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

Market Size for PVC Floor, Wall and Ceiling Coverings in Thailand

The Thai market for PVC floor, wall and ceiling coverings fell to $X in 2022, declining by -10.2% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +86.2% against 2012 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of PVC Floor, Wall and Ceiling Coverings in Thailand

In value terms, production of PVC floor, wall and ceiling coverings fell to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 when the production volume increased by 43%. Production of peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from Thailand

In 2022, approx. X square meters of PVC floor, wall and ceiling coverings were exported from Thailand; falling by -5.7% on 2021. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 50%. Over the period under review, the exports of hit record highs at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of PVC floor, wall and ceiling coverings fell slightly to $X in 2022. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 53% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X square meters), Indonesia (X square meters) and Malaysia (X square meters) were the main destinations of exports of PVC floor, wall and ceiling coverings from Thailand, with a combined 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +88.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for PVC floor, wall and ceiling coverings exported from Thailand were the United States ($X), Malaysia ($X) and Indonesia ($X), with a combined 37% share of total exports.

The United States, with a CAGR of +83.5%, recorded the highest growth rate of the value of exports, among 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 PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, with an increase of 2.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per square meter), while the average price for exports to the Philippines ($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 India (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into Thailand

After two years of growth, supplies from abroad of PVC floor, wall and ceiling coverings decreased by -5% to X square meters in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 75%. Imports peaked at X square meters in 2021, and then fell modestly in the following year.

In value terms, imports of PVC floor, wall and ceiling coverings dropped to $X in 2022. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 35%. Imports peaked at $X in 2021, and then shrank modestly in the following year.

Imports by Country

In 2022, China (X square meters) was the main PVC floor, wall and ceiling coverings supplier to Thailand, with a 91% 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), more than tenfold. The third position in this ranking was held by Vietnam (X square meters), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.3% per year) and Vietnam (+40.3% per year).

In value terms, China ($X) constituted the largest supplier of PVC floor, wall and ceiling coverings to Thailand, comprising 84% of total imports. The second position in the ranking was held by South Korea ($X), with a 5.4% share of total imports. It was followed by Vietnam, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.4% per year) and Vietnam (+34.9% 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, growing by 3.2% against the previous year. In general, the import price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 32% against the previous year. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per square meter), while the price for Vietnam ($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 (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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