Vietnam: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2025

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Vietnam

The Vietnamese market for floor, wall or ceiling coverings of plastics shrank to $X in 2022, declining by -1.8% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Vietnam

In value terms, production of floor, wall or ceiling coverings of plastics rose markedly to $X in 2022 estimated in export price. Overall, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Vietnam

After seven years of growth, overseas shipments of floor, wall or ceiling coverings of plastics decreased by -35.6% to X square meters in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 240%. As a result, the exports reached the peak of X square meters, and then fell remarkably in the following year.

In value terms, exports of floor, wall or ceiling coverings of plastics shrank markedly to $X in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 286%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

The United States (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Vietnam, accounting for a approx. 92% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +54.2%.

In value terms, the United States ($X) also remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Vietnam.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +62.8%.

Export Prices by Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, shrinking by -2.2% against the previous year. Over the period under review, the export price, however, recorded tangible growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $X per square meter in 2021, and then dropped slightly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.6% per year.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Vietnam

After five years of growth, purchases abroad of floor, wall or ceiling coverings of plastics decreased by -6.2% to X square meters in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 216%. Imports peaked at X square meters in 2021, and then reduced in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics contracted to $X in 2022. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 192% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of plastic floor, wall and ceiling coverings to Vietnam, accounting for a 81% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, South Korea (X square meters), more than tenfold. Thailand (X square meters) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +42.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+12.3% per year) and Thailand (+0.0% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Vietnam, comprising 82% of total imports. The second position in the ranking was taken by South Korea ($X), with a 6.1% share of total imports. It was followed by Thailand, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +39.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.3% per year) and Thailand (-2.2% per year).

Import Prices by Country

The average import price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, stabilizing at the previous year. Overall, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per square meter) and China ($X per square meter), while the price for Thailand ($X per square meter) and South Korea ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :