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

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

The ASEAN market for PVC floor, wall and ceiling coverings stood at $X in 2022, with an increase of 5.5% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.6% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of PVC Floor, Wall and Ceiling Coverings in ASEAN

In value terms, production of PVC floor, wall and ceiling coverings rose slightly to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 36%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports in ASEAN

After four years of growth, shipments abroad of PVC floor, wall and ceiling coverings decreased by -31.9% to X square meters in 2022. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 157% against the previous year. As a result, the exports attained the peak of X square meters, and then declined remarkably in the following year.

In value terms, exports of PVC floor, wall and ceiling coverings declined significantly to $X in 2022. In general, exports, however, showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 251%. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

In 2022, Vietnam (X square meters) represented the major exporter of PVC floor, wall and ceiling coverings, generating 75% of total exports. It was distantly followed by Thailand (X square meters) and Malaysia (X square meters), together making up a 21% share of total exports. Cambodia (X square meters) followed a long way behind the leaders.

Exports from Vietnam increased at an average annual rate of +34.6% from 2012 to 2022. At the same time, Cambodia (+69.5%) and Malaysia (+2.8%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +69.5% from 2012-2022. By contrast, Thailand (-8.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Cambodia increased by +66 and +3.9 percentage points, respectively.

In value terms, Vietnam ($X) remains the largest PVC floor, wall and ceiling coverings supplier in ASEAN, comprising 85% of total exports. The second position in the ranking was taken by Thailand ($X), with a 6.8% share of total exports. It was followed by Cambodia, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled +39.5%. In the other countries, the average annual rates were as follows: Thailand (-9.0% per year) and Cambodia (+83.6% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per square meter, waning by -5.9% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of 37%. As a result, the export price attained the peak level of $X per square meter, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+8.3%), while the other leaders experienced more modest paces of growth.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports in ASEAN

In 2022, the amount of PVC floor, wall and ceiling coverings imported in ASEAN dropped slightly to X square meters, standing approx. at 2021 figures. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by 27%. Over the period under review, imports of attained the maximum at X square meters in 2021, and then shrank modestly in the following year.

In value terms, imports of PVC floor, wall and ceiling coverings rose significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 27%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The purchases of the five major importers of PVC floor, wall and ceiling coverings, namely Indonesia, Thailand, Malaysia, Vietnam and Singapore, represented more than two-thirds of total import. It was distantly followed by the Philippines (X square meters), making up an 8.2% share of total imports. Myanmar (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, together accounting for 63% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +17.7%, saw the highest growth rate of the value of imports, 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 ASEAN stood at $X per square meter in 2022, surging by 8.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per square meter), while the Philippines ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform