Ceramic Statuette Market in Indonesia
Market Overview
After four years of growth, the Indonesian ceramic statuette market decreased by -
% to $ in . Overall, the total consumption indicated a temperate expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2014 indices. As a result, consumption attained the peak level of $. From 2010 to , the growth of the market remained at a somewhat lower figure.
In value terms, ceramic statuette production dropped to $ in estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2014 indices. The most prominent rate of growth was recorded in 2009 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2010 to , production growth remained at a somewhat lower figure.
% to $ in . Overall, the total consumption indicated a temperate expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2014 indices. As a result, consumption attained the peak level of $. From 2010 to , the growth of the market remained at a somewhat lower figure.In value terms, ceramic statuette production dropped to $
in estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2014 indices. The most prominent rate of growth was recorded in 2009 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2010 to , production growth remained at a somewhat lower figure.Consumption
In , consumption of ceramic statuettes and other ornamental articles decreased by -% to tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From 2010 to , the growth of the consumption failed to regain momentum.
The value of the ceramic statuette market in Indonesia declined to $ in , remaining relatively unchanged 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, the total consumption indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption reached the peak level of $. From 2010 to , the growth of the market remained at a somewhat lower figure.
, consumption of ceramic statuettes and other ornamental articles decreased by -% to tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From 2010 to , the growth of the consumption failed to regain momentum.The value of the ceramic statuette market in Indonesia declined to $
in , remaining relatively unchanged 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, the total consumption indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption reached the peak level of $. From 2010 to , the growth of the market remained at a somewhat lower figure.Market Forecast
The ceramic statuette market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract 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 eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract 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
Over the period under review, imports of ceramic statuette in Indonesia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for ceramic statuette.
Trade Balance
Indonesia remains a net exporter of ceramic statuette; 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.
. 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.
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