Market Trends of China Floor Covering Industry
Ceramic Tiles are The Most Dominant Flooring Category in China
In terms of floor output, China's ceramic floor output is relatively high. The growth in the market for ceramic tiles is linked to the growth of the construction industry. Increasing residential construction is expected to drive demand for indoor and outdoor wall coverings with ceramic tiles. The growth in the population may significantly boost construction needs and, in turn, increase demand for ceramic tiles in the country. A high percentage of low-cost ceramic tile makes up the majority of the Chinese market.
In China, ceramic flooring has the biggest market share among the main types of flooring. In 2021, China made more than eight billion square meters of ceramic tiles, making it the world's largest producer of ceramic tiles.
China is the Leading Exporter in Floor Covering Market
Exports are goods and services that are made in the United States but sold to people in other countries. Companies engage in export activities for several reasons. For example, exports can increase sales and therefore profits if the goods create new markets or expand current ones. It would ultimately provide opportunities for companies to capture a larger market share globally. China was the number 2 economy in the world in terms of GDP (current USD), number 1 in total exports, and number 2 in total imports. China has been not only the world's largest exporter but also the largest trading nation in terms of the sum of its exports and imports.
