Republic of Korea: Ceramic Statuette Market 2025

Ceramic Statuette Market Size in Republic of Korea

After two years of growth, the South Korean ceramic statuette market decreased by -7.4% to $X in 2022. In general, consumption continues to indicate a noticeable contraction. Ceramic statuette consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ceramic Statuette Exports

Exports from Republic of Korea

In 2022, ceramic statuette exports from South Korea reduced remarkably to X tons, with a decrease of -15.1% on the previous year's figure. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 736% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, ceramic statuette exports declined to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 594%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for ceramic statuette exports from South Korea, with a 44% share of total exports. Moreover, ceramic statuette exports to Egypt exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt totaled +139.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.0% per year) and China (+27.1% per year).

In value terms, the largest markets for ceramic statuette exported from South Korea were the United States ($X), Japan ($X) and Australia ($X), with a combined 29% share of total exports. France, Egypt, China, Canada, New Zealand, the UK, Germany and Thailand lagged somewhat behind, together accounting for a further 24%.

Egypt, with a CAGR of +111.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic statuette export price stood at $X per ton in 2022, growing by 11% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 43% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a 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 Australia ($X per ton), while the average price for exports to Egypt ($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 Nigeria (+128.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Statuette Imports

Imports into Republic of Korea

In 2022, ceramic statuette imports into South Korea reduced to X tons, waning by -10% against 2021 figures. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ceramic statuette imports reduced to $X in 2022. In general, imports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest ceramic statuette supplier to South Korea, with a 68% share of total imports. Moreover, ceramic statuette imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+12.0% per year) and Thailand (-1.4% per year).

In value terms, China ($X) constituted the largest supplier of ceramic statuettes and other ornamental articles to South Korea, comprising 75% of total imports. The second position in the ranking was held by Vietnam ($X), with a 3.7% share of total imports. It was followed by Japan, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+7.2% per year) and Japan (-15.0% per year).

Import Prices by Country

In 2022, the average ceramic statuette import price amounted to $X per ton, growing by 2.7% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 -0.7% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 31% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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