Thailand: 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 Thailand

The Thai market for tiles, flagstones and similar articles of cement, concrete or artificial stone surged to $X in 2021, jumping by 16% against the previous year. Overall, consumption, however, showed resilient 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 Thailand

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 52% against the previous year. As a result, production reached 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 Thailand

In 2021, approx. X tons of tiles, flagstones and similar articles of cement, concrete or artificial stone were exported from Thailand; with an increase of 7.7% on the previous year. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 57%. Over the period under review, the exports of attained the peak figure 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 soared to $X in 2021. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cambodia (X tons), Lao People's Democratic Republic (X tons) and the United States (X tons) were the main destinations of exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Thailand, together accounting for 96% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +126.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from Thailand, comprising 54% of total exports. The second position in the ranking was held by Cambodia ($X), with a 24% share of total exports. It was followed by Lao People's Democratic Republic, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +136.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+15.1% per year) and Lao People's Democratic Republic (+14.0% 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, picking up by 57% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for tiles, flagstones and similar articles of cement, concrete or artificial stone increased by +76.7% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 (+4.4%), 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 Thailand

In 2021, purchases abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -18.3% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2020 when imports increased by 74%. As a result, imports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X in 2021. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplier to Thailand, with a 89% 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, Italy (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.5% per year) and Spain (-18.9% per year).

In value terms, China ($X) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Thailand, comprising 77% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Spain, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.6% per year) and Spain (-17.7% 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, picking up by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2017 an increase of 35%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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