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

The article discusses the global market trends for tiles, flagstones, and similar articles of cement, concrete or artificial stone. Consumption is projected to increase with a CAGR of +2.7%, reaching 607M tons by 2030. China is the largest consumer and producer in this market. In terms of imports and exports, significant growth is expected in the coming years. The average import price stands at $447 per ton, while the average export price is $527 per ton. The major exporters include China, Germany, and Italy, while the major importers include France, the UK, and the United States. Overall, the global market is poised for steady growth in the near future.

Market Forecast

Driven by increasing demand for tiles, flagstones and similar articles of cement, concrete or artificial stone worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 607M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.7% for the period from 2022 to 2030, which is projected to bring the market value to $390.8B (in nominal prices) by the end of 2030.

Consumption

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

In 2022, the amount of tiles, flagstones and similar articles of cement, concrete or artificial stone consumed worldwide dropped slightly to 490M tons, approximately equating 2021 figures. In general, the total consumption indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.4% against 2012 indices. Global consumption peaked at 491M tons in 2021, and then dropped slightly in the following year.

The value of the market for tiles, flagstones and similar articles of cement, concrete or artificial stone worldwide fell slightly to $270.7B in 2022, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +71.4% against 2012 indices. Over the period under review, the global market attained the peak level at $272.7B in 2021, and then dropped modestly in the following year.

Consumption By Country

China (101M tons) constituted the country with the largest volume of consumption of tiles, flagstones and similar articles of cement, concrete or artificial stone, accounting for 21% of total volume. Moreover, consumption of tiles, flagstones and similar articles of cement, concrete or artificial stone in China exceeded the figures recorded by the second-largest consumer, India (38M tons), threefold. The third position in this ranking was held by the United States (28M tons), with a 5.6% share.

In China, consumption of tiles, flagstones and similar articles of cement, concrete or artificial stone increased at an average annual rate of +4.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+4.0% per year) and the United States (+1.9% per year).

In value terms, China ($94.2B) led the market, alone. The second position in the ranking was taken by India ($33.7B). It was followed by the United States.

From 2012 to 2022, the average annual growth rate of value in China amounted to +4.6%. The remaining consuming countries recorded the following average annual rates of market growth: India (+5.4% per year) and the United States (+4.3% per year).

The countries with the highest levels of tiles, flagstones and similar articles of cement, concrete or artificial stone per capita consumption in 2022 were Poland (383 kg per person), Germany (241 kg per person) and Egypt (109 kg per person).

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +8.1%), while stone for the other global leaders experienced more modest paces of growth.

Production

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

In 2022, global production of tiles, flagstones and similar articles of cement, concrete or artificial stone reduced slightly to 491M tons, standing approx. at 2021. Over the period under review, the total production indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +58.5% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 15% against the previous year. Global production peaked at 492M tons in 2021, and then shrank slightly in the following year.

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone contracted to $271.7B in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. Over the period under review, global production of hit record highs at $275.6B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (102M tons) constituted the country with the largest volume of production of tiles, flagstones and similar articles of cement, concrete or artificial stone, accounting for 21% of total volume. Moreover, production of tiles, flagstones and similar articles of cement, concrete or artificial stone in China exceeded the figures recorded by the second-largest producer, India (38M tons), threefold. The United States (28M tons) ranked third in terms of total production with a 5.6% share.

In China, production of tiles, flagstones and similar articles of cement, concrete or artificial stone expanded at an average annual rate of +4.3% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+4.0% per year) and the United States (+1.8% per year).

Imports

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

In 2022, the amount of tiles, flagstones and similar articles of cement, concrete or artificial stone imported worldwide expanded significantly to 3.6M tons, increasing by 5.1% on the year before. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 23%. As a result, imports attained the peak of 4M tons. From 2020 to 2022, the growth of global imports of remained at a lower figure.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone rose sharply to $1.6B in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Global imports peaked in 2022 and are likely to see steady growth in the near future.

Imports By Country

The purchases of the twelve major importers of tiles, flagstones and similar articles of cement, concrete or artificial stone, namely France, the UK, the Netherlands, the United States, Slovakia, Germany, Cambodia, Austria, Singapore, South Korea, Vietnam and Canada, represented more than half of total import. Switzerland (96K tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +52.4%), while purchases for the other global 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 worldwide were the UK ($132M), South Korea ($95M) and Canada ($92M), with a combined 20% share of global imports. The United States, Vietnam, France, the Netherlands, Germany, Switzerland, Austria, Singapore, Slovakia and Cambodia lagged somewhat behind, together accounting for a further 29%.

Among the main importing countries, Vietnam, with a CAGR of +50.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $447 per ton in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2021 an increase of 30%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($918 per ton), while Cambodia ($113 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.1%), while the other global leaders experienced more modest paces of growth.

Exports

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

After two years of growth, shipments abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -4.2% to 4.6M tons in 2022. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by 13% against the previous year. Over the period under review, the global exports of hit record highs at 4.8M tons in 2021, and then shrank modestly in the following year.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone expanded slightly to $2.4B in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 30% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in years to come.

Exports By Country

In 2022, China (977K tons), distantly followed by Germany (518K tons), Thailand (293K tons) and the Netherlands (228K tons) were the major exporters of tiles, flagstones and similar articles of cement, concrete or artificial stone, together comprising 44% of total exports. The following exporters - Italy (203K tons), India (191K tons), Poland (167K tons), the Czech Republic (166K tons), the UK (155K tons), Ireland (153K tons), Belgium (150K tons), Malaysia (149K tons) and Hungary (148K tons) - together made up 32% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Ireland (with a CAGR of +68.7%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($971M) remains the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplier worldwide, comprising 40% of global exports. The second position in the ranking was held by India ($183M), with a 7.6% share of global exports. It was followed by Italy, with a 6.4% share.

In China, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone increased at an average annual rate of +22.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (+36.6% per year) and Italy (-0.2% per year).

Export Prices By Country

In 2022, the average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $527 per ton, growing by 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2014 an increase of 18%. The global export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($994 per ton), while Hungary ($116 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform