Eastern Asia: Christmas Decoration Market 2024

Christmas Decoration Market Size in Eastern Asia

The East Asian christmas decoration market rose markedly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a pronounced decrease. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Christmas Decoration Production in Eastern Asia

In value terms, christmas decoration production stood at $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Christmas Decoration Exports

Exports in Eastern Asia

In 2022, the amount of christmas decoration exported in Eastern Asia fell slightly to X units, with a decrease of X% compared with the year before. Total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then reduced modestly in the following year.

In value terms, christmas decoration exports totaled $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from China (X units), together amounting to X% of total export.

China was also the fastest-growing in terms of the christmas decoration exports, with a CAGR of X% from 2012 to 2022. 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) also remains the largest christmas decoration supplier in Eastern Asia.

In China, christmas decoration exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Christmas Decoration Imports

Imports in Eastern Asia

In 2022, approx. X units of christmas decoration were imported in Eastern Asia; which is down by X% compared with the previous year. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, christmas decoration imports shrank sharply to $X in 2022. In general, imports recorded a pronounced contraction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X units) and Japan (X units) prevails in imports structure, together comprising X% of total imports. It was distantly followed by Hong Kong SAR (X units), achieving a X% share of total imports. The following importers - Taiwan (Chinese) (X units) and China (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest christmas decoration importing markets in Eastern Asia were Japan ($X), South Korea ($X) and Hong Kong SAR ($X), together accounting for X% of total imports.

Among the main importing countries, South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 Eastern Asia stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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