In 2023, the actual import value of tableware and kitchenware of porcelain or china to Macao was lower than the forecasted values for subsequent years. The forecasts from 2024 to 2028 show a steady increase from 6.9775 million USD in 2024 to 7.9437 million USD in 2028. This represents an average annual growth rate (CAGR) reflecting a solid upward trend.
Key trends to watch for include:
- Macroeconomic factors influencing consumer demand, such as changes in household income and tourism trends.
- Potential shifts in consumer preferences towards sustainable or innovative materials, which could impact porcelain imports.
- Trade policies and tariffs that might affect import costs and consequently demand.