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In November 2023, fine art ceramic exports reached their highest level in the past year

According to estimated data of General Department of Customs, export of fine art ceramic products in November 2023 reached a high level highest in the past year, reaching 18.0 million USD, up 30.9% compared to October 2023, but down 3.0% compared to November 2022.

In November 2023, fine art ceramic exports reached their highest level in the past year
In November 2023, fine art ceramic exports reached their highest level in the past year

In the first 11 months of 2023, export fine art ceramics reached 131.85 million USD, down 37.5% compared to with the same period in 2022.

Since the beginning of 2023 until now, imports of fine art ceramics by the US and EU from Vietnam have tended to decrease. Currently, the market share of Vietnamese fine ceramic products in major markets such as the US and EU tends to decrease.

In October 2023, exports of fine art ceramic products to EU market reached 5.04 million USD, an increase of 53, 8% compared to September 2023, down 21.0% compared to October 2022.

Overall, in the first 10 months of 2023, exports of fine art ceramics to the EU account for 34.7% of the country's total export turnover of this item, reaching 39.46 million USD, down 39.3% over the same period last year. 2022. Among the markets in the EU, Vietnam's fine arts ceramics market share in Denmark is the largest.

According to statistics, exports of fine art ceramics to the United States market in October 2023 reached 5.81 million USD, an increase of 47.1% compared to September 2023, a decrease of 8.5% compared to the same period in 2022. Overall, in the first 10 months of 2023, exports of fine art ceramics to the United States account for 32.9% of total export turnover. The country's export of this product reached 37.40 million USD, down 48.3% over the same period in 2022.

Previously, Vietnam ranked second after China among the markets supplying fine ceramics to the United States, then in the first 9 months of 2023, imports of this item from Vietnam decreased sharply. Notably, in July 2023, US imports of fine art ceramics from Vietnam dropped sharply to the lowest level in nearly 8 years.

Although in the last 2 months, US imports of fine art ceramics from Vietnam have increased again, but are still at a low level, reaching 2.43 million USD in September 2023, an increase of 5.5% compared to August. /2023, but down 61.9% over the same period in 2022. Overall, in the first 9 months of 2023, reaching 44.38 million USD, down 49.8% over the same period in 2022.

In the US market, Vietnam currently ranks 5th after the markets of China, Portugal, Mexico, Italy and Thailand, with its market share in the first 9 months of 2023 decreasing to 3.1% compared to 4th place. .2% of the same period in 2022.

It is forecasted that Vietnam's export of fine-art ceramics in the coming months will continue to face many difficulties and decrease compared to the same period in 2022. Therefore, in addition to traditional export markets, businesses should also focus on exploiting Exploit other markets such as China, India, Korea, Taiwan (China), Brazil...

Nguyen Hanh