Global Festive Articles Market 2024

Festive Articles Market Size

For the sixth year in a row, the global festive articles market recorded growth in sales value, which increased by 18% to $X in 2022. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.0% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Festive Articles Production

In value terms, festive articles production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. The growth pace was the most rapid in 2014 when the production volume increased by 28% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Festive Articles Exports

Exports

In 2022, global exports of festive or carnival articles expanded notably to X tons, picking up by 14% against the previous year. In general, exports enjoyed strong growth. The growth pace was the most rapid in 2021 when exports increased by 39%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, festive articles exports surged to $X in 2022. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China dominates exports structure, recording X tons, which was near 82% of total exports in 2022. The Netherlands (X tons) and Mexico (X tons) held a relatively small share of total exports.

China was also the fastest-growing in terms of the festive or carnival articles exports, with a CAGR of +18.3% from 2012 to 2022. At the same time, the Netherlands (+17.6%) displayed positive paces of growth. By contrast, Mexico (-6.2%) illustrated a downward trend over the same period. While the share of China (+39 p.p.) and the Netherlands (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Mexico (-6.7 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest festive articles supplier worldwide, comprising 84% of global exports. The second position in the ranking was held by the Netherlands ($X), with a 2.2% share of global exports.

In China, festive articles exports increased at an average annual rate of +29.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+8.9% per year) and Mexico (-2.8% per year).

Export Prices by Country

The average festive articles export price stood at $X per ton in 2022, with an increase of 3.2% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, festive articles export price increased by +53.5% against 2013 indices. The growth pace was the most rapid in 2020 an increase of 19%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Mexico ($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 (+9.5%), while the other global leaders experienced mixed trends in the export price figures.

Festive Articles Imports

Imports

For the ninth year in a row, the global market recorded growth in supplies from abroad of festive or carnival articles, which increased by 24% to X tons in 2022. Overall, imports saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, festive articles imports soared to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 29%. Over the period under review, global imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, resulting at X tons, which was near 57% of total imports in 2022. The Netherlands (X tons), India (X tons), the UK (X tons), Canada (X tons), Germany (X tons), France (X tons), Bolivia (X tons) and Mexico (X tons) held a minor share of total imports.

Imports into the United States increased at an average annual rate of +15.4% from 2012 to 2022. At the same time, India (+19.9%), Bolivia (+13.5%), the Netherlands (+13.2%), Mexico (+8.4%), Germany (+4.2%) and France (+4.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +19.9% from 2012-2022. The UK and Canada experienced a relatively flat trend pattern. While the share of the United States (+23 p.p.) and India (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Canada (-3.4 p.p.) and the UK (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported festive or carnival articles worldwide, comprising 52% of global imports. The second position in the ranking was held by the UK ($X), with a 5.3% share of global imports. It was followed by Canada, with a 4.3% share.

In the United States, festive articles imports expanded at an average annual rate of +7.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+3.4% per year) and Canada (+1.0% per year).

Import Prices by Country

The average festive articles import price stood at $X per ton in 2022, flattening at the previous year. In general, the import price recorded a pronounced decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 4.8% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.2%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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