The import of statuettes and ornamental articles of porcelain or china to Yemen is forecasted to decline steadily from 2024 to 2028, with a year-on-year decrease observed in each subsequent year. In 2023, the import stood at 182.55 thousand USD, declining to 181.42 thousand USD in 2024 and anticipated to progressively fall to 177.02 thousand USD by 2028. These figures represent a compound annual growth rate (CAGR) of -0.77% over the period.
Future trends to watch include:
- Potential impact of global economic conditions on consumer spending and import capacity in Yemen.
- The role of domestic production or regional trade agreements that might affect import reliance.
- Socio-political stability in Yemen, which could influence market demands and import flows.
- Evolving consumer preferences towards local or alternative materials for ornamental articles.