China: Linoleum Market 2024

Linoleum Market Size in China

After two years of decline, the Chinese linoleum market increased by 6.7% to $X in 2021. In general, consumption, however, recorded a pronounced descent. Linoleum consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Linoleum Production in China

In value terms, linoleum production rose notably to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 with an increase of 33% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Linoleum Exports

Exports from China

In 2021, the amount of linoleum exported from China dropped dramatically to X square meters, declining by -18.8% compared with 2020. In general, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, linoleum exports declined notably to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 94% against the previous year. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

South Africa (X square meters), the Philippines (X square meters) and Tajikistan (X square meters) were the main destinations of linoleum exports from China, with a combined 82% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +68.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for linoleum exported from China were the Philippines ($X), South Africa ($X) and Tajikistan ($X), with a combined 61% share of total exports.

Among the main countries of destination, the Philippines, with a CAGR of +73.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average linoleum export price amounted to $X per square meter, with a decrease of -20.6% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2020, and then declined significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per square meter), while the average price for exports to South Africa ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Linoleum Imports

Imports into China

In 2021, supplies from abroad of linoleum increased by 2.1% to X square meters for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 164%. Over the period under review, imports hit record highs at X square meters in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, linoleum imports rose sharply to $X in 2021. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 69%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X square meters) constituted the largest supplier of linoleum to China, accounting for a 70% share of total imports. Moreover, linoleum imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X square meters), threefold. The UK (X square meters) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.3% per year) and the UK (+93.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of linoleum to China, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with a 28% share of total imports. It was followed by the UK, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.1% per year) and the UK (+86.1% per year).

Import Prices by Country

The average linoleum import price stood at $X per square meter in 2021, with an increase of 6.8% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, linoleum import price decreased by -4.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 50%. Over the period under review, average import prices reached the peak figure at $X per square meter in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per square meter) and Italy ($X per square meter), while the price for the UK ($X per square meter) and the Netherlands ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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