U.S.: China Statuette Market 2023

China Statuette Market Size in the U.S.

The U.S. china statuette market expanded modestly to $X in 2021, increasing by 3% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. China statuette consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

China Statuette Production in the U.S.

In value terms, china statuette production contracted modestly to $X in 2021. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 16%. China statuette production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

China Statuette Exports

Exports from the U.S.

In 2021, the amount of statuettes of porcelain or china exported from the United States dropped dramatically to X tons, with a decrease of -19.9% on the year before. Over the period under review, exports faced a deep downturn. The growth pace was the most rapid in 2013 when exports increased by 21% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, china statuette exports soared to $X in 2021. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 17%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), Malaysia (X tons) and Russia (X tons) were the main destinations of china statuette exports from the United States, with a combined 41% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +47.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for china statuette exported from the United States were China ($X), the UK ($X) and Taiwan (Chinese) ($X), together comprising 23% of total exports.

Taiwan (Chinese), with a CAGR of +58.0%, recorded the highest growth rate of 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

The average china statuette export price stood at $X per ton in 2021, jumping by 44% against the previous year. Over the period under review, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 174%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Australia ($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 Taiwan (Chinese) (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

China Statuette Imports

Imports into the U.S.

In 2021, supplies from abroad of statuettes of porcelain or china was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, china statuette imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of china statuette to the United States, accounting for a 92% share of total imports. It was followed by Thailand (X tons), with a 1.4% share of total imports. Vietnam (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-4.1% per year) and Vietnam (+2.5% per year).

In value terms, China ($X) constituted the largest supplier of statuettes of porcelain or china to the United States, comprising 68% of total imports. The second position in the ranking was held by Spain ($X), with a 5.4% share of total imports. It was followed by Hungary, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-10.0% per year) and Hungary (+4.6% per year).

Import Prices by Country

In 2021, the average china statuette import price amounted to $X per ton, dropping by -35.6% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 an increase of 9.2%. Over the period under review, average import prices hit record highs 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 Hungary ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+39.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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