South-Eastern Asia: Ceramic Tile Market 2024

Ceramic Tile Market Size in South-Eastern Asia

In 2023, the Southeast Asian ceramic tile market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2022, and then dropped slightly in the following year.

Ceramic Tile Production in South-Eastern Asia

In value terms, ceramic tile production dropped modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Ceramic Tile Exports

Exports in South-Eastern Asia

In 2023, the amount of ceramic tiles exported in South-Eastern Asia expanded slightly to X square meters, rising by X% compared with the year before. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X square meters in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, ceramic tile exports dropped slightly to $X in 2023. Overall, exports, however, saw a perceptible decline. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X square meters), Malaysia (X square meters) and Thailand (X square meters) represented roughly X% of total exports in 2023. It was distantly followed by Indonesia (X square meters), constituting a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest ceramic tile supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total exports.

Among the main exporting countries, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per square meter, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a slight downturn. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per square meter in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per square meter), while Malaysia ($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 Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Ceramic Tile Imports

Imports in South-Eastern Asia

In 2023, after two years of growth, there was significant decline in supplies from abroad of ceramic tiles, when their volume decreased by X% to X square meters. Total imports indicated tangible growth from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X square meters in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, ceramic tile imports fell to $X in 2023. Total imports indicated a remarkable 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

The purchases of the three major importers of ceramic tiles, namely Thailand, Malaysia and the Philippines, represented more than half of total import. Cambodia (X square meters) ranks next in terms of the total imports with a X% share, followed by Indonesia (X%) and Myanmar (X%). Vietnam (X square meters) followed a long way behind the leaders.

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

In value terms, the Philippines ($X) constitutes the largest market for imported ceramic tiles in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In the Philippines, ceramic tile imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per square meter, with a decrease of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per square meter in 2014; however, from 2015 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 the Philippines ($X per square meter), while Malaysia ($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 Myanmar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform