Republic of Korea: Market for Non-PVC Floor, Wall and Ceiling Coverings 2025

Market Size for Non-PVC Floor, Wall and Ceiling Coverings in Republic of Korea

The South Korean market for non-PVC floor, wall and ceiling coverings expanded rapidly to $X in 2022, picking up by 11% against the previous year. In general, consumption continues to indicate strong growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Non-PVC Floor, Wall and Ceiling Coverings in Republic of Korea

In value terms, production of non-PVC floor, wall and ceiling coverings stood at $X in 2022 estimated in export price. Overall, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 72%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports from Republic of Korea

In 2022, approx. X square meters of non-PVC floor, wall and ceiling coverings were exported from South Korea; declining by -32.6% compared with 2021. In general, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 57%. Over the period under review, the exports of hit record highs at X square meters in 2021, and then shrank sharply in the following year.

In value terms, exports of non-PVC floor, wall and ceiling coverings fell sharply to $X in 2022. Overall, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 97%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

India (X square meters), China (X square meters) and the United States (X square meters) were the main destinations of exports of non-PVC floor, wall and ceiling coverings from South Korea, with a combined 55% share of total exports. The Philippines, Japan, Israel, Canada, Singapore, Australia, Mexico, the UK, Germany and Greece lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +31.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-PVC floor, wall and ceiling coverings exported from South Korea were China ($X), Japan ($X) and India ($X), with a combined 58% share of total exports. The United States, the Philippines, Germany, Israel, Mexico, Canada, Australia, Singapore, the UK and Greece lagged somewhat behind, together comprising a further 27%.

Australia, with a CAGR of +35.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, growing by 25% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for non-PVC floor, wall and ceiling coverings increased by +15.5% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per square meter), while the average price for exports to the Philippines ($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 China (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-PVC Floor, Wall and Ceiling Coverings

Imports into Republic of Korea

After two years of growth, supplies from abroad of non-PVC floor, wall and ceiling coverings decreased by -1.8% to X square meters in 2022. Overall, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 72%. Imports peaked at X square meters in 2021, and then contracted in the following year.

In value terms, imports of non-PVC floor, wall and ceiling coverings contracted slightly to $X in 2022. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 117% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) was the main non-PVC floor, wall and ceiling coverings supplier to South Korea, accounting for a 99% share of total imports. It was followed by the United States (X square meters), with a 0.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +9.2%.

In value terms, China ($X) constituted the largest supplier of non-PVC floor, wall and ceiling coverings to South Korea, comprising 97% of total imports. The second position in the ranking was held by the United States ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +9.3%.

Import Prices by Country

The average import price for non-PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, which is down by -1.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 41%. Over the period under review, average import prices attained the maximum at $X per square meter in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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