Articles
U.S. Ceramic Consumption Declined 7.3% in 2023
U.S. ceramic tile consumption in 2023 was 2.85 billion square feet, down 7.3% from the previous year, according to the Tile Council of North America. Revenue in dollars declined 8.1%. Read More
Domestic Ceramic Tile Manufacturers Seek Tariffs on Dumped & Subsidized Indian Imports
Today, U.S. ceramic tile manufacturers, representing over 90% of all U.S. ceramic tile manufacturing are filing anti-dumping and countervailing duty petitions with the federal government seeking the imposition of substantial tariffs on imports of ceramic tile from India to remedy unfairly low-priced imports that have injured domestic manufacturers and flooded the market with uncertified porcelain tiles. Read More
Ceramic Imports Declined 14.7% in First Two Months of 2024
In the first two months of 2024, total U.S. imports of ceramic tile were 26.3 million square meters, a decline of 14.7% from the same period in 2023 when imports were 30.9 million square meters, according to Grosser Consulting. Read More
2023 U.S. CERAMIC TILE MARKET UPDATE
The U.S. ceramic tile market contracted for the second straight year in 2023, as the U.S. housing market with which it is closely linked continued to struggle due to high mortgage rates, inflation, and labor shortages. Read More
Tile Shop Sales Down 3.4% in Q4, Income Down 58%
The Tile Shop reported net sales for Q4 2023 were $84.5 million, a decrease of 3.4% compared to Q4 2022’s $87.5 million. Read More
LL Flooring Sales Declined 19.7% in Q4 2023 on Loss of $17.5 Million
LL Flooring reported Q4 2023 net sales declined 19.7% to $211.8 million compared to sales of $263.9 million in Q4 2022, driven by a decrease in transaction count and average transaction size reflecting lower spend by consumers and pros. Read More
Flooring Recovery Depends on Interest Rates
Floor covering demand is highly correlated with interest rate cycles. Interest rate movements affect housing demand, non-residential building construction spending and transportation equipment shipments. Any interest rate decline stimulates flooring sales to households, businesses, builders and transportation equipment manufacturers. Read More
Floor & Decor Sales Flat in Q4, Income Down 46%
Floor & Décor announced net sales of $1 billion, flat with Q4 2022. Comparable store sales decreased 9.4%. Read More
Mohawk Sales Declined 1.4% in Q4 2023, Earnings Positive
Mohawk net sales for Q4 2023 were $2.6 billion, a decrease of 1.4% compared to net sales of $2.7 billion in the same period last year. Q4 2023 net earnings were $139 million, an increase of 421% compared to net earnings of $33 million in Q4 2022. Read More
Freight Costs from China to Europe Rise Due to Red Sea Turmoil
Freight rates for containers from China to Europe are up thee times due to turmoil in the Red Sea, reports Container xChange. Read More