GCC: Concrete Tile Market 2024

Concrete Tile Market Size in GCC

The GCC concrete tile market amounted to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Concrete Tile Production in GCC

In value terms, concrete tile production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 64% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Concrete Tile Exports

Exports in GCC

In 2022, overseas shipments of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone were finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2014 with an increase of 98%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, concrete tile exports rose rapidly to $X in 2022. Overall, exports posted a slight increase. The most prominent rate of growth was recorded in 2013 with an increase of 109%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together making up 87% of total exports. Kuwait (X tons) took a 7.8% share (based on physical terms) of total exports, which put it in second place, followed by Oman (5.1%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of +9.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest concrete tile supplying countries in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), together comprising 95% of total exports.

In terms of the main exporting countries, Oman, with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, falling by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2013 an increase of 25%. The level of export peaked at $X per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Concrete Tile Imports

Imports in GCC

In 2022, overseas purchases of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone decreased by -6.2% to X tons, falling for the fourth year in a row after four years of growth. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, concrete tile imports shrank to $X in 2022. Overall, imports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of 26%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons), Bahrain (X tons) and Oman (X tons) represented roughly 88% of total imports in 2022. It was distantly followed by Kuwait (X tons), mixing up a 10% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +6.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone in GCC, comprising 51% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 20% share of total imports. It was followed by Bahrain, with a 12% share.

In the United Arab Emirates, concrete tile imports expanded at an average annual rate of +6.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (-10.5% per year) and Bahrain (+5.6% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth was the most pronounced in 2021 when the import price increased by 83%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform