Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

Future Forecast

Carpet tile is a growing segment for the soft surface flooring market, according to Catalina Research in its Floor Coverings Industry Quarterly Update released in March. Catalina estimated that carpet tile sales could have increased by 8.5 percent in dollars and 5.9 percent in square feet in 2023. “The sales increase reflects relatively strong nonresidential building construction spending since carpet tiles are generally used in commercial applications. Carpet tile sales are expected to continue to increase during 2024 since nonresidential building construction spending remains strong in early 2024,” reported Catalina. Read More

Ceramic Tile Statistics Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

On Friday, April 19, the week before Coverings, the Tile Council of North America (TCNA) reported that U.S. ceramic tile manufacturers, representing over 90% of all U.S. ceramic tile manufacturing, had filed anti-dumping and countervailing duty petitions with the federal government. Read More

Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

Lowe's Q1 Sales Down 4% YOY, Earnings Decline 22%

Lowe’s reported total sales for Q1 were $21.4 billion, a decline of 4% compared to $22.3 billion in the prior-year quarter. Comparable store sales for the quarter decreased 4.1% as the decline in DIY big ticket discretionary spending was partially offset by positive comparable sales in Pro and online. Read More

Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Stone Statistics

Good News for U.S. Hard-Surface Imports in March

U.S. hard-surface imports of $364.2 million in March offered a double-dose of good news, with an increase of 8% from February and a 2.1% lift from March 2023. Read More

Ceramic Tile Statistics Competitive Intelligence Competitive Intelligence Floor Covering Products Industry Statistics Product Research Info Published Articles

TILE OF SPAIN COMPANIES PRESENT AN ALL-ENCOMPASSING DISPLAY OF INNOVATIONS AT COVERINGS 2024 

More than 50 ceramic companies from the Spanish delegation showcased their latest collections and cutting-edge products at Coverings 2024, North America’s premier international tile and stone exhibition and conference. Held at the Georgia World Congress Center in Atlanta, GA from April 22 – 25, 2024, this year’s fair emphasized Spain’s position at the forefront of innovation in the industry. Here is a highlight of key trends from Spain that underscore the macro-diversity of new and emerging ceramics. Read More

Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

LL Flooring's Net Sales Down 21.7% in Q1, Net Loss of $29 Million

LL Flooring reported net sales of $188.5 million for Q1 2024, a decline of 21.7% compared to Q1 2023’s $240.7 million. Total comparable store sales decreased 21.5% versus the same period last year. The net loss for Q1 2024 was $29 million, compared to a loss of $10.6 million in the prior year period. Read More

Ceramic Tile Statistics Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

Floor & Décor Q1 Sales Down 2.2%, Income Down 30%

Floor & Décor reported net sales of $1,097.3 million for Q1 2024, a decline of 2.2% from $1,122.1 million in Q1 2023. Comparable store sales decreased 11.6%. Read More

Ceramic Tile Statistics Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

US ceramic tile manufacturers petition anti-dumping and countervailing duties on Indian Imports

As TCNA Tile Council of North America communicated, “the 9 U.S. ceramic tile manufacturers which form the Coalition for Fair Trade in Ceramic Tile (representing 90% of US tile production), have filed 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