Updated Dec 8, 2022 05:05

Concrete Tile Market in Chile

Market Overview
In , after six years of growth, there was decline in the Chilean concrete tile market, when its value decreased by -% to $. In general, consumption, however, posted buoyant growth. Over the period under review, the market attained the peak level at $ in , and then dropped slightly in the following year.

In value terms, concrete tile production declined modestly to $ in estimated in export price. Over the period under review, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2008 when the production volume increased by %. Concrete tile production peaked at $ in , and then shrank slightly in the following year.


Consumption
Concrete tile consumption in Chile reached tons in , flattening at the previous year. Overall, consumption posted a buoyant expansion. Concrete tile consumption peaked at tons in ; however, from to , consumption remained at a lower figure.

The revenue of the concrete tile market in Chile expanded to $ in , rising by % against 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, consumption saw a prominent expansion. Over the period under review, the market attained the maximum level at $ in ; however, from to , consumption remained at a lower figure.


Consumption by Type
Building blocks and bricks of cement, concrete or artificial stone ( tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. It was followed by tiles, flagstones and similar articles of cement, concrete or artificial stone ( tons), with a % share of total consumption.

From 2007 to , the average annual rate of growth in terms of the volume of building blocks and bricks of cement, concrete or artificial stone consumptions was relatively modest.

In value terms, building blocks and bricks of cement, concrete or artificial stone ($) led the market, alone. The second position in the ranking was held by tiles, flagstones and similar articles of cement, concrete or artificial stone ($).

From 2007 to , the average annual growth rate of the value of building blocks and bricks of cement, concrete or artificial stone markets was relatively modest.


Market Forecast
Driven by increasing demand for tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone in Chile, 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 +% for the period from to , which is projected to bring the market volume to tons by the end of .

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


Market Structure
Over the period under review, imports of concrete tile in Chile were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for concrete tile.


Trade Balance
Chile remains a net importer of concrete tile; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.