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

India Led Ceramic Imports to the U.S. In First Half of 2023

For the first time, India became the largest ceramic tile supplier of the U.S. by units in the time period between January and June, reports Grosser Associates. Read More

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

The Tile Shop Sales Down 8.4% in Q2, Earnings Down 26.5%

The Tile Shop reported net sales of $98.6 million for Q2 2023, an 8.4% decline compared to sales of $1.08 billion for Q2 2022. Sales decreased at comparable stores by 8.0% during the second quarter of 2023 compared to the second quarter of 2022, primarily due to a decrease in traffic, which was partially offset by an increase in average ticket value. Read More

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

Floor & Décor Grew Sales by 4.2% in Q2, Earnings Down 12.7%

For Q2 2023, Floor & Décor reported a net sales increase of 4.2% to $1.14 billion from $1.09 billion in Q2 fiscal 2022. Comparable store sales decreased 6.0 Read More

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

2023 Kitchen & Bath Sales Trends

The sharp decline in the U.S. housing market caught up with kitchen and bath product manufacturers and marketers in the first half of 2023. Dollar manufacturer sales (shipments minus exports plus imports) could have declined by 5.6 percent in the first half. Unit sales declined about 2.0 percent in the first half. Price increases, however, moderated along with inflationary pressures. The dollar sales decline this year compared to a 10.8 percent gain for all of 2022. First half 2023 sales declined along with the drop in new home construction and existing home sales as the Federal Reserve increased interest rates. Rising rates caused housing demand – new and existing – to drop sharper over the past year. Read More

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

Tile Top Performer

According to Catalina Research, total dollar sales for ceramic and porcelain tile in 2022 could have increased by 14.2 percent compared to the previous year. Aside from LVT, tile is the only category to see double digit gains from 2021. Catalina Research estimated that tile accounted for 12.1 percent of all floor covering sales in 2022, earning approximately $4.8 billion in sales. The natural stone category too saw growth this year and earned $2.1 billion in sales, Catalina reported Read More

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

Mohawk's Q2 Sales Down 6.4%, Earnings Down 64%

Mohawk Industries announced Q2 2023 net sales of $2.95 billion, a 6.4% decrease from Q2 2022’s $3.15 billion. Read More

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

2022 marketWise Report

2023 started as simply an extension of 2022. The industry could do no wrong. And then the industry had no answers for fixing how wrong the industry was. For the first time in years, the sales at manufacturing were not the perfect barometer as to how retailers did. Thousands of shipping containers stuck offshore in 2022 were finally delivered just as demand slowed down. Distributors who had been chasing stellar sales with built up inventory suddenly found themselves with way too much inventory for the second half of the year. Read More

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

2023 Floor Coverings Sales Trends

U.S. floor coverings manufacturer sales (shipments minus exports plus imports) declined sharply in the first half of 2023 as final demand dropped and distributors and retailers worked off excess inventories accumulated in the second half of 2022. Manufacturers are also working through supply chain issues which significantly cut into import shipments. In addition, price increases leveled off as demand slumped and material cost pressures subsided. Catalina, however, sees the decline in manufacturer sales bottoming out in the third quarter of 2023 and could begin to recover in the fourth quarter as the inventory liquidation ends. Manufacturer sales could turn up by the fourth quarter as the drop in new home construction levels off, the decline in existing home sales slows, and commercial demand remains strong. Read More

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

Strong Start, Slow Finish - Flooring Covering Statistical Report 2022

In 2022, U.S. floor coverings sales slowed considerably from the sharp gains experienced in 2021, according to Catalina Research. The year started strong since flooring sales were still benefiting from the surge in housing demand in 2021. Floor covering sales growth weakened in the second half as the Federal Reserve sharply increased interest rates to curb inflationary pressures. Rising interest rates caused housing starts and existing home sales — the primary drivers of U.S. floor coverings sales — to decline sharply. At the same time, inflationary pressures and supply chain issues caused flooring prices and installation costs to surge. The rising cost of an installed floor resulted in customer purchases slowing at an even sharper rate than manufacturer sales. Read More

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

Flooring Sales Trends for 2023

Floor Focus’ Survey 2023: What the Retailers Think, in the July 2023 issue of Floor Focus, shows flooring category trends among independent retailers over a five-year period. Read More