India: 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 India

After three years of growth, the Indian market for tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -0.7% to $X in 2021. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.1% against 2012 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell modestly in the following year.

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

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone shrank slightly to $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +37.4% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 25%. Over the period under review, production of reached the peak level at $X in 2020, and then fell slightly in the following year.

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

Exports from India

In 2021, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from India surged to X tons, growing by 98% on the previous year. Overall, exports saw significant growth. The growth pace was the most rapid in 2019 with an increase of 200% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 231%. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from India, with a 90% share of total exports. Moreover, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +100.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+28.1% per year) and Bangladesh (-44.6% per year).

In value terms, the United States ($X) remains the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from India, comprising 92% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +108.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+24.7% per year) and Bangladesh (-43.4% per year).

Export Prices by Country

In 2021, the average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, waning by -4.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2014 an increase of 48% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into India

In 2021, approx. X tons of tiles, flagstones and similar articles of cement, concrete or artificial stone were imported into India; growing by 356% against the previous year's figure. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone surged to $X in 2021. Overall, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to India, with a 72% share of total imports. Moreover, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), ninefold. Singapore (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.8% per year) and Singapore (+117.3% per year).

In value terms, China ($X) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to India, comprising 65% of total imports. The second position in the ranking was taken by Singapore ($X), with a 14% share of total imports. It was followed by Israel, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+141.0% per year) and Israel (+106.1% per year).

Import Prices by Country

In 2021, the average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, waning by -2.1% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for tiles, flagstones and similar articles of cement, concrete or artificial stone increased by +29.5% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 54%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Thailand ($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 (+48.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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