China Statuette Market

The global market for china statuettes is projected to experience a slight increase in both consumption and value terms from 2022 to 2030, with the United States and China being the largest consumers and producers of china statuettes. In 2022, global consumption reached 457K tons after three years of decline, and the market size was $3.7B. The United States led in both consumption and value terms, while China ranked second in consumption. Global production fell slightly to 576K tons in 2022, and imports shrank to 90K tons. The average import price in 2022 was $5,663 per ton. Meanwhile, global exports declined to 209K tons, with China representing more than two-thirds of total exports. The average export price in 2022 was $8,256 per ton.

Market Forecast

Driven by rising demand for china statuette worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.7% for the period from 2022 to 2030, which is projected to bring the market volume to 485K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market value to $4.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Statuettes Of Porcelain Or China

In 2022, consumption of statuettes of porcelain or china was finally on the rise to reach 457K tons after three years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, global consumption reached the maximum volume at 520K tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The global china statuette market size reached $3.7B in 2022, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 9.6%. Global consumption peaked at $4.1B in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Consumption By Country

The United States (342K tons) remains the largest china statuette consuming country worldwide, accounting for 75% of total volume. Moreover, china statuette consumption in the United States exceeded the figures recorded by the second-largest consumer, China (29K tons), more than tenfold.

In the United States, china statuette consumption expanded at an average annual rate of +1.2% over the period from 2012-2022.

In value terms, the United States ($2.4B) led the market, alone. The second position in the ranking was held by China ($183M).

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +2.2%.

In the United States, china statuette per capita consumption remained relatively stable over the period from 2012-2022.

Production

World Production of Statuettes Of Porcelain Or China

Global china statuette production fell slightly to 576K tons in 2022, standing approx. at the year before. In general, production recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Over the period under review, global production hit record highs at 739K tons in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, china statuette production reduced modestly to $4.6B in 2022 estimated in export price. Overall, production continues to indicate a mild contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $5.6B. From 2016 to 2022, global production growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were the United States (315K tons) and China (217K tons).

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +1.1%).

Imports

World Imports of Statuettes Of Porcelain Or China

Global china statuette imports shrank to 90K tons in 2022, waning by -8.2% on the previous year's figure. In general, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Over the period under review, global imports reached the maximum at 117K tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, china statuette imports expanded notably to $509M in 2022. Overall, imports showed a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Global imports peaked at $595M in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports By Country

The United States represented the key importer of statuettes of porcelain or china in the world, with the volume of imports reaching 27K tons, which was near 30% of total imports in 2022. China (8.6K tons) ranks second in terms of the total imports with a 9.6% share, followed by Germany (7.5%) and the Netherlands (4.6%). Italy (4K tons), the United Arab Emirates (2.6K tons), France (2.2K tons), the UK (1.8K tons), Denmark (1.7K tons) and Australia (1.5K tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +2.8% from 2012 to 2022. At the same time, China (+48.2%), Denmark (+10.3%), the Netherlands (+10.0%), Germany (+6.6%), Australia (+5.9%) and Italy (+5.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +48.2% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, France (-2.3%) and the United Arab Emirates (-13.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, China, Germany, the Netherlands and Italy increased by +12, +9.5, +4.4, +3.2 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($88M), Germany ($49M) and France ($29M) appeared to be the countries with the highest levels of imports in 2022, with a combined 32% share of global imports. The United Arab Emirates, Italy, the Netherlands, China, the UK, Denmark and Australia lagged somewhat behind, together accounting for a further 27%.

Among the main importing countries, the Netherlands, with a CAGR of +13.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average china statuette import price amounted to $5,663 per ton, jumping by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. Global import price peaked at $5,801 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($12,724 per ton), while China ($2,404 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Statuettes Of Porcelain Or China

In 2022, global exports of statuettes of porcelain or china reduced to 209K tons, declining by -7% on 2021. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 29%. The global exports peaked at 396K tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, china statuette exports fell modestly to $1.7B in 2022. Over the period under review, exports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2021 when exports increased by 38%. The global exports peaked at $2.6B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

The shipments of the one major exporters of statuettes of porcelain or china, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the statuettes of porcelain or china exports, with a CAGR of -6.4% from 2012 to 2022. From 2012 to 2022, the share of China decreased by -2.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.5B) also remains the largest china statuette supplier worldwide.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled -4.6%.

Export Prices By Country

The average china statuette export price stood at $8,256 per ton in 2022, growing by 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2015 an increase of 31% against the previous year. The global export price peaked in 2022 and is expected to retain growth in years to come.

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 +1.9% per year.

Source: IndexBox Market Intelligence Platform