The COVID-19 pandemic had a colossal impact on almost everything, from the wholesale market to the retail market and much more. The global price for almost everything has increased, from staple food to raw materials for construction. And the tile is no different. The inflation of tiles has become a serious problem for tile sellers like Belktile, and the tile buyers both.
Mike Belk, the owner of Belktile, said, “The primary reason behind the rising price of kitchen backsplash tiles and other types of tiles is the disrupted supply of raw products from China, which is the foremost supplier of construction products to the US, because of the lockdowns. It has negatively impacted the supply chain and has become a pain for tile sellers like us who are bound to increase our selling price because of the overall rise in price.” Moreover, the tile industry in the US is witnessing a remarkable rise in the price of tiles because of a couple of biggest challenges like shutting down of construction sites and shortage of labor due to the COVID-19 pandemic.
The analysts of Transparency Market Research said, “The global tiles market is projected to exceed the valuation of US$ 180 Bn by 2027”.
For someone looking to purchase kitchen backsplash tiles or bathroom tiles now, they should be mentally ready to pay a bit more than usual.
Belktile, has surveyed that the rising popularity of tiles among the US people in the last couple of years is also another critical reason why the price of tiles has skyrocketed in the recent past, and it will continue to be the same in 2022.
The innovative visuals and formats of different types of tiles have made them one of the people’s favorite construction materials in the US in 2022. 78.9% of house owners prefer tiles when remodeling or constructing their houses. This high demand for tiles has opened a new world of opportunity for the tile industry. And with so much popularity around, it is expected that the tile price will rise in the coming time.
As Belktile deals with tiles, their primary job is to analyze the tile market extensively. And it revealed that just like the demand for hardwood, tile is significantly going up the walls in the US as the biggest style statement. The large-format panel products are there everywhere. They are used as cladding in the outdoors, countertops in the kitchen and bathrooms, skin on existing floorcoverings, and even on walls.
This kind of high popularity, along with other pandemic driven reasons discussed above, has increased the price of large format panel tiles by 22.3%.
Wrapping things up, the tile price in the US is on a continuous rise in the year 2022. Until the effects of the COVID-19 pandemic neutralize and the demand-supply ratio of tiles becomes stable, we will continue to see this increase in the price of tiles.
About Belktile
Belktile is one of America’s leading tile providers, which has a wide range of striking bathroom and kitchen tiles. Belktile doesn’t only sell tiles but also provides you with the best online and phone support for all your tile needs. The store has a knowledgeable staff to help you select the best and most unique tiles every time you visit. With Belktile, you can transform your kitchen or bathroom amazingly or remodel your house in the best possible way.
Media Contact:
Business Name: BELK Tile, LLC
Person in charge: Mike Belk
Phoen Number: 614-5
Powered by KISS PR Brand Story Press Release Distribution - Hosted by Qamar Zaman