Asia: Christmas Decoration Market 2022

Christmas Decoration Market Size in Asia

In 2021, the Asian christmas decoration market decreased by -X% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Christmas Decoration Production in Asia

In value terms, christmas decoration production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Christmas Decoration Exports

Exports in Asia

In 2021, the amount of christmas decoration exported in Asia rose remarkably to X units, picking up by X% on the previous year. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, christmas decoration exports surged to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. X% of total exports in 2021. India (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to christmas decoration exports from China stood at +X%. At the same time, India (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. China (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest christmas decoration supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

In China, christmas decoration exports increased at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, jumping by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was India ($X per unit), while China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Christmas Decoration Imports

Imports in Asia

In 2021, purchases abroad of christmas decoration was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a perceptible contraction. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, christmas decoration imports soared to $X in 2021. Over the period under review, imports, however, recorded a noticeable reduction. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of christmas decoration imports in 2021 were Hong Kong SAR (X units), South Korea (X units), Japan (X units) and the United Arab Emirates (X units), together recording X% of total import. It was distantly followed by Kazakhstan (X units), making up a X% share of total imports. India (X units), Thailand (X units), Indonesia (X units), Singapore (X units), Iran (X units), Iraq (X units), Cyprus (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Japan ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2021, together accounting for X% of total imports. South Korea, Singapore, Indonesia, Iraq, Kazakhstan, Iran, Malaysia, Cyprus, Thailand and India lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, which is down by -X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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