Updated Jan 23, 2023 02:53

Porcelain Technical Ware Market in China

Market Overview
In , the Chinese porcelain technical ware market decreased by -% to $, falling for the second year in a row after three years of growth. Overall, consumption, however, showed buoyant growth. Porcelain technical ware consumption peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.

In value terms, porcelain technical ware production reduced to $ in estimated in export price. In general, production, however, posted a prominent expansion. The growth pace was the most rapid in 2011 when the production volume increased by % against the previous year. Porcelain technical ware production peaked at $ in 2019; however, from to , production failed to regain momentum.


Consumption
In , consumption of porcelain ceramic wares for laboratory, technical, and chemical use decreased by -% to tons, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, posted a strong expansion. Over the period under review, consumption attained the peak volume at tons in ; however, from to , consumption failed to regain momentum.

The value of the porcelain technical ware market in China plummeted to $ in , which is down by -% 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, however, posted strong growth. Over the period under review, the market hit record highs at $ in ; however, from to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for porcelain technical ware in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

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


Market Structure
Driven by a growing demand, the share of imports in total supply in China increased significantly over the last fifteen years (from % to %). Over the period under review, the share of imports in terms of total porcelain technical ware consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China porcelain technical ware market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
China remains a net exporter of porcelain technical ware; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.