Vietnam: Linoleum Market 2024

Linoleum Market Size in Vietnam

The Vietnamese linoleum market contracted to $X in 2021, dropping by -14.5% against the previous year. Over the period under review, consumption showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Linoleum Production in Vietnam

In value terms, linoleum production declined to $X in 2021 estimated in export price. Overall, production saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Linoleum production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Linoleum Exports

Exports from Vietnam

For the fourth year in a row, Vietnam recorded decline in overseas shipments of linoleum, which decreased by -48.7% to X square meters in 2021. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 2,139%. As a result, the exports attained the peak of X square meters. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, linoleum exports declined notably to $X in 2021. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 3,788%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X square meters) was the main destination for linoleum exports from Vietnam, with a 72% share of total exports. Moreover, linoleum exports to the United States exceeded the volume sent to the second major destination, Indonesia (X square meters), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +23.8%.

In value terms, the United States ($X) remains the key foreign market for linoleum exports from Vietnam, comprising 72% of total exports. The second position in the ranking was held by Indonesia ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +32.3%.

Export Prices by Country

The average linoleum export price stood at $X per square meter in 2021, declining by -8.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 74% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2018 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Indonesia amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+32.9%), while the prices for the other major destinations experienced mixed trend patterns.

Linoleum Imports

Imports into Vietnam

In 2021, the amount of linoleum imported into Vietnam dropped markedly to X square meters, reducing by -87.2% compared with the previous year's figure. Overall, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 1,019% against the previous year. As a result, imports attained the peak of X square meters. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, linoleum imports declined notably to $X in 2021. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 910% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of linoleum to Vietnam, accounting for a 82% share of total imports. Moreover, linoleum imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X square meters), more than tenfold. Germany (X square meters) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+16.2% per year) and Germany (+17.7% per year).

In value terms, China ($X) constituted the largest supplier of linoleum to Vietnam, comprising 92% of total imports. The second position in the ranking was taken by Germany ($X), with a 2.6% share of total imports. It was followed by the Netherlands, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.4% per year) and the Netherlands (+14.7% per year).

Import Prices by Country

In 2021, the average linoleum import price amounted to $X per square meter, picking up by 188% against the previous year. In general, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per square meter), while the price for Japan ($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 China (+9.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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