Updated Jan 3, 2023 04:54

Market for Roofing Tiles, Chimney-Pots, Cowls, Chimney Liners in China

Market Overview
The Chinese market for roofing tiles, chimney-pots, cowls, chimney liners declined slightly to $ in , which is down 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). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption failed to regain momentum.

In value terms, production of roofing tiles, chimney-pots, cowls, chimney liners shrank to $ in estimated in export price. In general, the total production indicated temperate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2019 indices. The pace of growth was the most pronounced in 2012 with an increase of %. Production of peaked at $ in 2013; however, from 2014 to , production failed to regain momentum.


Consumption
In , consumption of roofing tiles, chimney-pots, cowls, chimney liners in China contracted slightly to units, falling by -% against the previous year's figure. In general, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of % against the previous year. Consumption of peaked at units in 2019; however, from to , consumption remained at a lower figure.

The size of the market for roofing tiles, chimney-pots, cowls, chimney liners in China contracted to $ in , waning 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). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $ in 2013; however, from 2014 to , consumption failed to regain momentum.


Market Forecast
Driven by rising demand for roofing tiles, chimney-pots, cowls, chimney liners in China, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units 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 roofing tiles, chimney-pots, cowls, chimney liners in China 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 roofing tiles, chimney-pots, cowls, chimney liners. In , the share of imports in total consumption accounted for less than % 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 less than % in value terms and % in physical terms. The share of imports increased moderately (less than percentage point) over the period under review.


Trade Balance
China remains a net exporter of roofing tiles, chimney-pots, cowls, chimney liners; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.