HomeNewsExports of ceramics and glassware products touch USD 3.5 bn in FY22

Exports of ceramics and glassware products touch USD 3.5 bn in FY22

Exports of ceramics and glassware products touched a record USD 3.5 billion in 2021-22, the commerce ministry said on Sunday. It said the exports rose because of increase in shipments of ceramic tiles and sanitaryware products.

India is the world’s second largest manufacturer of tiles. The main items for export under glassware include articles of glass packing, sanitary fixtures of porcelain, glass mirror, tinted non-wired glass, glass bead and glass wool.

India exports to more than 125 countries and top destinations are Saudi Arabia, the United States, Mexico, Kuwait, the United Arab Emirates, Iraq, Oman, Indonesia, the United Kingdom and Poland.

“Over the years, the industry has been modernizing through new innovations and product profile, quality and design to emerge as a modern world class industry ready to take on global competition,” the ministry said.

It should be noted that the Morbi ceramic industry, world’s second largest cluster, has a Rs 40000 crore turnover, of which 60% is domestic and 40% comes from exports to 130 countries. Turnover has decreased in both exports and domestic market in last few months due to logistics problems and cost inflation. In the last six months, non-availability of containers and higher freight cost (US$ 10k-12k per container from US$ 7k-8k) have led to a 25% decline in exports. Freight cost has reduced a bit to US$ 9-10k in April but container shortage remains a challenge. Additionally, the rising gas cost has intensified cost inflation, forcing a quarter of the Morbi plants into temporary shutdowns.

Subscribe to our newsletter

To be updated with all the latest news from Sawdust

reports

moves

tenders

latest news