After five years of record growth, the signs of a slowdown that had already emerged in 2018, intensified in 2019, leading to a 19.8% drop in revenues, falling to 1.73 million euros.
The new forecasts were presented at the 89th Euroconstruct Conference in Stockholm on 12th June 2020.
According to figures released by Confindustria Ceramica for the performance of the four segments in 2019, the sanitaryware sector remained stable, the refractory sector partially maintained the prior year results, while the tableware and brick and roof tile sectors both saw contractions.
Confindustria Ceramica announces the final figures for 2019 and makes an initial assessment of the impact of the health emergency on the tile industry
In 2019 Chinese ceramic tile exports registered the sixth yearly decrease, falling by 9.8% to 770 million sq.m
Ceramic tile manufacturers, colour and glaze companies and machinery and plant suppliers are all back to work counting on their respective competitive factors to overcome a challenging situation.
With China’s exit from the market, Spain, Italy, Turkey, Brazil and the newcomers saw increases in sales
According to the new Cresme forecasts, a recovery of between +10% and +11% is expected in 2021. Public works will help to mitigate the downturn.
AIA, the American Institute of Architects, has revised down the 2020 projections to an 11% decline
In 2019, Canadian ceramic tile consumption registered a further decrease, declining by 11.2% to 35.3 million sq.m
Total new home starts grew by 3.2%, while new single-family home sales were at their highest level in twelve years: +10.3%.
In 2019, U.S. ceramic tile consumption declined for the first time in a decade to 273.2 million sq.m. (-5,4% on 2018). This affected both the domestic production (83 million sq,m, -4.8%) and imports (193 million sq.m, -5.5%), with China dropping by 36.4%.