Eastern Asia: Textile Wall Covering Market 2024

Textile Wall Covering Market Size in Eastern Asia

The East Asian textile wall covering market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption showed a noticeable shrinkage. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Textile Wall Covering Production in Eastern Asia

In value terms, textile wall covering production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Textile Wall Covering Exports

Exports in Eastern Asia

Textile wall covering exports reached X square meters in 2022, surging by X% compared with 2021 figures. Over the period under review, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, textile wall covering exports skyrocketed to $X in 2022. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China dominates exports structure, amounting to X square meters, which was approx. X% of total exports in 2022. South Korea (X square meters) followed a long way behind the leaders.

China was also the fastest-growing in terms of the textile wall coverings exports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest textile wall covering supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

In China, textile wall covering exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per square meter in 2022, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per square meter), while China totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Textile Wall Covering Imports

Imports in Eastern Asia

Textile wall covering imports dropped to X square meters in 2022, which is down by X% against 2021 figures. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, textile wall covering imports contracted modestly to $X in 2022. Overall, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China represented the key importer of textile wall coverings in Eastern Asia, with the volume of imports finishing at X square meters, which was approx. X% of total imports in 2022. South Korea (X square meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%) and Taiwan (Chinese) (X%). Hong Kong SAR (X square meters) took a little share of total imports.

Imports into China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Japan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. South Korea (X p.p.), Japan (X p.p.), Taiwan (Chinese) (X p.p.) and Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported textile wall coverings in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In China, textile wall covering imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per square meter in 2022, rising by X% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile wall covering import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while China ($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 Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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