Singapore: Ceramic Statuette Market 2024

Ceramic Statuette Market Size in Singapore

In 2022, the Singaporean ceramic statuette market decreased by X% to $X, falling for the third consecutive year after two years of growth. In general, consumption saw a pronounced descent. The pace of growth appeared the most rapid in 2018 with an increase of X%. Ceramic statuette consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Ceramic Statuette Production in Singapore

In value terms, ceramic statuette production expanded significantly to $X in 2022 estimated in export price. In general, production saw strong growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Ceramic Statuette Exports

Exports from Singapore

In 2022, shipments abroad of ceramic statuettes and other ornamental articles increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, ceramic statuette exports skyrocketed to $X in 2022. In general, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Hong Kong SAR (X tons) and Indonesia (X tons) were the main destinations of ceramic statuette exports from Singapore, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hong Kong SAR ($X) and Indonesia ($X) were the largest markets for ceramic statuette exported from Singapore worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ceramic statuette export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and the United States ($X per ton), while the average price for exports to South Korea ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced a decline.

Ceramic Statuette Imports

Imports into Singapore

In 2022, approx. X tons of ceramic statuettes and other ornamental articles were imported into Singapore; which is down by X% on the previous year. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ceramic statuette imports declined to $X in 2022. Overall, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest ceramic statuette supplier to Singapore, with a X% share of total imports. Moreover, ceramic statuette imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. Portugal (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Portugal (X% per year).

In value terms, China ($X) constituted the largest supplier of ceramic statuettes and other ornamental articles to Singapore, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average ceramic statuette import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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