China: China Statuette Market 2023

China Statuette Market Size in China

For the fourth year in a row, the Chinese china statuette market recorded decline in sales value, which decreased by -25.6% to $X in 2021. Over the period under review, consumption recorded a mild contraction. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

China Statuette Production in China

In value terms, china statuette production expanded to $X in 2021 estimated in export price. Overall, production, however, recorded a deep reduction. The growth pace was the most rapid in 2015 when the production volume increased by 11% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

China Statuette Exports

Exports from China

In 2021, the amount of statuettes of porcelain or china exported from China skyrocketed to X tons, with an increase of 32% compared with the year before. In general, exports, however, saw a deep setback. Over the period under review, the exports hit record highs 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. Over the period under review, exports, however, recorded a noticeable setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for china statuette exports from China, accounting for a 33% share of total exports. Moreover, china statuette exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. The third position in this ranking was held by the UK (X tons), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.0% per year) and the UK (-3.6% per year).

In value terms, the United States ($X) remains the key foreign market for statuettes of porcelain or china exports from China, comprising 32% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 5.3% share of total exports. It was followed by the UK, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-3.8% per year) and the UK (-3.1% per year).

Export Prices by Country

The average china statuette export price stood at $X per ton in 2021, picking up by 8.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2015 an increase of 37%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

China Statuette Imports

Imports into China

For the fifth year in a row, China recorded growth in supplies from abroad of statuettes of porcelain or china, which increased by 88% to X tons in 2021. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, china statuette imports skyrocketed to $X in 2021. Overall, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of china statuette to China, accounting for a 68% share of total imports. Moreover, china statuette imports from Japan exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +48.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+27.6% per year) and Thailand (+8.7% per year).

In value terms, Japan ($X) constituted the largest supplier of statuettes of porcelain or china to China, comprising 52% of total imports. The second position in the ranking was taken by Spain ($X), with an 11% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +36.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.9% per year) and France (+12.4% per year).

Import Prices by Country

In 2021, the average china statuette import price amounted to $X per ton, shrinking by -6.6% against the previous year. In general, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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