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Gas curbs, energy price surge squeeze tile makers' margins
Mint Bangalore
|March 12, 2026
The Middle East contributes only a modest portion of India's ceramic tile exports, led by demand from the UAE, Iraq, Israel and Kuwait.
Rising tensions between the US and Iran have pushed global energy prices higher, bringing ceramic tile manufacturers under pressure. The industry that relies heavily on fuels such as natural gas and propane to fire kilns at high temperatures during the tile-making process feels the pinch of any spike in these fuel prices, which quickly feed into production costs.
So far in 2026, natural gas and propane prices have risen 8.3% and 18.7%, respectively. Power and fuel accounted for about 16% of Somany Ceramics’ consolidated expenses and 12% of Asian Granito’s in the December quarter. Kajaria and Somany are the biggest players by volume among listed firms.
India’s ceramic tiles market reached 1,255.97 million sq mt (MSM) in 2025 and is projected to grow to 1,676.95 MSM by 2034, says IMARC Group, a global management consulting and market research firm.
Cette histoire est tirée de l'édition March 12, 2026 de Mint Bangalore.
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