Eastern Asia: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Eastern Asia

In 2022, the East Asian market for PVC floor, wall and ceiling coverings was finally on the rise to reach $X after two years of decline. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.4% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of PVC Floor, Wall and Ceiling Coverings in Eastern Asia

In value terms, production of PVC floor, wall and ceiling coverings expanded modestly to $X in 2022 estimated in export price. In general, production showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports in Eastern Asia

After ten years of growth, overseas shipments of PVC floor, wall and ceiling coverings decreased by -11.2% to X square meters in 2022. Overall, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 32%. Over the period under review, the exports of hit record highs at X square meters in 2021, and then dropped in the following year.

In value terms, exports of PVC floor, wall and ceiling coverings reduced to $X in 2022. Over the period under review, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 31% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

China dominates coverings structure, accounting for X square meters, which was near 91% of total exports in 2022. It was distantly followed by South Korea (X square meters), making up a 6.9% share of total exports. Taiwan (Chinese) (X square meters) took a relatively small share of total exports.

China was also the fastest-growing in terms of the PVC floor, wall and ceiling coverings exports, with a CAGR of +18.5% from 2012 to 2022. At the same time, Taiwan (Chinese) (+11.1%) and South Korea (+7.8%) displayed positive paces of growth. While the share of China (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-8.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest PVC floor, wall and ceiling coverings supplier in Eastern Asia, comprising 86% of total exports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +17.2%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+8.8% per year) and Taiwan (Chinese) (+14.8% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per square meter in 2022, increasing by 4.6% against the previous year. Overall, the export price, however, recorded a slight contraction. The level of export peaked at $X per square meter in 2013; however, from 2014 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 Taiwan (Chinese) ($X per square meter), while China ($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 Taiwan (Chinese) (+3.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports in Eastern Asia

In 2022, imports of pvc floor, wall and ceiling coverings in Eastern Asia shrank to X square meters, dropping by -12.8% on the previous year. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.2% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of X square meters, and then declined in the following year.

In value terms, imports of PVC floor, wall and ceiling coverings declined to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Taiwan (Chinese) was the largest importing country with an import of around X square meters, which recorded 35% of total imports. Japan (X square meters) ranks second in terms of the total imports with a 19% share, followed by South Korea (18%), Democratic People's Republic of Korea (11%), China (11%) and Hong Kong SAR (5.5%).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +20.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest PVC floor, wall and ceiling coverings importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined 69% share of total imports.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +17.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per square meter, approximately mirroring the previous year. Over the period under review, the import price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2013 an increase of 1.1%. Over the period under review, import prices reached the peak figure at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per square meter), while Taiwan (Chinese) ($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 China (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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