Singapore: Market for Non-PVC Floor, Wall and Ceiling Coverings 2025

Market Size for Non-PVC Floor, Wall and Ceiling Coverings in Singapore

The Singaporean market for non-PVC floor, wall and ceiling coverings expanded remarkably to $X in 2022, picking up by 6.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate noticeable growth. Consumption of peaked in 2022 and is likely to continue growth in years to come.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports from Singapore

In 2022, shipments abroad of non-PVC floor, wall and ceiling coverings increased by 34% to X square meters, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a mild contraction. Over the period under review, the exports of reached the peak figure at X square meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of non-PVC floor, wall and ceiling coverings surged to $X in 2022. Overall, exports, however, saw a slight slump. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X square meters) was the main destination for exports of non-PVC floor, wall and ceiling coverings from Singapore, accounting for a 72% share of total exports. Moreover, exports of non-PVC floor, wall and ceiling coverings to Indonesia exceeded the volume sent to the second major destination, Malaysia (X square meters), fourfold. Vietnam (X square meters) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+2.0% per year) and Vietnam (+28.5% per year).

In value terms, the largest markets for non-PVC floor, wall and ceiling coverings exported from Singapore were Malaysia ($X), Indonesia ($X) and Vietnam ($X), together accounting for 92% of total exports.

Vietnam, with a CAGR of +29.2%, saw the highest growth rate of 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, with an increase of 24% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 25% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per square meter), while the average price for exports to Taiwan (Chinese) ($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 (+17.9%), 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 Singapore

Imports of non-PVC floor, wall and ceiling coverings into Singapore contracted slightly to X square meters in 2022, waning by -4.8% compared with the year before. Over the period under review, imports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. As a result, imports attained the peak of X square meters, and then dropped slightly in the following year.

In value terms, imports of non-PVC floor, wall and ceiling coverings surged to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 42% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of non-PVC floor, wall and ceiling coverings to Singapore, accounting for a 77% share of total imports. Moreover, imports of non-PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, Indonesia (X square meters), eightfold. Malaysia (X square meters) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+51.6% per year) and Malaysia (+7.9% per year).

In value terms, China ($X) constituted the largest supplier of non-PVC floor, wall and ceiling coverings to Singapore, comprising 61% of total imports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total imports. It was followed by Malaysia, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+48.2% per year) and Malaysia (+5.9% per year).

Import Prices by Country

In 2022, the average import price for non-PVC floor, wall and ceiling coverings amounted to $X per square meter, with an increase of 22% against the previous year. In general, the import price, however, showed a pronounced contraction. The import price peaked at $X per square meter in 2012; however, from 2013 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 Indonesia ($X per square meter), while the price for Malaysia ($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 South Korea (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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