Updated Sep 11, 2022 14:18

Porcelain Technical Ware Market in Taiwan (Chinese)

Market Overview
The Taiwanese porcelain technical ware market shrank slightly to $ in , almost unchanged from 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 posted a buoyant increase. Porcelain technical ware consumption peaked at $ in 2019; however, from to , consumption failed to regain momentum.

In value terms, porcelain technical ware production fell sharply to $ in estimated in export price. Overall, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Porcelain technical ware production peaked at $ in 2019; however, from to , production failed to regain momentum.


Consumption
In , approx. tons of porcelain ceramic wares for laboratory, technical, and chemical use were consumed in Taiwan (Chinese); with an increase of % against the previous year. In general, consumption enjoyed a resilient increase. Over the period under review, consumption hit record highs at tons in ; afterwards, it flattened through to .

The revenue of the porcelain technical ware market in Taiwan (Chinese) shrank modestly to $ in , remaining constant 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). Over the period under review, consumption enjoyed strong growth. Porcelain technical ware consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for porcelain technical ware in Taiwan (Chinese), the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, 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
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Taiwan (Chinese) domestic supply is expected to continue its growth. Porcelain technical ware market in Taiwan (Chinese) consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Taiwan (Chinese) relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Taiwan (Chinese) remains a net importer of porcelain technical ware; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.