Eastern Asia: Ceramic Tile Market 2024

Ceramic Tile Market Size in Eastern Asia

The East Asian ceramic tile market dropped to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Ceramic Tile Production in Eastern Asia

In value terms, ceramic tile production reduced modestly to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Ceramic Tile Exports

Exports in Eastern Asia

In 2022, shipments abroad of ceramic tiles was finally on the rise to reach X square meters for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, exports, however, showed a noticeable contraction. Over the period under review, the exports hit record highs at X square meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ceramic tile exports skyrocketed to $X in 2022. In general, exports, however, recorded a pronounced reduction. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X square meters) was the main exporter of ceramic tiles in Eastern Asia, generating X% of total export.

China was also the fastest-growing in terms of the ceramic tiles exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest ceramic tile supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per square meter in 2022, standing approx. at the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Ceramic Tile Imports

Imports in Eastern Asia

In 2022, approx. X square meters of ceramic tiles were imported in Eastern Asia; reducing by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, ceramic tile imports declined to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

South Korea was the major importing country with an import of about X square meters, which amounted to X% of total imports. Japan (X square meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%), China (X%) and Hong Kong SAR (X%).

South Korea was also the fastest-growing in terms of the ceramic tiles imports, with a CAGR of X% from 2012 to 2022. At the same time, China (X%), Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), Taiwan (Chinese) (X p.p.) and China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per square meter in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X%. The level of import peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while South Korea ($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 Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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