Philippines: China Statuette Market 2024

China Statuette Market Size in the Philippines

For the eighth year in a row, the Philippine china statuette market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption faced a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

China Statuette Production in the Philippines

In value terms, china statuette production declined to $X in 2022 estimated in export price. Overall, production showed a deep setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

China Statuette Exports

Exports from the Philippines

In 2022, the amount of statuettes of porcelain or china exported from the Philippines skyrocketed to X tons, rising by X% on the previous year. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, china statuette exports surged to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for china statuette exports from the Philippines, accounting for a X% share of total exports. It was followed by the UK (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms 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 UK (X% per year) and Australia (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (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, rising by X% against the previous year. Overall, the export price saw a mild increase. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the UK ($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 Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

China Statuette Imports

Imports into the Philippines

In 2022, overseas purchases of statuettes of porcelain or china decreased by X% to X tons, falling for the fourth year in a row after four years of growth. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, china statuette imports declined notably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest china statuette supplier to the Philippines, accounting for a X% share of total imports. Moreover, china statuette imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2022, the average china statuette import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price recorded a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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