Asia: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Asia

The Asian market for PVC floor, wall and ceiling coverings rose rapidly to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of PVC Floor, Wall and Ceiling Coverings in Asia

In value terms, production of PVC floor, wall and ceiling coverings reached $X in 2023 estimated in export price. Over the period under review, production recorded a strong expansion. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports in Asia

In 2023, approx. X square meters of PVC floor, wall and ceiling coverings were exported in Asia; reducing by X% against the previous year. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports of hit record highs at X square meters in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of PVC floor, wall and ceiling coverings dropped to $X in 2023. Over the period under review, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted in the following year.

Exports by Country

In 2023, China (X square meters) was the largest exporter of PVC floor, wall and ceiling coverings, making up X% of total exports. It was distantly followed by South Korea (X square meters) and Vietnam (X square meters), together making up a X% share of total exports. The following exporters - India (X square meters), Taiwan (Chinese) (X square meters) and Turkey (X square meters) - each reached a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to PVC floor, wall and ceiling coverings exports from China stood at X%. At the same time, Vietnam (X%), Turkey (X%), India (X%), Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Vietnam, South Korea and India increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest PVC floor, wall and ceiling coverings supplier in Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

In China, exports of PVC floor, wall and ceiling coverings increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per square meter, reducing by X% against the previous year. In general, the export price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per square meter), while India ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports in Asia

For the third year in a row, Asia recorded growth in overseas purchases of PVC floor, wall and ceiling coverings, which increased by X% to X square meters in 2023. Total imports indicated measured growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, imports of PVC floor, wall and ceiling coverings declined slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports of reached the peak figure at $X in 2022, and then shrank slightly in the following year.

Imports by Country

In 2023, Indonesia (X square meters), Malaysia (X square meters), Taiwan (Chinese) (X square meters), Singapore (X square meters), the United Arab Emirates (X square meters), Iraq (X square meters), Japan (X square meters), the Philippines (X square meters), Turkey (X square meters), South Korea (X square meters), India (X square meters) and Kazakhstan (X square meters) was the major importer of PVC floor, wall and ceiling coverings in Asia, making up X% of total import. Democratic People's Republic of Korea (X square meters) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Indonesia ($X) and Japan ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. The United Arab Emirates, Malaysia, Taiwan (Chinese), Singapore, Iraq, South Korea, India, Kazakhstan, the Philippines and Democratic People's Republic of Korea lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per square meter in 2023, with a decrease of X% against the previous year. In general, the import price showed a slight decrease. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per square meter. From 2014 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per square meter), while the Philippines ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform