China: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2025

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in China

After two years of decline, the Chinese market for floor, wall or ceiling coverings of plastics increased by 323% to $X in 2022. Over the period under review, consumption, however, showed a mild curtailment. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in China

In value terms, production of floor, wall or ceiling coverings of plastics amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The growth pace was the most rapid in 2018 with an increase of 23% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from China

After five years of growth, overseas shipments of floor, wall or ceiling coverings of plastics decreased by -11.5% to X square meters in 2022. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 142% against the previous year. Over the period under review, the exports of hit record highs at X square meters in 2021, and then shrank in the following year.

In value terms, exports of floor, wall or ceiling coverings of plastics reduced to $X in 2022. In general, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 29% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The United States (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from China, accounting for a 45% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to the United States exceeded the volume sent to the second major destination, Canada (X square meters), sevenfold. Germany (X square meters) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+22.4% per year) and Germany (+20.5% per year).

In value terms, the United States ($X) remains the key foreign market for floor, wall or ceiling coverings of plastics exports from China, comprising 41% of total exports. The second position in the ranking was held by Canada ($X), with a 5.5% share of total exports. It was followed by Australia, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+18.8% per year) and Australia (+23.5% per year).

Export Prices by Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, increasing by 6.6% against the previous year. Overall, the export price, however, saw a mild shrinkage. The growth pace was the most rapid in 2016 an increase of 71% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per square meter), while the average price for exports to France ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+6.3%), while the prices for the other major destinations experienced a decline.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into China

For the sixth consecutive year, China recorded decline in overseas purchases of floor, wall or ceiling coverings of plastics, which decreased by -15.9% to X square meters in 2022. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 11%. Over the period under review, imports of reached the peak figure at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of floor, wall or ceiling coverings of plastics reduced to $X in 2022. Overall, imports showed a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 3.4% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X square meters) constituted the largest supplier of plastic floor, wall and ceiling coverings to China, with a 46% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X square meters), sevenfold. The third position in this ranking was taken by France (X square meters), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.2% per year) and France (-1.0% per year).

In value terms, South Korea ($X), the United States ($X) and France ($X) were the largest plastic floor, wall and ceiling coverings suppliers to China, with a combined 56% share of total imports. Japan, Germany, Sweden, the UK, Switzerland, the Netherlands and Vietnam lagged somewhat behind, together comprising a further 33%.

Vietnam, with a CAGR of +227.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, rising by 5.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2017 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Vietnam ($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 the UK (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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