Asia: China Statuette Market 2023

China Statuette Market Size in Asia

For the third year in a row, the Asian china statuette market recorded decline in sales value, which decreased by -5.1% to $X in 2021. In general, consumption continues to indicate a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

China Statuette Production in Asia

In value terms, china statuette production rose to $X in 2021 estimated in export price. In general, production, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 29% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

China Statuette Exports

Exports in Asia

In 2021, china statuette exports in Asia soared to X tons, picking up by 33% compared with the previous year. Over the period under review, exports, however, saw a drastic downturn. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, china statuette exports skyrocketed to $X in 2021. In general, exports, however, saw a noticeable curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) represented roughly 98% of total exports in 2021.

China was also the fastest-growing in terms of the statuettes of porcelain or china exports, with a CAGR of -6.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest china statuette supplier in Asia.

From 2012 to 2021, the average annual growth rate of value in China totaled -4.5%.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, with an increase of 7.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2015 when the export price increased by 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.8% per year.

China Statuette Imports

Imports in Asia

In 2021, imports of statuettes of porcelain or china in Asia was estimated at X tons, with an increase of 7.7% on the previous year. In general, imports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2018 when imports increased by 25%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, china statuette imports soared to $X in 2021. Overall, imports, however, recorded a pronounced descent. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) and Saudi Arabia (X tons) were the main importers of statuettes of porcelain or china in Asia, together recording near 44% of total imports. The United Arab Emirates (X tons) took the next position in the ranking, followed by Singapore (X tons). All these countries together held approx. 14% share of total imports. Taiwan (Chinese) (X tons), Indonesia (X tons), Iraq (X tons), Japan (X tons), the Philippines (X tons), Kuwait (X tons), Malaysia (X tons), China (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest china statuette importing markets in Asia were the United Arab Emirates ($X), Taiwan (Chinese) ($X) and Saudi Arabia ($X), with a combined 44% share of total imports. China, Japan, Iraq, Kuwait, Singapore, South Korea, Vietnam, Indonesia, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 37%.

Vietnam, with a CAGR of +12.1%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Asia stood at $X per ton in 2021, surging by 18% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 19%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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