The U.S Real Estate Market Begins Full Recovery
U.S. Tile Consumption Overview:
Strengthened by steady growth in the housing and construction markets, the U.S. economy continued to expand in 2016, helping lift the U.S. ceramic tile market to a seventh straight year of growth.
U.S. ceramic tile consumption in 2016 was 2.90 billion sq. ft., up 5.8% vs. 2015 (2.74 billion sq. ft.).
For perspective 2016 is the fourth highest level ever reached by the U.S. ceramic tile market, topped only by the pre-recession boom of 2004-2006, when consumption was more than three billion sq. ft. annually.
The chart below shows total U.S. consumption of ceramic tile (in sq. ft.) over the last decade.
In 2016, 1.99 billion sq. ft. of ceramic tile arrived in the U.S., up 5.7% from 2015 (1.88 billion sq. ft.).
Imports in 2016 made up 68.6% of U.S. tile consumption (in sq. ft.), down slightly from 68.7% the previous year.
In 2016 China remained the largest exporter to the U.S. (in sq. ft.) with a 29.4% share of U.S. imports (in sq. ft.), followed by Mexico (23.4%) and Italy (19.4%). Spain and Turkey rounded out the top five with a 9.3% and 5.1% share of imports, respectively.
The five countries from which the most tiles were imported in 2016 based on sq. ft. were:
Italy remained the largest exporter to the U.S. on a dollar basis (including duty, freight, and insurance) in 2016, comprising 35.8% of U.S. imports. China was second with a 24.7% share, and Mexico was third with a 12.6% share.
U.S. ceramic tile exports in 2016 were 36.2 million sq. ft., down 11.1% vs. 2015. The vast majority of these exports (in sq. ft.) were to our North American neighbors, Canada (62.8%) and Mexico (8.1%).This article is quoted form Andrew Whitmire, TCNA.