India: Ceramic Tile Market 2024

Ceramic Tile Market Size in India

The Indian ceramic tile market stood at $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Ceramic tile consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Ceramic Tile Production in India

In value terms, ceramic tile production shrank modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +97.1% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 19% against the previous year. Ceramic tile production peaked at $X in 2021, and then contracted in the following year.

Ceramic Tile Exports

Exports from India

In 2022, after ten years of growth, there was significant decline in overseas shipments of ceramic tiles, when their volume decreased by -5.2% to X square meters. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 85%. Over the period under review, the exports reached the maximum at X square meters in 2021, and then shrank in the following year.

In value terms, ceramic tile exports expanded remarkably to $X in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 97%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X square meters), Iraq (X square meters) and Saudi Arabia (X square meters) were the main destinations of ceramic tile exports from India, with a combined 21% share of total exports. Nepal, Kuwait, Jordan, Thailand, Indonesia, Mexico, Russia, Poland, Qatar and Israel lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +381.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Iraq ($X) and Saudi Arabia ($X) appeared to be the largest markets for ceramic tile exported from India worldwide, with a combined 21% share of total exports. Kuwait, Jordan, Nepal, Thailand, Mexico, Russia, Poland, Indonesia, Israel and Qatar lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Mexico, with a CAGR of +383.0%, recorded the highest growth rate of 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

In 2022, the average ceramic tile export price amounted to $X per square meter, increasing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per square meter), while the average price for exports to Nepal ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Tile Imports

Imports into India

In 2022, ceramic tile imports into India declined markedly to X square meters, with a decrease of -37.9% compared with the previous year. In general, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 66%. As a result, imports reached the peak of X square meters. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, ceramic tile imports soared to $X in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 48%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X square meters), Italy (X square meters) and Spain (X square meters) were the main suppliers of ceramic tile imports to India, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of -4.8%), while purchases for the other leaders experienced a decline.

In value terms, the largest ceramic tile suppliers to India were Italy ($X), Spain ($X) and China ($X), together accounting for 90% of total imports.

In terms of the main suppliers, Italy, with a CAGR of -1.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average ceramic tile import price stood at $X per square meter in 2022, jumping by 98% against the previous year. Over the period under review, the import price posted a strong increase. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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