Eastern Asia: Ceramic Tile Market 2024

Ceramic Tile Market Size in Eastern Asia

The East Asian ceramic tile market totaled $X in 2023, stabilizing at the previous year. The total consumption indicated a strong 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, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Ceramic Tile Production in Eastern Asia

In value terms, ceramic tile production amounted to $X in 2023 estimated in export price. The total production indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 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. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Ceramic Tile Exports

Exports in Eastern Asia

Ceramic tile exports declined to X square meters in 2023, which is down by X% against 2022 figures. Over the period under review, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. The volume of export peaked at X square meters in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, ceramic tile exports fell to $X in 2023. In general, exports saw a noticeable reduction. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, China (X square meters) was the key exporter of ceramic tiles in Eastern Asia, making up 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 2023. 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 2023, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per square meter, standing approx. at the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded 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 2023, 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 2023, the rate of growth in terms of prices for China amounted to X% per year.

Ceramic Tile Imports

Imports in Eastern Asia

In 2023, ceramic tile imports in Eastern Asia fell to X square meters, waning by X% on 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X square meters in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, ceramic tile imports declined slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, South Korea (X square meters) was the largest importer of ceramic tiles, mixing up X% of total imports. It was distantly followed by Japan (X square meters), Taiwan (Chinese) (X square meters) and Hong Kong SAR (X square meters), together mixing up a X% share of total imports. The following importers - Democratic People's Republic of Korea (X square meters) and China (X square meters) - together made up X% of total imports.

South Korea was also the fastest-growing in terms of the ceramic tiles imports, with a CAGR of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, Japan (X%), Democratic People's Republic of Korea (X%), China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Democratic People's Republic of Korea, Japan, China and Hong Kong SAR saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively.

In value terms, the largest ceramic tile importing markets in Eastern Asia were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

South Korea, 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 2023, the import price in Eastern Asia amounted to $X per square meter, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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 China ($X per square meter), while Democratic People's Republic of Korea ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform