Portugal: Ceramic Tile Market 2024

Ceramic Tile Market Size in Portugal

In 2022, after five years of growth, there was significant decline in the Portuguese ceramic tile market, when its value decreased by -34.5% to $X. In general, consumption, however, enjoyed a buoyant expansion. Ceramic tile consumption peaked at $X in 2021, and then contracted significantly in the following year.

Ceramic Tile Production in Portugal

In value terms, ceramic tile production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 17% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Ceramic Tile Exports

Exports from Portugal

In 2022, shipments abroad of ceramic tiles increased by 11% to X square meters, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 26% against the previous year. As a result, the exports attained the peak of X square meters. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, ceramic tile exports expanded markedly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 32%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X square meters) was the main destination for ceramic tile exports from Portugal, accounting for a 37% share of total exports. Moreover, ceramic tile exports to France exceeded the volume sent to the second major destination, the UK (X square meters), sixfold. The third position in this ranking was taken by Sweden (X square meters), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.0% per year) and Sweden (+4.4% per year).

In value terms, France ($X) remains the key foreign market for ceramic tiles exports from Portugal, comprising 34% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.7% share of total exports. It was followed by the UK, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.4% per year) and the UK (+2.8% per year).

Export Prices by Country

In 2022, the average ceramic tile export price amounted to $X per square meter, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2019 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Sweden ($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 the United States (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Tile Imports

Imports into Portugal

In 2022, after two years of growth, there was significant decline in supplies from abroad of ceramic tiles, when their volume decreased by -35.4% to X square meters. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 70%. Over the period under review, imports hit record highs at X square meters in 2021, and then dropped rapidly in the following year.

In value terms, ceramic tile imports stood at $X in 2022. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X square meters) constituted the largest supplier of ceramic tile to Portugal, with a 82% share of total imports. Moreover, ceramic tile imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X square meters), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.8% per year) and India (+189.1% per year).

In value terms, Spain ($X) constituted the largest supplier of ceramic tiles to Portugal, comprising 75% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.5% per year) and India (+201.1% per year).

Import Prices by Country

In 2022, the average ceramic tile import price amounted to $X per square meter, surging by 61% against the previous year. Over the period under review, the import price saw measured growth. As a result, import price reached 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 ($X per square meter), while the price for India ($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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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