Latin America and the Caribbean: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Latin America and the Caribbean

The Latin American market for PVC floor, wall and ceiling coverings fell to $X in 2022, which is down by -9.2% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +2.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Production of PVC Floor, Wall and Ceiling Coverings in Latin America and the Caribbean

In value terms, production of PVC floor, wall and ceiling coverings shrank to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 32%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports in Latin America and the Caribbean

In 2022, exports of PVC floor, wall and ceiling coverings in Latin America and the Caribbean soared to X square meters, increasing by 702% on the previous year's figure. Over the period under review, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of PVC floor, wall and ceiling coverings skyrocketed to $X in 2022. Overall, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico prevails in coverings structure, resulting at X square meters, which was approx. 93% of total exports in 2022. Brazil (X square meters) took a little share of total exports.

Mexico was also the fastest-growing in terms of the PVC floor, wall and ceiling coverings exports, with a CAGR of +22.1% from 2012 to 2022. At the same time, Brazil (+13.2%) displayed positive paces of growth. While the share of Mexico (+35 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest PVC floor, wall and ceiling coverings supplier in Latin America and the Caribbean, comprising 88% of total exports. The second position in the ranking was held by Brazil ($X), with a 6.4% share of total exports.

In Mexico, exports of PVC floor, wall and ceiling coverings expanded at an average annual rate of +21.0% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per square meter in 2022, dropping by -23.2% against the previous year. Over the period under review, the export price recorded a slight slump. The growth pace was the most rapid in 2016 when the export price increased by 40%. The level of export peaked at $X per square meter in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per square meter), while Mexico amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-0.9%).

Imports of PVC Floor, Wall and Ceiling Coverings

Imports in Latin America and the Caribbean

Imports of PVC floor, wall and ceiling coverings dropped slightly to X square meters in 2022, waning by -5% compared with the year before. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports attained the peak of X square meters, and then reduced modestly in the following year.

In value terms, imports of PVC floor, wall and ceiling coverings totaled $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +49.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X square meters), Chile (X square meters), Argentina (X square meters), Mexico (X square meters) and Colombia (X square meters) represented roughly 78% of total imports in 2022. The following importers - Peru (X square meters), Ecuador (X square meters), Uruguay (X square meters), Panama (X square meters) and Bolivia (X square meters) - together made up 13% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Panama (with a CAGR of +22.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest PVC floor, wall and ceiling coverings importing markets in Latin America and the Caribbean were Brazil ($X), Chile ($X) and Mexico ($X), with a combined 61% share of total imports. Argentina, Colombia, Peru, Ecuador, Panama, Uruguay and Bolivia lagged somewhat behind, together comprising a further 28%.

In terms of the main importing countries, Panama, with a CAGR of +23.7%, 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

The import price in Latin America and the Caribbean stood at $X per square meter in 2022, increasing by 8.7% against the previous year. Over the period under review, the import price, however, showed a mild reduction. The growth pace was the most rapid in 2021 when the import price increased by 8.8%. Over the period under review, import prices hit record highs at $X per square meter in 2012; however, from 2013 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 Mexico ($X per square meter), while Bolivia ($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 Bolivia (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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