Latin America and the Caribbean: Ceramic Tile Market 2024

Ceramic Tile Market Size in Latin America and the Caribbean

The Latin American ceramic tile market shrank modestly to $X in 2022, waning by X% against the previous year. Overall, consumption showed a mild reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ceramic Tile Production in Latin America and the Caribbean

In value terms, ceramic tile production contracted modestly to $X in 2022 estimated in export price. In general, production showed a noticeable setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ceramic Tile Exports

Exports in Latin America and the Caribbean

In 2022, exports of ceramic tiles in Latin America and the Caribbean reduced modestly to X square meters, which is down by X% on the previous year. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X square meters in 2021, and then declined slightly in the following year.

In value terms, ceramic tile exports expanded markedly to $X in 2022. Total exports indicated a notable 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Mexico (X square meters) and Brazil (X square meters) dominates exports structure, together comprising X% of total exports. It was distantly followed by Peru (X square meters), generating a X% share of total exports. Argentina (X square meters) and Guatemala (X square meters) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per square meter, picking up by X% against the previous year. In general, the export price, however, recorded a pronounced decline. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per square meter), while Argentina ($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 Guatemala (X%), while the other leaders experienced a decline in the export price figures.

Ceramic Tile Imports

Imports in Latin America and the Caribbean

In 2022, ceramic tile imports in Latin America and the Caribbean fell to X square meters, with a decrease of X% on 2021 figures. Over the period under review, imports, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X square meters, and then contracted in the following year.

In value terms, ceramic tile imports rose slightly to $X in 2022. Total imports indicated a measured 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Mexico represented the key importing country with an import of around X square meters, which reached X% of total imports. The Dominican Republic (X square meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%), Peru (X%) and Colombia (X%). El Salvador (X square meters), Argentina (X square meters), Honduras (X square meters), Guatemala (X square meters), Costa Rica (X square meters), Ecuador (X square meters), Panama (X square meters) and Paraguay (X square meters) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), El Salvador (X%), Guatemala (X%), Argentina (X%), Honduras (X%), Chile (X%), Peru (X%), Panama (X%), Costa Rica (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Ecuador experienced a relatively flat trend pattern. By contrast, Colombia (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), the Dominican Republic (X p.p.), El Salvador (X p.p.) and Guatemala (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported ceramic tiles in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Mexico, ceramic tile imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per square meter in 2022, jumping by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Paraguay ($X per square meter), while Honduras ($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 Paraguay (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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