China: Wallpaper Market 2024

Wallpaper Market Size in China

For the third consecutive year, the Chinese wallpaper market recorded decline in sales value, which decreased by -10.1% to $X in 2021. Overall, consumption showed a relatively flat trend pattern. Wallpaper consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Wallpaper Production in China

In value terms, wallpaper production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 37%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Wallpaper Exports

Exports from China

Wallpaper exports from China surged to X tons in 2021, growing by 18% against 2020 figures. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 52%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wallpaper exports surged to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +10.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +90.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 74%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and Iran (X tons) were the main destinations of wallpaper exports from China, together accounting for 34% of total exports. India, the United Arab Emirates, the Philippines, Uzbekistan, Malaysia, Nigeria, Iraq, Saudi Arabia, Thailand and Russia lagged somewhat behind, together accounting for a further 38%.

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 +51.0%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for wallpaper and wall coverings exports from China, comprising 19% of total exports. The second position in the ranking was held by Indonesia ($X), with a 7.7% share of total exports. It was followed by the Philippines, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam amounted to +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+16.0% per year) and the Philippines (+50.2% per year).

Export Prices by Country

The average wallpaper export price stood at $X per ton in 2021, with an increase of 9.1% against the previous year. In general, the export price, however, showed a slight descent. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wallpaper Imports

Imports into China

In 2021, purchases abroad of wallpaper and wall coverings was finally on the rise to reach X tons after four years of decline. Overall, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 10%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wallpaper imports reached $X in 2021. Over the period under review, imports, however, recorded a abrupt contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of wallpaper imports to China, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of -2.0%), while imports for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of wallpaper and wall coverings to China, comprising 37% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-18.3% per year) and South Korea (-22.2% per year).

Import Prices by Country

In 2021, the average wallpaper import price amounted to $X per ton, falling by -8.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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