers of festive or carnival articles in Eastern Asia, together finishing at near 57% of total imports. Japan (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Macao SAR (14%) and Taiwan (Chinese) (10%). China (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Macao SAR (with a CAGR of +33.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported festive or carnival articles in Eastern Asia, comprising 45% of total imports. The second position in the ranking was taken by South Korea ($X), with a 22% share of total imports. It was followed by Hong Kong SAR, with a 17% share.

In Japan, festive articles imports increased at an average annual rate of +12.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+13.0% per year) and Hong Kong SAR (-16.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, jumping by 24% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, festive articles import price increased by +78.3% against 2017 indices. As a result, import price attained the peak level and is likely to continue 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 Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for festive or carnival articles in Eastern Asia?

China constituted the country with the largest volume of festive articles consumption, comprising approx. 78% of total volume. Moreover, festive articles consumption in China exceeded the figures recorded by the second-largest consumer, Japan, eightfold. The third position in this ranking was occupied by South Korea, with a 6.2% share.

What are the largest producers of festive or carnival articles in Eastern Asia?

China constituted the country with the largest volume of festive articles production, accounting for 91% of total volume. Moreover, festive articles production in China exceeded the figures recorded by the second-largest producer, Japan, more than tenfold.

What are the leading importers of festive or carnival articles in Eastern Asia?

In value terms, the largest festive articles importing markets in Eastern Asia were Japan, Hong Kong SAR and China, with a combined 94% share of total imports.

What is the average export price for festive or carnival articles in Eastern Asia?

The festive articles export price in Eastern Asia stood at $5,120 per ton in 2021, waning by -51.8% against the previous year.

What is the average import price for festive or carnival articles in Eastern Asia?

In 2021, the festive articles import price in Eastern Asia amounted to $12,906 per ton, surging by 59% against the previous year.

This report provides an in-depth analysis of the festive articles market in Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32995150 - Festive, carnival or other entertainment articles, n.e.c.

Country coverage:

China
Hong Kong SAR
Macao SAR
Japan
South Korea
Taiwan (Chinese)
Democratic People's Republic of Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Eastern Asia, split by region and country
Trade (exports and imports) in Eastern Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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In this report, you can find information that helps you to make informed decisions on the following issues:

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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023