Southern Asia: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Southern Asia

The South Asian market for tiles, flagstones and similar articles of cement, concrete or artificial stone was finally on the rise to reach $X in 2023, after two years of decline. The total consumption indicated a prominent 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. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2023.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Southern Asia

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone contracted slightly to $X in 2023 estimated in export price. The total production 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2023.

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

Exports in Southern Asia

In 2023, shipments abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then dropped sharply in the following year.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone reduced dramatically to $X in 2023. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2022, and then reduced rapidly in the following year.

Exports by Country

The shipments of the one major exporters of tiles, flagstones and similar articles of cement, concrete or artificial stone, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the tiles, flagstones and similar articles of cement, concrete or artificial stone 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 tiles, flagstones and similar articles of cement, concrete or artificial stone supplier in Southern Asia.

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

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

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.

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

Imports in Southern Asia

For the fifth consecutive year, Southern Asia recorded growth in overseas purchases of tiles, flagstones and similar articles of cement, concrete or artificial stone, which increased by X% to X tons in 2023. Overall, imports posted mild growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2023 and are likely to see gradual growth in the near future.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone reduced to $X in 2023. In general, imports recorded a prominent increase. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2022, and then reduced in the following year.

Imports by Country

India was the largest importer of tiles, flagstones and similar articles of cement, concrete or artificial stone in Southern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Maldives (X tons) took the second position in the ranking, distantly followed by Bangladesh (X tons) and Pakistan (X tons). All these countries together took near X% share of total imports. The following importers - Sri Lanka (X tons) and Bhutan (X tons) - each accounted for a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported tiles, flagstones and similar articles of cement, concrete or artificial stone in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Maldives ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

In India, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price, however, saw a moderate expansion. The pace of growth was the most pronounced in 2015 an increase of X%. The level of import peaked at $X per ton in 2021; however, from 2022 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 Sri Lanka ($X per ton), while Bhutan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform