Overview of the Global Market for PVC Floor, Wall and Ceiling Coverings

Market Size for PVC Floor, Wall and Ceiling Coverings

The global market for PVC floor, wall and ceiling coverings expanded sharply to $X in 2022, picking up by 9.2% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +12.6% against 2020 indices. Over the period under review, the global market reached the peak level in 2022 and is likely to see steady growth in the near future.

Production of PVC Floor, Wall and Ceiling Coverings

In value terms, production of PVC floor, wall and ceiling coverings shrank to $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.1% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 22% against the previous year. Over the period under review, global production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports

In 2022, after ten years of growth, there was significant decline in overseas shipments of PVC floor, wall and ceiling coverings, when their volume decreased by -11% to X square meters. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 27% against the previous year. Over the period under review, the global exports of attained the peak figure at X square meters in 2021, and then shrank in the following year.

In value terms, exports of PVC floor, wall and ceiling coverings shrank to $X in 2022. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

China prevails in coverings structure, finishing at X square meters, which was near 69% of total exports in 2022. Belgium (X square meters) ranks second in terms of the total exports with a 5.6% share, followed by South Korea (5.2%). Vietnam (X square meters), Luxembourg (X square meters), Germany (X square meters) and France (X square meters) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to PVC floor, wall and ceiling coverings exports from China stood at +18.5%. At the same time, Vietnam (+34.6%), Belgium (+12.3%), South Korea (+7.8%), Germany (+3.7%), Luxembourg (+3.5%) and France (+3.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +34.6% from 2012-2022. From 2012 to 2022, the share of China and Vietnam increased by +26 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest PVC floor, wall and ceiling coverings supplier worldwide, comprising 54% of global exports. The second position in the ranking was taken by Belgium ($X), with an 8.3% share of global exports. It was followed by South Korea, with a 6.9% share.

In China, exports of PVC floor, wall and ceiling coverings increased at an average annual rate of +17.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (+9.5% per year) and South Korea (+8.8% per year).

Export Prices by Country

In 2022, the average export price for PVC floor, wall and ceiling coverings amounted to $X per square meter, increasing by 3.3% against the previous year. Over the period under review, the export price, however, saw a perceptible setback. The growth pace was the most rapid in 2021 when the average export price increased by 5.8% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per square meter), while China ($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 Vietnam (+3.7%), while the other global leaders experienced mixed trends in the export price figures.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports

Global imports of PVC floor, wall and ceiling coverings expanded modestly to X square meters in 2022, with an increase of 4.1% compared with 2021. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of PVC floor, wall and ceiling coverings rose modestly to $X in 2022. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, global imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X square meters) represented the main importer of PVC floor, wall and ceiling coverings, comprising 41% of total imports. It was distantly followed by Germany (X square meters), achieving a 7% share of total imports. The following importers - Canada (X square meters), the UK (X square meters), France (X square meters), Belgium (X square meters), the Netherlands (X square meters), Australia (X square meters) and Italy (X square meters) - together made up 23% of total imports.

The United States was also the fastest-growing in terms of the PVC floor, wall and ceiling coverings imports, with a CAGR of +22.2% from 2012 to 2022. At the same time, Belgium (+20.7%), Italy (+19.8%), the Netherlands (+18.0%), Australia (+16.0%), Germany (+10.2%), Canada (+10.1%), the UK (+8.9%) and France (+5.9%) displayed positive paces of growth. From 2012 to 2022, the share of the United States and Belgium increased by +23 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported PVC floor, wall and ceiling coverings worldwide, comprising 42% of global imports. The second position in the ranking was held by Germany ($X), with a 6.8% share of global imports. It was followed by Canada, with a 5.3% share.

In the United States, imports of PVC floor, wall and ceiling coverings expanded at an average annual rate of +19.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+8.8% per year) and Canada (+9.5% per year).

Import Prices by Country

In 2022, the average import price for PVC floor, wall and ceiling coverings amounted to $X per square meter, standing approx. at the previous year. Over the period under review, the import price showed a mild contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 3.7%. Global import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Australia ($X per square meter) and Canada ($X per square meter), while Belgium ($X per square meter) and Germany ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-0.6%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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