In 2023, imports of statuettes and ornamental articles of porcelain or China to Vietnam stood at 1.565 million USD. Forecasts indicate a steady growth with values expected to reach 1.7388 million USD by 2028. The year-on-year growth between 2024 and 2028 is projected to range from 2.22% to 2.08%, indicating a consistent upward trend. The compound annual growth rate (CAGR) over this period is 2.03%, reflecting moderate yet stable market expansion.
Future trends to watch for include:
- Potential changes in global trade policies impacting import tariffs or restrictions on porcelain and China goods.
- Shifts in consumer preferences towards handmade or sustainable ornamental articles.
- Technological advancements in production affecting the cost and supply chain efficiency.
- Emergence of new market players that could disrupt traditional import channels.