Southern Asia: Ceramic Tile Market 2024

Ceramic Tile Market Size in Southern Asia

In 2022, the South Asian ceramic tile market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Ceramic Tile Production in Southern Asia

In value terms, ceramic tile production contracted to $X in 2022 estimated in export price. The total production indicated a strong increase 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 increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2021, and then reduced modestly in the following year.

Ceramic Tile Exports

Exports in Southern Asia

In 2022, after ten years of growth, there was significant decline in shipments abroad of ceramic tiles, when their volume decreased by X% to X square meters. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X square meters in 2021, and then declined in the following year.

In value terms, ceramic tile exports expanded sharply to $X in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from India (X square meters), together resulting at X% of total export.

India was also the fastest-growing in terms of the ceramic tiles exports, with a CAGR of X% from 2012 to 2022. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, ceramic tile exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per square meter in 2022, growing 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 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

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

Ceramic Tile Imports

Imports in Southern Asia

Ceramic tile imports fell notably to X square meters in 2022, reducing by X% against the year before. In general, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X square meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, ceramic tile imports fell to $X in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Nepal represented the main importer of ceramic tiles in Southern Asia, with the volume of imports accounting for X square meters, which was approx. X% of total imports in 2022. Sri Lanka (X square meters) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%), Pakistan (X%) and India (X%). Bhutan (X square meters) and Maldives (X square meters) held a little share of total imports.

Imports into Nepal increased at an average annual rate of X% from 2012 to 2022. At the same time, Bhutan (X%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Maldives experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%), Pakistan (X%), Bangladesh (X%) and India (X%) illustrated a downward trend over the same period. Nepal (X p.p.), Bhutan (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan, Bangladesh and India saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ceramic tile importing markets in Southern Asia were Nepal ($X), India ($X) and Sri Lanka ($X), together comprising X% of total imports. Bangladesh, Pakistan, Maldives and Bhutan lagged somewhat behind, together accounting for a further X%.

Bhutan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Southern Asia amounted to $X per square meter, growing by X% against the previous year. In general, the import price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2014 to 2022, the 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 India ($X per square meter), while Bhutan ($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 India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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