Updated Nov 23, 2022 08:20

Ceramic Statuette Market in Japan

Market Overview
After four years of growth, the Japanese ceramic statuette market decreased by -% to $ in . Over the period under review, consumption recorded a perceptible setback. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a somewhat lower figure.

In value terms, ceramic statuette production fell to $ in estimated in export price. Overall, production showed a deep setback. The pace of growth was the most pronounced in 2008 when the production volume increased by %. As a result, production attained the peak level of $. From 2009 to , production growth failed to regain momentum.


Consumption
In , consumption of ceramic statuettes and other ornamental articles decreased by -% to tons, falling for the second consecutive year after four years of growth. Over the period under review, consumption showed a perceptible decline. Ceramic statuette consumption peaked at tons in 2008; however, from 2009 to , consumption failed to regain momentum.

The revenue of the ceramic statuette market in Japan dropped to $ in , reducing 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 a noticeable downturn. As a result, consumption attained the peak level of $. From 2009 to , the growth of the market remained at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for ceramic statuette in Japan, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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, the share of imports in terms of total ceramic statuette consumption in Japan 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 Japan ceramic statuette market is largely supplied by domestic manufacturers. The growth in the share of Japan imports of in the ceramic statuette market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.


Trade Balance
Japan remains a net importer of ceramic 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 $.