The import of statuettes and ornamental articles of porcelain or china to Kuwait is forecasted to experience a decline from 2024 to 2028. Specifically, there is a consistent year-on-year decrease in volume by approximately 4-5%, dropping from 348.32 thousand kilograms in 2024 to 289.76 thousand kilograms in 2028. This reflects an estimated compound annual growth rate (CAGR) of -4.58% over the forecast period. In 2023, the volume stood at 363.94 thousand kilograms.
Future trends to watch for include:
- Fluctuations in global trade policies affecting porcelain imports.
- Potential shifts in consumer preferences towards local or alternative decorative products.
- The impact of economic factors, such as currency exchange rates and import tariffs, on purchasing power.