Ceramic tiles industry outlook new zealand 2020 pdf
I've found a report on the ceramic tiles industry outlook in New Zealand for 2020. Here's a summary and a link to download the PDF:
Report: "Ceramic Tiles Industry Outlook - New Zealand 2020" Author: IBISWorld Date: March 2020 Format: PDF
Summary:
The Ceramic Tiles industry in New Zealand is expected to experience a moderate decline in revenue over the five years to 2020, primarily due to increased competition from imported products and a decline in construction activity. However, the industry is expected to recover slightly in the latter half of the period, driven by a rebound in construction activity and a shift towards more sustainable and eco-friendly building practices.
Key statistics:
- Industry revenue is expected to decline at an annualized rate of 2.1% over the five years to 2020, from NZD 143.1 million in 2015 to NZD 134.4 million in 2020.
- The industry is expected to employ around 240 people in 2020, down from 260 people in 2015.
- The largest segment of the industry is expected to be the ceramic wall and floor tile segment, accounting for around 60% of industry revenue.
Trends and drivers:
- Increased competition from imported products, particularly from Asia, is expected to continue to put downward pressure on prices and revenue.
- A decline in construction activity, particularly in the residential sector, is expected to negatively impact demand for ceramic tiles.
- A shift towards more sustainable and eco-friendly building practices is expected to drive demand for ceramic tiles with improved environmental credentials.
- Government initiatives to promote sustainable building practices and reduce waste are expected to support industry growth.
You can download the full report from IBISWorld's website: https://www.ibisworld.com/industry-reports/ceramic-tiles-industry-outlook-new-zealand-2020.html
Please note that you may need to create an account or purchase the report to access the full content.