The cost of ceramic tile has risen sharply over the past decade, with the average price for ceramic tile falling by nearly a third since 2000.
But a new study suggests that the ceramic tile market could shrink even further if prices continue to fall.
The study by Bloomberg shows that the average value of a piece of ceramic tiles sold in China rose by about 50 percent in the first six months of this year, compared with the same period a year earlier.
The researchers calculated that if prices are kept at a level where consumers are able to pay for ceramic tiles, the market for the material could shrink by as much as 80 percent.
The research comes as China’s government pushes to crack down on a new wave of online piracy, the first in more than a decade.
On Thursday, the government ordered ISPs to block the websites of several Chinese internet companies that were hosting pirated content and demanded that they pay a fine of as much to the government as they’ve already incurred.