Southern Asia: 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 Southern Asia

The South Asian market for tiles, flagstones and similar articles of cement, concrete or artificial stone dropped to $X in 2023, stabilizing at the previous year. The total consumption indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Southern Asia

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone contracted slightly to $X in 2023 estimated in export price. The total production indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports in Southern Asia

In 2023, after two years of growth, there was significant decline in shipments abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone, when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2022, and then contracted sharply in the following year.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone plummeted to $X in 2023. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of export peaked at $X in 2022, and then fell dramatically in the following year.

Exports by Country

In 2023, India (X tons) represented the key exporter of tiles, flagstones and similar articles of cement, concrete or artificial stone in Southern Asia, making up X% of total export.

India was also the fastest-growing in terms of the tiles, flagstones and similar articles of cement, concrete or artificial stone exports, with a CAGR of X% from 2012 to 2023. India (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplier in Southern Asia.

In India, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in supplies from abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone, which increased by X% to X tons in 2023. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone dropped to $X in 2023. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2022, and then reduced in the following year.

Imports by Country

India was the major importer of tiles, flagstones and similar articles of cement, concrete or artificial stone in Southern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by Maldives (X tons), Bangladesh (X tons) and Pakistan (X tons), together mixing up a X% share of total imports. The following importers - Sri Lanka (X tons) and Bhutan (X tons) - each resulted at a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Pakistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tiles, flagstones and similar articles of cement, concrete or artificial stone importing markets in Southern Asia were India ($X), Maldives ($X) and Bangladesh ($X), together comprising X% of total imports.

Bangladesh, 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

In 2023, the import price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform