Southern Asia: Linoleum Market 2024

Linoleum Market Size in Southern Asia

In 2021, the South Asian linoleum market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, recorded a perceptible descent. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Linoleum Production in Southern Asia

In value terms, linoleum production rose sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a deep contraction. The growth pace was the most rapid in 2017 when the production volume increased by 9.7% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Linoleum Exports

Exports in Southern Asia

In 2021, shipments abroad of linoleum decreased by -3.7% to X square meters, falling for the second year in a row after two years of growth. Overall, exports saw a sharp downturn. The growth pace was the most rapid in 2019 when exports increased by 99% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, linoleum exports skyrocketed to $X in 2021. Over the period under review, exports showed a sharp curtailment. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Bangladesh represented the main exporting country with an export of about X square meters, which recorded 50% of total exports. India (X square meters) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (19%). The following exporters - Nepal (X square meters) and Sri Lanka (X square meters) - each finished at a 7% share of total exports.

Bangladesh was also the fastest-growing in terms of the linoleum exports, with a CAGR of +80.9% from 2012 to 2021. At the same time, Nepal (+39.7%) displayed positive paces of growth. By contrast, Sri Lanka (-8.5%), Pakistan (-18.1%) and India (-38.2%) illustrated a downward trend over the same period. Bangladesh (+50 p.p.), Pakistan (+13 p.p.), Nepal (+3.5 p.p.) and Sri Lanka (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -69.6% from 2012 to 2021, respectively.

In value terms, Bangladesh ($X) emerged as the largest linoleum supplier in Southern Asia, comprising 49% of total exports. The second position in the ranking was taken by India ($X), with a 21% share of total exports. It was followed by Nepal, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Bangladesh amounted to +67.4%. The remaining exporting countries recorded the following average annual rates of exports growth: India (-36.0% per year) and Nepal (+63.5% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per square meter, increasing by 100% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nepal ($X per square meter), while Pakistan ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+17.1%), while the other leaders experienced more modest paces of growth.

Linoleum Imports

Imports in Southern Asia

In 2021, purchases abroad of linoleum increased by 87% to X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a deep downturn. The volume of import peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, linoleum imports skyrocketed to $X in 2021. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 98% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India represented the major importing country with an import of around X square meters, which recorded 71% of total imports. Nepal (X square meters) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (8.6%). Bhutan (X square meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to linoleum imports into India stood at -6.8%. At the same time, Sri Lanka (+18.8%) and Nepal (+12.9%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +18.8% from 2012-2021. By contrast, Bhutan (-28.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, Nepal and Sri Lanka increased by +15, +13 and +7.9 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported linoleum in Southern Asia, comprising 76% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 12% share of total imports. It was followed by Nepal, with an 8.2% share.

In India, linoleum imports declined by an average annual rate of -5.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (+31.2% per year) and Nepal (+12.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per square meter in 2021, falling by -2.8% against the previous year. Import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, linoleum import price increased by +22.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 32%. The level of import peaked at $X per square meter in 2020, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sri Lanka ($X per square meter), while Bhutan ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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