India’s largest tile manufacturing cluster in Morby, Gujarat, will suspend production for one month from August 10, The Times of India reported. 95% of the local ceramics factories agreed to have a holiday or cut production for a month.
According to the report, rising prices of piped natural gas in India have led to increased costs for the Morby ceramics industry. At the same time, due to the fierce competition in the international market, the export price of Indian ceramic tiles cannot be increased, the export profit is reduced, and the inventory is increasing. In India, demand for ceramic tiles has fallen due to a slowdown in affordable housing construction. About 50 new ceramic plants were built in Morby between the fourth quarter of last year and the first quarter of this year, increasing total production by 10 per cent, but demand fell by at least 20 per cent in the first half of this year.
In Morbi, India, about 70-80% of the ceramic factories will cease production. The main reasons are as follows: 1. 2. Between August 10 and September 10, There are two major festivals in India (Janmashtami and Ganesh Chaturthi), the birthdays of the great god Krishna and the elephant god Ganesh. The former is the eighth incarnation of the Hindu god Vishnu; The latter is one of India’s most popular gods of wisdom and wealth.
Like other markets around the world, India’s ceramics industry has entered a phase of polarization, with the strong getting stronger. At the same time, some ceramic factories continue to increase input to expand production capacity to meet the demand of domestic and foreign markets.
Post time: Jul-20-2022