Southern Asia: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Southern Asia

The South Asian market for PVC floor, wall and ceiling coverings declined to $X in 2022, waning by -5% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +3.0% against 2020 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of PVC Floor, Wall and Ceiling Coverings in Southern Asia

In value terms, production of PVC floor, wall and ceiling coverings contracted to $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.5% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 30%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports in Southern Asia

In 2022, shipments abroad of PVC floor, wall and ceiling coverings increased by 14% to X square meters, rising for the second consecutive year after four years of decline. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 184%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of PVC floor, wall and ceiling coverings rose notably to $X in 2022. In general, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 189% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from India (X square meters), together accounting for 98% of total export.

India was also the fastest-growing in terms of the PVC floor, wall and ceiling coverings exports, with a CAGR of +5.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest PVC floor, wall and ceiling coverings supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to -2.0%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per square meter, with a decrease of -1.9% against the previous year. Overall, the export price showed a abrupt contraction. The growth pace was the most rapid in 2019 an increase of 41% against the previous year. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -7.4% per year.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports in Southern Asia

In 2022, imports of pvc floor, wall and ceiling coverings in Southern Asia skyrocketed to X square meters, picking up by 22% on the previous year's figure. In general, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 46%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of PVC floor, wall and ceiling coverings skyrocketed to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +9.0% 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 +51.1% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 27%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

India prevails in coverings structure, resulting at X square meters, which was approx. 81% of total imports in 2022. It was distantly followed by Nepal (X square meters), making up an 8.5% share of total imports. Bangladesh (X square meters), Pakistan (X square meters), Maldives (X square meters) and Sri Lanka (X square meters) held a little share of total imports.

India was also the fastest-growing in terms of the PVC floor, wall and ceiling coverings imports, with a CAGR of +16.3% from 2012 to 2022. At the same time, Nepal (+10.1%), Maldives (+5.4%) and Pakistan (+2.7%) displayed positive paces of growth. By contrast, Sri Lanka (-7.1%) and Bangladesh (-9.8%) illustrated a downward trend over the same period. India (+33 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan, Sri Lanka and Bangladesh saw its share reduced by -2.6%, -6.9% and -21.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported PVC floor, wall and ceiling coverings in Southern Asia, comprising 79% of total imports. The second position in the ranking was taken by Nepal ($X), with a 6.5% share of total imports. It was followed by Pakistan, with a 4.6% share.

In India, imports of PVC floor, wall and ceiling coverings increased at an average annual rate of +12.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nepal (+7.1% per year) and Pakistan (+7.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per square meter in 2022, picking up by 2.8% against the previous year. Over the period under review, the import price, however, saw a slight contraction. The pace of growth was the most pronounced in 2017 an increase of 12%. As a result, import price reached the peak level of $X per square meter. From 2018 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per square meter), while Nepal ($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 Bangladesh (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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