Updated Nov 23, 2022 07:43

Ceramic Statuette Market in Brazil

Market Overview
The Brazilian ceramic statuette market soared to $ in , rising 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 posted a prominent expansion. Over the period under review, the market hit record highs in and is expected to retain growth in the near future.


Consumption
In , approx. tons of ceramic statuettes and other ornamental articles were consumed in Brazil; with an increase of % compared with . Over the period under review, consumption posted a prominent increase. Over the period under review, consumption reached the maximum volume in and is likely to continue growth in years to come.

The size of the ceramic statuette market in Brazil stood at $ 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 strong growth. Ceramic statuette consumption peaked in and is likely to see gradual growth in the immediate term.


Market Forecast
Driven by increasing demand for ceramic statuettes and other ornamental articles in Brazil, 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
Ceramic statuette market in Brazil consists almost entirely of imported products.


Trade Balance
Brazil 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 $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.