Hungary: China Statuette Market 2022

China Statuette Market Size in Hungary

The Hungarian china statuette market skyrocketed to $X in 2021, jumping by X% against the previous year. Overall, consumption showed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

China Statuette Production in Hungary

In value terms, china statuette production rose modestly to $X in 2021 estimated in export price. Overall, production recorded a noticeable curtailment. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

China Statuette Exports

Exports from Hungary

In 2021, the amount of statuettes of porcelain or china exported from Hungary fell rapidly to X tons, reducing by -X% compared with the year before. Over the period under review, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, china statuette exports reached $X in 2021. Overall, exports saw a slight contraction. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for china statuette exports from Hungary, accounting for a X% share of total exports. Moreover, china statuette exports to the United States exceeded the volume sent to the second major destination, Bulgaria (X tons), fourfold. The third position in this ranking was taken by Japan (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Japan (-X% per year).

In value terms, the United States ($X) remains the key foreign market for china statuette exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

The average china statuette export price stood at $X per ton in 2021, increasing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Bulgaria ($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 the United States (+X%), while the prices for the other major destinations experienced mixed trend patterns.

China Statuette Imports

Imports into Hungary

In 2021, the amount of statuettes of porcelain or china imported into Hungary soared to X tons, rising by X% against the previous year. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, china statuette imports surged to $X in 2021. Over the period under review, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of china statuette to Hungary, accounting for a X% share of total imports. Moreover, china statuette imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), eightfold. The third position in this ranking was held by Italy (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+X% per year) and Italy (+X% per year).

In value terms, China ($X), Italy ($X) and Slovakia ($X) were the largest china statuette suppliers to Hungary, together accounting for X% of total imports.

Slovakia, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average china statuette import price amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Poland ($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 (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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