Price for Statuettes and Other Ornamental Ceramic Articles in South Korea - 2022

Contents:

1. Price for Statuettes and Other Ornamental Ceramic Articles in South Korea (CIF) - 2022
2. Price for Statuettes and Other Ornamental Ceramic Articles in South Korea (FOB) - 2022
3. Imports of Statuettes and Other Ornamental Ceramic Articles in South Korea
4. Exports of Statuettes and Other Ornamental Ceramic Articles in South Korea

Price for Statuettes and Other Ornamental Ceramic Articles in South Korea (CIF) - 2022

The average import price for statuettes and other ornamental ceramic articleses stood at $7,648 per ton in December 2022, increasing by 1.9% against the previous month. In general, import price indicated a temperate expansion from December 2021 to December 2022: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for statuettes and other ornamental ceramic articleses increased by +16.8% against September 2022 indices. The most prominent rate of growth was recorded in July 2022 an increase of 35% month-to-month. The import price peaked at $8,448 per ton in August 2022; however, from September 2022 to December 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($41,233 per ton), while the price for Thailand ($1,858 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Statuettes and Other Ornamental Ceramic Articles in South Korea (FOB) - 2022

In 2022, the average export price for statuettes and other ornamental ceramic articleses amounted to $13,621 per ton, approximately reflecting the previous year. In general, the export price, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 165% against the previous year. Over the period under review, the average export prices hit record highs at $22,913 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($71,549 per ton), while the average price for exports to China ($4,405 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Statuettes and Other Ornamental Ceramic Articles in South Korea

In 2022, approx. 1.8K tons of statuettes and other ornamental ceramic articleses were imported into South Korea; declining by -3.3% on the previous year. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, imports attained the peak of 1.8K tons, and then contracted in the following year.

In value terms, imports of statuettes and other ornamental ceramic articleses totaled $11M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Statuettes and Other Ornamental Ceramic Articles to South Korea in 2022:

1. China (1146.8 tons)
2. Vietnam (214.1 tons)
3. Japan (121.2 tons)
4. Thailand (44.4 tons)
5. United Kingdom (39.9 tons)
6. Belgium (31.2 tons)
7. United States (29.5 tons)

Exports of Statuettes and Other Ornamental Ceramic Articles in South Korea

Exports of statuettes and other ornamental ceramic articleses from South Korea fell notably to 23 tons in 2022, dropping by -36.2% against 2021 figures. Over the period under review, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2021 when exports increased by 85% against the previous year.

In value terms, exports of statuettes and other ornamental ceramic articleses declined notably to $308K in 2022. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 34%. As a result, the exports attained the peak of $478K, and then fell rapidly in the following year.

Top Export Markets for Statuettes and Other Ornamental Ceramic Articles from South Korea in 2022:

1. China (12.1 tons)
2. Italy (4.9 tons)
3. United States (2.1 tons)
4. Japan (1.3 tons)
5. Denmark (0.7 tons)
6. Indonesia (0.4 tons)

Source: IndexBox Market Intelligence Platform