Updated Jan 24, 2023 18:06

Market for Non-Refractory Clay Flooring Blocks, Support Or Filler Tiles in India

Market Overview
The Indian market for non-refractory clay flooring blocks, support or filler tiles fell to $ in , stabilizing at 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 showed a pronounced decrease. The pace of growth appeared the most rapid in 2019 with an increase of % against the previous year. Consumption of peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

In value terms, production of non-refractory clay flooring blocks, support or filler tiles contracted to $ in estimated in export price. In general, production saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. Over the period under review, production of hit record highs at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.


Consumption
In , consumption of non-refractory clay flooring blocks, support or filler tiles in India reduced to tons, remaining relatively unchanged against figures. Overall, consumption saw a noticeable curtailment. The pace of growth was the most pronounced in 2018 with an increase of %. Consumption of peaked at tons in 2008; however, from 2009 to , consumption failed to regain momentum.

The revenue of the market for non-refractory clay flooring blocks, support or filler tiles in India fell slightly to $ in , leveling off at 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). In general, consumption showed a noticeable reduction. The pace of growth appeared the most rapid in 2019 with an increase of % against the previous year. Consumption of peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for non-refractory clay flooring blocks, support or filler tiles in India, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract 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 non-refractory clay flooring blocks, support or filler tiles in India 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 non-refractory clay flooring blocks, support or filler tiles. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
India remains a net importer of non-refractory clay flooring blocks, support or filler tiles; 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 $.