10/12/2023 0 Comments Cement tiles market valueThe construction and real estate industries` growth and the popularity of cement tiles for flooring and roofing solutions can drive the demand for cement tiles in Indonesia. Additionally, government initiatives such as One Villages One Product (OVOP) scheme which promotes local vendors supplying locally produced products are further projected to bolster the growth of this market during the forecast period. The demand for cement tiles in Indonesia is mainly driven by rising construction activities across the country, particularly in residential sector owing to increasing urbanization rate and growing demand for stylish flooring solutions from consumers. 7% from 2023 to 2029, reaching a value of approximately USD 21. 5 million in 2019 and is expected to grow at a CAGR of 4. The market for cement tiles in Indonesia is estimated to be worth around USD 16. As China price is lower than the average price, it provided a significant edge among other competitor in 2017. The country was offering its product with an average price which is lower than the average market price offered in the country. China, Japan, India, South Korea and Spain were among the top players of the market in 2021, where China acquired the largest market share of 28.38% with a shipment value of 0.9 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 37.1% with the shipment value of 1.4 million USD. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Cement Tiles Market in 2021 was 0.65 while in 2017 it was 0.52. Indonesia has reportedly relied more on domestic production to meet its growing demand in Cement Tiles Market. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. Herfindahl Index measures the competitiveness of exporting countries. In Cement Tiles Market Indonesia is becoming more competitive as the HHI index in 20 while in 2017 it was 2359. Indonesia Cement Tiles Market registered a growth of 50.53% in value shipments in 2021 as compared to 2020 and a decrease of -11.06% CAGR in 2021 over a period of 2017. Indonesia Cement Tiles Market Shipment Analysis
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