GCC: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in GCC

The GCC market for tiles, flagstones and similar articles of cement, concrete or artificial stone rose to $X in 2021, growing by 3.8% against the previous year. In general, consumption continues to indicate a buoyant increase. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in GCC

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone expanded to $X in 2021 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 63%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports in GCC

In 2021, the amount of tiles, flagstones and similar articles of cement, concrete or artificial stone exported in GCC fell dramatically to X tons, with a decrease of -29.9% compared with the previous year's figure. Over the period under review, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 89%. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone contracted to $X in 2021. Overall, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 116%. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the main exporter of tiles, flagstones and similar articles of cement, concrete or artificial stone in GCC, with the volume of exports finishing at X tons, which was near 63% of total exports in 2021. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 30% share, followed by Oman (6.8%).

Saudi Arabia was also the fastest-growing in terms of the tiles, flagstones and similar articles of cement, concrete or artificial stone exports, with a CAGR of +40.3% from 2012 to 2021. At the same time, Oman (+12.1%) displayed positive paces of growth. By contrast, the United Arab Emirates (-5.3%) illustrated a downward trend over the same period. Saudi Arabia (+57 p.p.) and Oman (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -58.7% from 2012 to 2021, respectively.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 100% share of total exports.

Among the main exporting countries, Saudi Arabia, with a CAGR of +33.9%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, surging by 30% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.2%), while the other leaders experienced a decline in the export price figures.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports in GCC

In 2021, overseas purchases of tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -19% to X tons, falling for the third year in a row after three years of growth. In general, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 when imports increased by 29% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone rose rapidly to $X in 2021. Overall, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Bahrain (X tons) represented the main importer of tiles, flagstones and similar articles of cement, concrete or artificial stone, mixing up 41% of total imports. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Kuwait (X tons) and Oman (X tons), together constituting a 58% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +33.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported tiles, flagstones and similar articles of cement, concrete or artificial stone in GCC, comprising 60% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 12% share of total imports. It was followed by Bahrain, with a 12% share.

In the United Arab Emirates, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone increased at an average annual rate of +9.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kuwait (+2.3% per year) and Bahrain (+16.2% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, picking up by 34% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+9.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform