Hungary: China Statuette Market 2024

China Statuette Market Size in Hungary

In 2022, the Hungarian china statuette market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate strong growth. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

China Statuette Production in Hungary

In value terms, china statuette production contracted to $X in 2022 estimated in export price. In general, production, however, saw a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X%. China statuette production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

China Statuette Exports

Exports from Hungary

In 2022, overseas shipments of statuettes of porcelain or china increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, china statuette exports totaled $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for china statuette exports from Hungary, accounting for a X% share of total exports. Moreover, china statuette exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold. Italy (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Italy (X% per year).

In value terms, the United States ($X) remains the key foreign market for statuettes of porcelain or china exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with an X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the UK (X% per year).

Export Prices by Country

The average china statuette export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced a decline.

China Statuette Imports

Imports into Hungary

After two years of growth, overseas purchases of statuettes of porcelain or china decreased by X% to X tons in 2022. Overall, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, china statuette imports fell sharply to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of china statuette to Hungary, with a X% share of total imports. Moreover, china statuette imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of statuettes of porcelain or china to Hungary, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Slovakia (X% per year).

Import Prices by Country

In 2022, the average china statuette import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :