In 2023, Macao imported 51.5 thousand kilograms of statuettes and ornamental articles of porcelain or china. Forecasts indicate a steady decline in imports, with a year-on-year decrease of approximately 4.1% from 2024 to 2028. Over the five-year period, the compound annual growth rate (CAGR) shows an average decline of about 3.2%. This downward trend may reflect changing consumer preferences or increased competition from other decorative materials.
Future trends to watch for include:
- Shifts in consumer demand towards alternative or sustainable materials.
- Economic factors affecting spending power in Macao.
- Impact of trade agreements or tariffs on import costs.
- Technological advancements in production reducing reliance on imports.
