Updated Jan 23, 2023 03:32

Porcelain Technical Ware Market in the United States

Market Overview
The U.S. porcelain technical ware market reached $ in , increasing 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). In general, consumption showed buoyant growth. Porcelain technical ware consumption peaked in and is likely to see steady growth in the near future.

In value terms, porcelain technical ware production expanded rapidly to $ in . In general, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2008 with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in 2015; however, from 2016 to , production stood at a somewhat lower figure.


Consumption
Porcelain technical ware consumption in the United States rose rapidly to tons in , surging by % on the previous year's figure. Over the period under review, consumption continues to indicate a resilient expansion. Porcelain technical ware consumption peaked in and is likely to see steady growth in the near future.

The size of the porcelain technical ware market in the United States totaled $ in , surging 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). In general, consumption saw prominent growth. Porcelain technical ware consumption peaked in and is expected to retain growth in the immediate term.


Market Forecast
Driven by increasing demand for porcelain technical ware in the United States, 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 . The United States domestic supply is expected to continue its growth. Porcelain technical ware market in the United States consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, the United States 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
The United States 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.