- TPCI said “Russia is a growing market for ceramics, and domestic exporters should exploit this opportunity to push their shipments and increase the share in the global trade.
- Russia is the world’s 12th largest importer of ceramic products, with its import demand increasing at a CAGR (Compounded Annual Growth Rate) of 7.5 percent during 2016-20, the council said in a statement.
- It added that Russia’s total import of ceramics from the world in 2020 stood at USD 932 million and India’s supply to this market has increased from USD 10.7 million in 2016 to USD 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 fifth largest exporter of ceramic products, accounting for 3.5 percent of world exports,” it added.
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