Latin America and the Caribbean: Ceramic Statuette Market 2022

Ceramic Statuette Market Size in Latin America and the Caribbean

The Latin American ceramic statuette market stood at $X in 2021, growing by 8.1% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ceramic Statuette Production in Latin America and the Caribbean

In value terms, ceramic statuette production amounted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Ceramic Statuette Exports

Exports in Latin America and the Caribbean

Ceramic statuette exports totaled X tons in 2021, with an increase of 2.4% against the previous year. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 14%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, ceramic statuette exports amounted to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mexico represented the largest exporting country with an export of about X tons, which accounted for 80% of total exports. It was distantly followed by the Dominican Republic (X tons), generating a 10% share of total exports. The following exporters - Honduras (X tons) and Peru (X tons) - each accounted for a 4.4% share of total exports.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of ceramic statuettes and other ornamental articles. At the same time, Honduras (+26.0%) and the Dominican Republic (+14.9%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +26.0% from 2012-2021. By contrast, Peru (-3.6%) illustrated a downward trend over the same period. While the share of the Dominican Republic (+6.9 p.p.) and Honduras (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Mexico (-2.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest ceramic statuette supplier in Latin America and the Caribbean, comprising 62% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 26% share of total exports. It was followed by Peru, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico stood at +2.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the Dominican Republic (+15.6% per year) and Peru (+0.3% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2019 an increase of 14% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Peru ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+4.1%), while the other leaders experienced more modest paces of growth.

Ceramic Statuette Imports

Imports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in purchases abroad of ceramic statuettes and other ornamental articles, when their volume increased by 26% to X tons. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 30%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, ceramic statuette imports surged to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) was the largest importer of ceramic statuettes and other ornamental articles, mixing up 37% of total imports. Chile (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (9.6%), Colombia (7.8%) and Argentina (6.7%). Peru (X tons), the Dominican Republic (X tons), Costa Rica (X tons), Bolivia (X tons), Honduras (X tons), Panama (X tons), Ecuador (X tons) and Guatemala (X tons) took a minor share of total imports.

Imports into Brazil increased at an average annual rate of +4.8% from 2012 to 2021. At the same time, Honduras (+13.3%), Peru (+8.8%), Chile (+7.6%), Colombia (+7.6%), Guatemala (+5.3%), Bolivia (+3.9%), Argentina (+3.6%), Costa Rica (+2.1%) and the Dominican Republic (+1.2%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +13.3% from 2012-2021. By contrast, Mexico (-1.1%), Ecuador (-3.1%) and Panama (-14.7%) illustrated a downward trend over the same period. Brazil (+7.6 p.p.), Chile (+4.9 p.p.), Colombia (+2.9 p.p.) and Peru (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Mexico and Panama saw its share reduced by -3.2% and -7.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported ceramic statuettes and other ornamental articles in Latin America and the Caribbean, comprising 27% of total imports. The second position in the ranking was taken by Chile ($X), with a 14% share of total imports. It was followed by Mexico, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled +8.9%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+2.9% per year) and Mexico (+1.9% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 21% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached 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 2021, the country with the highest price was Ecuador ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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