Peru: Ceramic Statuette Market 2024

Ceramic Statuette Market Size in Peru

The Peruvian ceramic statuette market dropped slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Ceramic Statuette Production in Peru

In value terms, ceramic statuette production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.6% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Ceramic Statuette Exports

Exports from Peru

In 2022, approx. X tons of ceramic statuettes and other ornamental articles were exported from Peru; reducing by -21.8% compared with 2021 figures. In general, exports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 83% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ceramic statuette exports shrank sharply to $X in 2022. Overall, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of ceramic statuette exports from Peru, with a combined 76% share of total exports. The UK, Italy, the Netherlands, Mexico and Japan lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +22.9%), while the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for ceramic statuettes and other ornamental articles exports from Peru, comprising 62% of total exports. The second position in the ranking was taken by the UK ($X), with a 7.8% share of total exports. It was followed by Ecuador, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+28.9% per year) and Ecuador (+0.7% per year).

Export Prices by Country

The average ceramic statuette export price stood at $X per ton in 2022, surging by 1.7% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 54%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($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 the United States (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Statuette Imports

Imports into Peru

In 2022, after three years of decline, there was growth in supplies from abroad of ceramic statuettes and other ornamental articles, when their volume increased by 3.2% to X tons. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 50%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ceramic statuette imports reached $X in 2022. Overall, imports, however, showed a pronounced curtailment. The growth pace was the most rapid in 2013 when imports increased by 43%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ceramic statuette to Peru, accounting for a 87% share of total imports. Moreover, ceramic statuette imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-18.5% per year) and Germany (-11.4% per year).

In value terms, China ($X) constituted the largest supplier of ceramic statuettes and other ornamental articles to Peru, comprising 88% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 4.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-16.1% per year) and Germany (-9.5% per year).

Import Prices by Country

In 2022, the average ceramic statuette import price amounted to $X per ton, picking up by 5.1% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ceramic statuette import price decreased by -4.4% against 2020 indices. The growth pace was the most rapid in 2019 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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