Philippines: 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 the Philippines

The Philippine market for tiles, flagstones and similar articles of cement, concrete or artificial stone totaled $X in 2021, rising by 2.5% against the previous year. Overall, consumption enjoyed measured growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

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

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. Over the period under review, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.1% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 80%. As a result, production attained the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

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

Exports from the Philippines

Exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from the Philippines shrank remarkably to X tons in 2021, waning by -44.1% on the previous year's figure. Overall, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 when exports increased by 562% against the previous year. As a result, the exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone fell markedly to $X in 2021. Over the period under review, exports, however, posted modest growth. The pace of growth was the most pronounced in 2020 when exports increased by 473%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Japan (X tons) was the main destination for exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from the Philippines, with a 87% share of total exports. Moreover, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone to Japan exceeded the volume sent to the second major destination, the United States (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +9.9%.

In value terms, Japan ($X) remains the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from the Philippines, comprising 87% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan was relatively modest.

Export Prices by Country

The average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2021, increasing by 7.3% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2017 when the average export price increased by 9%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.3%).

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

Imports into the Philippines

In 2021, purchases abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -13.2% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 236%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone rose sharply to $X in 2021. In general, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 165% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplier to the Philippines, accounting for a 59% 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), threefold. Italy (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+3.4% per year) and Italy (+26.8% per year).

In value terms, China ($X) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to the Philippines, comprising 59% of total imports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total imports. It was followed by Italy, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+22.8% per year) and Italy (+19.8% per year).

Import Prices by Country

The average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2021, rising by 21% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 65% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Thailand ($X per ton) and Malaysia ($X per ton), while the price for China ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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