Latin America and the Caribbean: Ceramic Tile Market 2024

Ceramic Tile Market Size in Latin America and the Caribbean

In 2023, after two years of growth, there was decline in the Latin American ceramic tile market, when its value decreased by X% to $X. Over the period under review, consumption saw a mild downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Ceramic Tile Production in Latin America and the Caribbean

In value terms, ceramic tile production totaled $X in 2023 estimated in export price. Over the period under review, production, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Ceramic Tile Exports

Exports in Latin America and the Caribbean

In 2023, exports of ceramic tiles in Latin America and the Caribbean dropped to X square meters, shrinking by X% against the year before. Over the period under review, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, ceramic tile exports reduced to $X in 2023. Total exports indicated a modest increase 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. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then contracted in the following year.

Exports by Country

In 2023, Mexico (X square meters) represented the main exporter of ceramic tiles, generating X% of total exports. Brazil (X square meters) held the second position in the ranking, distantly followed by Peru (X square meters). All these countries together took approx. X% share of total exports. Argentina (X square meters), Guatemala (X square meters) and Colombia (X square meters) followed a long way behind the leaders.

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

In value terms, the largest ceramic tile supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Peru ($X), with a combined X% share of total exports. Guatemala, Argentina and Colombia lagged somewhat behind, together comprising a further X%.

Guatemala, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 2023, the export price in Latin America and the Caribbean amounted to $X per square meter, approximately equating the previous year. Overall, the export price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2023, 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 2023, approx. X square meters of ceramic tiles were imported in Latin America and the Caribbean; waning by X% on 2022 figures. Over the period under review, imports, however, recorded a temperate expansion. 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 square meters. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, ceramic tile imports declined to $X in 2023. Total imports indicated measured growth 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. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

Mexico was the main importing country with an import of about X square meters, which resulted at X% of total imports. It was distantly followed by the Dominican Republic (X square meters), Chile (X square meters), Peru (X square meters) and Colombia (X square meters), together creating a X% share of total imports. Honduras (X square meters), El Salvador (X square meters), Costa Rica (X square meters), Ecuador (X square meters), Guatemala (X square meters), Argentina (X square meters), Uruguay (X square meters) and Suriname (X square meters) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to ceramic tile imports into Mexico stood at X%. At the same time, the Dominican Republic (X%), El Salvador (X%), Suriname (X%), Guatemala (X%), Honduras (X%), Peru (X%), Costa Rica (X%), Argentina (X%), Chile (X%), Ecuador (X%) and Uruguay (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 2012-2023. By contrast, Colombia (X%) illustrated a downward trend over the same period. Mexico (X p.p.), the Dominican Republic (X p.p.), El Salvador (X p.p.) and Honduras (X p.p.) significantly strengthened its position in terms of the total imports, while Colombia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Mexico stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per square meter, waning by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per square meter in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform