India now ranks among the top five countries from where the US imported the most tiles by volume and value. Spain, Italy, Mexico, and Turkey are the only countries that export more tiles to the US.
The North American ceramic tiles market size, valued at $20.4 billion in 2020, is likely to grow at a compounded annual growth rate (CAGR) of 5.3 percent to $30.67 billion by 2028, according to Grandview Research.
India is the world's second-largest manufacturer of tiles. Despite the distinction, it somehow never made it to the list of top exporters to the US, even after exporting to over 125 countries, including Saudi Arabia, Mexico, and Kuwait.
India first featured among the top five countries from which the US imports ceramic tiles in the January-March 2021 period. On a year-on-year basis, India's exports of ceramics to the US nearly doubled between January-March 2020 & January-March 2021.
India now exports most ceramic products to the US in monetary terms. Exports of ceramics and glassware products hit a record $3.5 billion in FY22. For the second quarter of 2022, India remains among the top five countries from where the US imports ceramic products.
However, India has registered the highest growth among the top five countries compared to the second quarter of 2021 at 4.4 percent. In US dollar terms, US imports from India increased 22.3 percent from last year, only second to Spain. The value of ceramic products imported from India has crossed $100 million so far this year.
Over 90 percent of the ceramics produced in India come from Morbi in Gujarat. Brokerage firm Jefferies believes that Morbi exports will likely rise to 50 percent of overall production over the next three years from the current levels of 35 percent, aided by the energy crisis in Europe and Russian exports.
