Asia-Pacific: Linoleum Market 2024

Linoleum Market Size in Asia-Pacific

After six years of decline, the Asia-Pacific linoleum market increased by 4.3% to $X in 2021. Over the period under review, consumption, however, showed a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Linoleum Production in Asia-Pacific

In value terms, linoleum production rose to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 7.5% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Linoleum Exports

Exports in Asia-Pacific

In 2021, approx. X square meters of linoleum were exported in Asia-Pacific; with a decrease of -19.7% on 2020 figures. Overall, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 60%. The volume of export peaked at X square meters in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, linoleum exports shrank remarkably to $X in 2021. In general, exports saw a slight descent. The pace of growth was the most pronounced in 2020 with an increase of 82% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

The shipments of the one major exporters of linoleum, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the linoleum exports, with a CAGR of -3.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest linoleum supplier in Asia-Pacific.

In China, linoleum exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Asia-Pacific stood at $X per square meter in 2021, waning by -19.3% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the export price increased by 34%. The level of export peaked at $X per square meter in 2020, and then fell sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.8% per year.

Linoleum Imports

Imports in Asia-Pacific

Linoleum imports soared to X square meters in 2021, growing by 18% compared with 2020. Overall, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 93%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, linoleum imports expanded rapidly to $X in 2021. Total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.4% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 29%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The Philippines represented the largest importing country with an import of around X square meters, which resulted at 63% of total imports. It was distantly followed by Myanmar (X square meters), achieving a 23% share of total imports. Thailand (X square meters), China (X square meters), Japan (X square meters), South Korea (X square meters) and Australia (X square meters) followed a long way behind the leaders.

Imports into the Philippines increased at an average annual rate of +32.8% from 2012 to 2021. At the same time, Myanmar (+151.6%), Thailand (+47.2%), South Korea (+4.5%) and Japan (+3.7%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +151.6% from 2012-2021. By contrast, Australia (-6.2%) and China (-8.5%) illustrated a downward trend over the same period. The Philippines (+41 p.p.), Myanmar (+23 p.p.) and Thailand (+3 p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Japan, Australia and China saw its share reduced by -4.1%, -5.2%, -10.9% and -26.7% from 2012 to 2021, respectively.

In value terms, the Philippines ($X) constitutes the largest market for imported linoleum in Asia-Pacific, comprising 41% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Japan, with a 10% share.

In the Philippines, linoleum imports increased at an average annual rate of +49.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-7.2% per year) and Japan (+1.7% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per square meter, shrinking by -2.9% against the previous year. Over the period under review, the import price faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 29% against the previous year. Over the period under review, import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per square meter), while Myanmar ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+12.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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