2Q 2014 Ceramic Tile Industry Update

U.S. Tile Consumption Overview

U.S. ceramic tile consumption through 2Q 2014 was 1.21 billion sq. ft. (-1.1% vs. 2Q 2013 YTD). If the trend continues for the remainder of the year, this would be the first year-over-year decline in consumption since 2009.

The following table shows U.S. tile shipments, imports, exports, and total consumption in thousands of sq. ft. 

2Q-2014-Table1

*Note: U.S. Shipments + Imports – Exports 
**Note: % change vs. 2Q 2013 YTD 

Imports

Through 2Q 2014, 826.3 million sq. ft. of ceramic tile arrived in the U.S. This was a 1.3% decrease from 2Q 2013 YTD, in which 837.3 million sq. ft. of ceramic tile were imported into the U.S., but a 13.3% increase from 2Q 2012 YTD.

Import penetration through 2Q 2014 was 68.4%, down from 69.6% in 2013.

Through 2Q 2014 Mexico was the top exporter to the U.S. in sq. ft. with a 31.2% share of U.S. imports (in sq. ft.). China was in second place, making up 28.9% of imports, followed by Italy with a 17.6% share. 

On a dollar basis Italy remained the top exporter to the U.S. (2Q 2014 YTD), comprising 34.6% of U.S. imports. China was second with a 25.4% share, and Mexico was third with a 17.4% share.

The $ value/sq. ft. of all tile imports rose from $0.99 (2Q 2013 YTD) to $1.05 for 2Q 2014 YTD.

The top five countries from which tiles were imported through 2Q 2014 based on sq. ft. were: 

 2Q-2014-Table2.0

 2Q-2014-Chart

 

The top five countries from which tiles were imported through 2Q 2014 based on total U.S. $ value (including duty, freight, and insurance) were: 

2Q-2014-Table3.0

 

The average values of tile from the top five countries (based on sq. ft.) from which tiles were imported through 2Q 2014 were:

2Q-2014-Table4

 

U.S. Shipments

2Q 2014 YTD U.S. shipments (less exports) were at 382.4 million sq. ft., down 0.7% from 2Q 2013 YTD.

Exports

U.S. exports through 2Q 2014 were at 17.5 million sq. ft., down 19.1% vs. 2Q 2013 YTD. The vast majority of these exports (in sq. ft.) were to Canada (60.0%) and Mexico (19.0%).

(Sources: TCNA and U.S. Commerce Dept.)

 

Economic highlights

  • Sept. 2014 new single family home starts were up 17.8% from Sept. 2013 to an annualized rate of 1,017,000 units/yr.1

  • Sept. 2014 new home sales were up 17.0% from Sept. 2013 to an annualized rate of 467,000 units/yr.2

  • Existing home sales as of Sept. 2014 were at an annual rate of 4.56 million units, down 1.9% from Sept. 2013.3

  • There were 107,000 foreclosure filings on U.S. properties in Sept. 2014, down 18.6% vs. Sept. 2013, and the lowest monthly total since July 2006.4

  • The 30-year fixed mortgage rate in Sept. 2014 was 4.16%, down from 4.49% in Sept. 2013.5

  • The U.S. unemployment rate was 5.9% in Sept. 2014, down from 7.2% one year ago (Sept. 2013).6

  • Sept. 2014 total U.S. construction spending (includes both private and public residential and non-residential construction) was at a seasonally-adjusted annual rate of $951 billion, a 2.9% increase from Sept. 2013.7

  • The government’s preliminary 3Q 2014 estimate of the change in real GDP was 3.5%.  This was a decrease of 1.1 percentage points from the change seen in 2Q 2014.8

    2Q-2014Chart3

    2Q-2014Chart2


Notes

  1. U.S. Census Bureau
  2. U.S. Census Bureau
  3. National Association of Realtors
  4. RealtyTrac
  5. Freddie Mac
  6. Bureau of Labor Statistics
  7. U.S. Census Bureau
  8. Bureau of Economic Analysis

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Click here for a printable PDF version of this report.

More TCNA News

2013 Ceramic Tile Industry Update

2013 Ceramic Tile Industry Update

Bolstered by the improving construction and housing markets, the U.S. economy and ceramic tile industry continued to expand in 2013.

In the residential market new home starts increased for the fourth straight year and were at their highest annual level since 2007. The 925,000 units started in 2013 represented an 18.5% increase from the previous year.1

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