Southern Asia: Ceramic Tile Market 2024

Ceramic Tile Market Size in Southern Asia

In 2023, after two years of growth, there was significant decline in the South Asian ceramic tile market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2022, and then shrank dramatically in the following year.

Ceramic Tile Production in Southern Asia

In value terms, ceramic tile production declined slightly to $X in 2023 estimated in export price. The total production indicated strong 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 increased by X% against 2012 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2022, and then dropped slightly in the following year.

Ceramic Tile Exports

Exports in Southern Asia

In 2023, approx. X square meters of ceramic tiles were exported in Southern Asia; increasing by X% compared with the previous year's figure. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, ceramic tile exports soared to $X in 2023. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of ceramic tiles, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the ceramic tiles exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of India increased by X percentage points, while 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.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per square meter in 2023, reducing 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 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per square meter in 2022, and then dropped in the following year.

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.

Ceramic Tile Imports

Imports in Southern Asia

In 2023, the amount of ceramic tiles imported in Southern Asia declined to X square meters, dropping by X% on the previous year. Overall, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X square meters in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, ceramic tile imports shrank modestly to $X in 2023. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Nepal (X square meters) was the main importer of ceramic tiles, achieving X% of total imports. It was distantly followed by Bangladesh (X square meters), Pakistan (X square meters), Sri Lanka (X square meters), India (X square meters), Maldives (X square meters) and Bhutan (X square meters), together comprising a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to ceramic tile imports into Nepal stood at X%. At the same time, Bhutan (X%) and Maldives (X%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Pakistan (X%), Bangladesh (X%), Sri Lanka (X%) and India (X%) illustrated a downward trend over the same period. While the share of Nepal (X p.p.), Bhutan (X p.p.) and Maldives (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Bangladesh (X p.p.), Sri Lanka (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nepal ($X), Bangladesh ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Pakistan, Maldives, Sri Lanka and Bhutan lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Bhutan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 square meter, standing approx. at the previous year. In general, the import price recorded a pronounced reduction. The growth pace was the most rapid in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per square meter. From 2014 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 2023, 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