Russia a potential market for Ceramic Exporters: TPCI
NEW DELHI : Trade Promotion Council of India (TPCI) organised the India-Russia Ceramic Buyers Sellers Meet (BSM) in collaboration with the Embassy of India in Moscow. This was the first visit of ceramic and tiles exporters to Russia post the pandemic.
In a statement TPCI said, “The burgeoning ceramic market of Russia is a big opportunity for Indian exporters to capitalize trade.”
The BSM was inaugurated by Gina Uika, Deputy Chief of Mission, Embassy of India in Moscow. Also present during the inauguration were Asim Vohra, First Secretary, Embassy of India, Moscow; Naveen Chaudhary, Second Secretary, EoI Moscow and Faraz Khan, Assistant Director, Trade Promotion Council of India.
Speaking at the inauguration Gina Uika, said ”Russia is a growing market for ceramics which Indian tiles manufactures can easily leverage. Russia imports a substantial quantity of ceramics products from the overseas market, which Indian exporters should see as a strong potential market. With Make in India and Atmamnirbhar Bharat policy, India can very well increase its footprint in this sector”.
Thirty prominent Ceramics and Tiles Exporters companies with 40 member delegation from India. More than 50 buyers visited the show and engaged with participants during the BSM.
Few of the prominent buyers which visited the BSM included; Kerasol LLC, Rusplitka, Mosplitka, Galion Trade House, DonCream, Neva Tradeing, StoryGranit, EuroInterior, BaltikHouse, Nanaosan, etc.
In terms of value, India’s total exports of ceramic stood at US$ 1.9 billion in 2020. During 2016-20, India’s ceramic exports have grown at a Compounded Annual Growth Rate (CAGR) of 17.5%. Russia is the world’s 12th largest importer of ceramic products, with its import demand increasing at a CAGR of 7.5% during 2016-20.
Russia’s total import of ceramics from the world in 2020 stood at US$ 932 million. Furthermore, India’s supply to this market has increased from US$ 10.7 million in 2016 to US$ 32.9 million in 2020.
A report by the Directorate General of Commercial Intelligence and Statistics (DGCI&S) has identified ceramic products as a highly potential sector to boost India’s exports to Russia. In 2020, India was the 5th largest exporter of Ceramic products, accounting for 3.5% of world exports.
