Philippines: Market for PVC Floor, Wall and Ceiling Coverings 2025

Market Size for PVC Floor, Wall and Ceiling Coverings in the Philippines

In 2022, the Philippine market for PVC floor, wall and ceiling coverings increased by 13% to $X, rising for the second year in a row after three years of decline. In general, consumption saw a moderate expansion. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from the Philippines

In 2022, the amount of PVC floor, wall and ceiling coverings exported from the Philippines skyrocketed to X square meters, growing by 205% on 2021. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 4,631% against the previous year. The exports peaked at X square meters in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of PVC floor, wall and ceiling coverings soared to $X in 2022. In general, exports saw resilient growth. The pace of growth appeared the most rapid in 2019 when exports increased by 4,309% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Canada (X square meters), Sierra Leone (X square meters) and Guam (X square meters) were the main destinations of exports of PVC floor, wall and ceiling coverings from the Philippines, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +6,743.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for PVC floor, wall and ceiling coverings exported from the Philippines were Canada ($X), Sierra Leone ($X) and Guam ($X), with a combined 86% share of total exports.

Among the main countries of destination, Canada, with a CAGR of +1,705.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, falling by -55% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2018 when the average export price increased by 629%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Micronesia ($X per square meter), while the average price for exports to Sierra Leone ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into the Philippines

In 2022, overseas purchases of PVC floor, wall and ceiling coverings increased by 18% to X square meters, rising for the second year in a row after three years of decline. Overall, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +67.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Imports peaked at X square meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of PVC floor, wall and ceiling coverings totaled $X in 2022. Over the period under review, imports saw measured growth. The most prominent rate of growth was recorded in 2016 with an increase of 75% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest PVC floor, wall and ceiling coverings supplier to the Philippines, accounting for a 76% share of total imports. Moreover, imports of PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, South Korea (X square meters), eightfold. The third position in this ranking was held by Thailand (X square meters), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.5% per year) and Thailand (+12.2% per year).

In value terms, China ($X) constituted the largest supplier of PVC floor, wall and ceiling coverings to the Philippines, comprising 59% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.4% per year) and Japan (+10.5% per year).

Import Prices by Country

The average import price for PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, falling by -5.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 28%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for Thailand ($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 Japan (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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