Before 2019, most countries had set their goals and aimed to achieve them by 2020. It was also predicted that more businesses would start blooming and profit will hit its peak. And the Ceramic industry is not an exception.
Before the global pandemic, the ceramic industry was at a reasonable standard, but business started falling when Covid-19 hit the world. And the same with ceramic industry sales.
The ceramic tile market hit rock bottom because of the lowest consumption. But is it the same situation now? Did the EU Ceramic Tile market lose the battle? Well, this article will certainly answer you.
Ceramic Tile Market in EU:
The EU ceramic tile market is globally famous for the quality and uniquely designed tiles that cater to the needs of all construction works. They produce products such as tiles, clay pipes, sanitaryware, bricks, etc. However, the pandemic paved the way for a decline in the market continuously; the European Commission worked hard to take the market back from the loss.
One of the objectives of the European Commission is to enhance the market and help it in improving the competition. This industry has a lot of employment opportunities. Literate and illiterate both have an equal share of employment opportunities. And the production value of the ceramic sector is almost €27.8 billion.
The global pandemic has continuously declined the ceramic tile market, not only in Europe but also in the whole world. Then, no one knew for how long the pandemic would continue, and in that case, people were so busy safeguarding their lives that they left the construction and building works.
Since the building construction is the primary work where the ceramics get consumed, the sudden halt in the construction resulted in heavy revenue losses. That made the industry hit the low line. According to the IndexBox market intelligence platform data, ceramic tiles’ consumption started blooming in 2017. Still, it hit down and showed a continuous lower figure from 2018 to 2021.
How Big is the EU Ceramic Tile Market, and Where is it headed?
The loss in the last three years was enormous—most businesses were destroyed without traces. But as of 2022, the situation started getting in hand, and the businesses again started blooming. That made the construction work increase. When the construction works started blooming, the ceramic industry would also bloom. And according to data from the IndexBox market intelligence platform, ceramic tiles are a significant contributor to construction works. Thus, by the end of 2027, the reach of the ceramic industry will grow to the maximum since the construction works have bloomed.
IndexBox market intelligence platform says Spain, Italy, and Poland are the primary producers of ceramic tiles. They together produce 82% of the whole continent. Germany, Portugal, the Czech Republic, and the Netherlands produce up to 14%.
As of 2021, countries like Spain, France, and Italy consumed more ceramic tiles. They consumed almost 48% of the total production. While Germany, Hungary, Austria, Greece, Poland, Belgium, Portugal, the Czech Republic, and the Netherlands consumed 44%.
The compound annual growth rate of the ceramic industry between 2020 to 2028 will be 4.19%, which will significantly grow by 4.11%. IndexBox market intelligence platform has stated that the export of ceramic tiles market’s growth was significantly flat from 2012 to 2021, with a bit of fluctuation between the years. And the year 2018 marks the highest export rate.
Flattening 2020, the import rate of ceramic in Europe reduced in 2021. The trend pattern from 2012 to 2021 remained the same as exports, with few fluctuations: Italy, Spain, and Poland export almost 88% of the ceramic.
The year 2017 marks the highest imports. Inside the continent, France and Germany were the main leading importers in the year 2021. While Romania, Poland, Austria, Belgium, and the Netherlands stood at a distance from its leaders.