2016 U.S. Ceramic Tile Industry Update (Jan.-Mar.)
22 Dec 2016/CTW
The U.S. ceramic tile market is off to a strong start this year, as consumption through Q1 was 683 million sq.ft, up 9.3% vs. Q1 2015(625 million sq. ft.).
The following table shows U.S. tile shipment, imports, exports, and total consumption in thousands of sq.ft.
Through Q1 2016, 464.8 million sq.ft. of ceramic tile arrived in the U.S., up 9.8% from Q1 2015 (423.4 million sq.ft.).
Imports in Q1 2016 made up 68.0% of U.S. tile consumption (in sq.ft.), down from 68.7% in the previous year.
Through Q1 2016 China was the largest exporter to the U.S. with a 30.1% share of U.S. imports (in sq.ft.). Mexico was in second place, making up 26.2% of imports, followed by Italy with a 17.3% share. Spain and Turkey rounded out the top five with 8.3% and 4.4% shares of imports, respectively.
The five countries from which the most tiles were imported in Q1 2016 based on sq.ft. were:
Italy remained the largest exporter to the U.S. on a dollar basis (Q1 2016), comprising 32.5% of U.S. imports. China was second with a 26.7% share, and Mexico was third with a 14.5% share.
The five countries from which the most tiles were imported in Q1 2016 based on total U.S.$ value(including duty, freight, and insurance) were:
The average values of tile(including duty, freight, and insurance) from the five countries (based on sq.ft.) from which the most tiles were imported in Q1 2016 were:
(The average value is significantly affected by the mix of tiles imported, with different types of tiles impacting the average value, in addition to differences in pricing for the same types of tile.)
U.S. shipments(less exports) in Q1 2016 rose 8.4% in sq.ft. and 9.3% in $ value vs. Q1 2015.
The $value/sq.ft. of U.S. shipments (less exports) in Q1 2016 was $1.48, up from $1.46 in Q1 2015.
U.S. produced tile comprised 32.0% of the U.S. ceramic tile market(in sq.ft.) and 39.9% by $value, by far the largest in both categories.
U.S. ceramic tile exports in Q1 2016 were 8.8 million sq.ft., down 14.6% from Q1 2015. The vast majority of these exports (in sq.ft.) were to Canada (74.7%) and Mexico(9.6%).
Economic Highlights 经济数据：
1.The government's revised Q1 2016 estimate of the change in real GDP was 1.1%, a decrease of 0.3% from the change seen in Q4 2015.(REF:Bureau of Economic Analysis)
2.May 2016 new home starts were at a seasonally-adjusted annual rate of 1,164,000 units, a 9.5% increase from May 2015.(REF:U.S. Census Bureau)
3.May 2016 new one-family home sales were at seasonally-adjusted annual rate of 551,000 units, an 8.7% increase from May 2015.(REF:U.S. Census Bureau)
4.May 2016 existing single family home sales were at seasonally-adjusted annual rate of 4.90 million units, up 4.7% from May 2015.(REF:National Association of Realtors)
5.There were 101,000 foreclosure filings on U.S. properties in May 2016, down 20.5% from May 2015.(REF:RealtyTrac)
6.The 30-year fixed mortgage rate in May 2016 was 3.60%, down from 3.84% in May 2015.(REF:Freddie Mac)
7.The U.S. unemployment rate was 4.7% in May 2016, down from 5.5% one year ago.(REF:Bureau of Labor Statistics)
* sourced from Tile Council of North America, Inc.
(内容转自北美瓷砖协会2016年报告)
This is the 302th issue.
Editor: Amie
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