Asia: Linoleum Manufacturing Machine Market 2024

Linoleum Manufacturing Machine Market Size in Asia

The Asian linoleum manufacturing machine market soared to $X in 2022, increasing by 56% against the previous year. In general, consumption enjoyed a resilient expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Linoleum Manufacturing Machine Production in Asia

In value terms, linoleum manufacturing machine production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a strong expansion. The growth pace was the most rapid in 2014 when the production volume increased by 28% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Linoleum Manufacturing Machine Exports

Exports in Asia

In 2022, shipments abroad of machines used in the manufacture of linoleum or other floor coverings decreased by -2.3% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2020 when exports increased by 67% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then shrank slightly in the following year.

In value terms, linoleum manufacturing machine exports declined to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, China (X units) was the key exporter of machines used in the manufacture of linoleum or other floor coverings, creating 55% of total exports. South Korea (X units) took the second position in the ranking, followed by Taiwan (Chinese) (X units) and Turkey (X units). All these countries together took approx. 39% share of total exports. Hong Kong SAR (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machines used in the manufacture of linoleum or other floor coverings exports, with a CAGR of +22.1% from 2012 to 2022. At the same time, South Korea (+7.3%), Turkey (+2.6%) and Hong Kong SAR (+1.6%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-4.1%) illustrated a downward trend over the same period. China (+40 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR, Turkey and Taiwan (Chinese) saw its share reduced by -2.1%, -3.5% and -28.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest linoleum manufacturing machine supplier in Asia, comprising 46% of total exports. The second position in the ranking was held by South Korea ($X), with a 19% share of total exports. It was followed by Taiwan (Chinese), with a 13% share.

In China, linoleum manufacturing machine exports expanded at an average annual rate of +12.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+0.3% per year) and Taiwan (Chinese) (-0.7% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, shrinking by -7.2% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the export price increased by 38% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.0%), while the other leaders experienced more modest paces of growth.

Linoleum Manufacturing Machine Imports

Imports in Asia

In 2022, imports of machines used in the manufacture of linoleum or other floor coverings in Asia declined to X units, reducing by -4.8% against the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 25%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, linoleum manufacturing machine imports fell to $X in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X units), Bangladesh (X units), Turkey (X units), India (X units), China (X units) and Indonesia (X units) represented the major importer of machines used in the manufacture of linoleum or other floor coverings in Asia, creating 70% of total import. Saudi Arabia (X units), Pakistan (X units), Uzbekistan (X units), Iran (X units), Hong Kong SAR (X units), Thailand (X units) and Taiwan (Chinese) (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +17.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest linoleum manufacturing machine importing markets in Asia were China ($X), Bangladesh ($X) and India ($X), together comprising 46% of total imports. Turkey, Vietnam, Pakistan, Indonesia, Uzbekistan, Hong Kong SAR, Taiwan (Chinese), Iran, Thailand and Saudi Arabia lagged somewhat behind, together accounting for a further 43%.

Vietnam, with a CAGR of +12.4%, saw the highest growth rate of the value of imports, in terms of 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 unit in 2022, declining by -1.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 20%. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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