China Statuette Market in Brazil
Market Overview
In 
, the Brazilian china statuette market decreased by -% to $, falling for the fourth year in a row after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.
, the Brazilian china statuette market decreased by -% to $, falling for the fourth year in a row after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.Consumption
In , consumption of statuettes of porcelain or china decreased by -% to tons, falling for the third year in a row after three years of growth. In general, consumption recorded a pronounced downturn. Over the period under review, consumption attained the maximum volume at tons in 2019; however, from to , consumption stood at a somewhat lower figure.
The size of the china statuette market in Brazil shrank notably to $ in , with a decrease of -% 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. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.
, consumption of statuettes of porcelain or china decreased by -% to tons, falling for the third year in a row after three years of growth. In general, consumption recorded a pronounced downturn. Over the period under review, consumption attained the maximum volume at tons in 2019; however, from to , consumption stood at a somewhat lower figure.The size of the china statuette market in Brazil shrank notably to $
in , with a decrease of -% 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. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.Market Forecast
Driven by rising demand for china statuette in Brazil, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, 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 .
% 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
China statuette market in Brazil consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Brazil relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Brazil remains a net importer of china statuette; 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.
. 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.
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