In the coming years, when the situation of the Covid-19 epidemic is well controlled, economic activity recovers, commercial buildings, resort areas and houses return to strong activities, boosting the demand for consumer goods. construction ceramic products increased sharply.
According to research from Technavio, the market size of construction ceramics is expected to reach 64.52 billion USD, with an average growth rate of 5.72% in the period 2021 - 2025. Demand for ceramic products is increasing day by day. increased due to the increase in residential projects and buildings. Increasing disposable income causing consumers to increase spending on ceramic products is one of the main factors that will increase the demand for construction ceramics in the near future. In the coming years, when the Covid-19 epidemic situation is well controlled, economic activities will recover, commercial buildings, resort areas and houses will be active again, boosting the demand for consumer goods. construction ceramic products increased sharply. Import demand for construction ceramics in the world market has grown positively in the past 5 years, thanks to strong activity in the real estate and construction markets in the main import markets.
In particular, in 2020, global imports of this item decreased by 4.9% compared to 2019, reaching 36.3 billion USD, due to the impact of the Covid-19 epidemic, production and export activities were interrupted. in the consumer market and the supply market. In 2019, the world economic situation slowed down. Trade tensions between the US and China and geopolitical issues have significantly increased the instability of the global trading system. The slowdown in the real estate and construction markets is also the main reason why import demand for construction ceramics has decreased in 2019.
In the structure of the import market for construction ceramics, the EU is the largest import market in the world in the period 2016-2020, with an average growth rate of 14.1%/year. The proportion of imported construction ceramics has increased gradually over the years, accounting for 27.3% in 2016, by 2020, accounting for 29% of the total import value of construction ceramics globally. However, the EU was also greatly affected by the Covid-19 pandemic, so the import demand for this item in 2020 reached 10.5 billion USD, down 0.9% compared to 2019.
In the EU, import demand from markets is uneven, while Germany, France, and Belgium reduce imports of construction ceramics in 2020, while Poland and the Netherlands increase imports of this item sharply. Followed by the US, UK, Korea, China... In the global structure of import markets for construction ceramics, markets with strong activities in the construction sector have increased their imports strongly. ceramics in the period 2016 - 2020 such as: China, Saudi Arabia, Saudi Arabia and Russia.
According to statistics from the International Trade Center (ITC), in the 2016-2020 period, the EU is an export market for construction ceramics. largest construction site in the world, with an average growth rate of 4.0%/year. Export value in 2020 reached 16.7 billion USD, down 2.4% compared to 2019.
Chairman of Long Phuong Group Joint Stock Company, with more than 20 years of construction and development, the Long Phuong brand has increasingly affirmed its leading position in the Vietnamese market. In recent years, in addition to selling household porcelain, he has also expanded his activities in many fields such as real estate, clean water production, and financial investment.