Vietnam: Market for Non-PVC Floor, Wall and Ceiling Coverings 2025

Market Size for Non-PVC Floor, Wall and Ceiling Coverings in Vietnam

In 2022, after five years of growth, there was decline in the Vietnamese market for non-PVC floor, wall and ceiling coverings, when its value decreased by -0.1% to $X. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2021, and then declined slightly in the following year.

Production of Non-PVC Floor, Wall and Ceiling Coverings in Vietnam

In value terms, production of non-PVC floor, wall and ceiling coverings rose modestly to $X in 2022 estimated in export price. Over the period under review, production saw a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 41% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports from Vietnam

Exports of non-PVC floor, wall and ceiling coverings from Vietnam expanded significantly to X square meters in 2022, growing by 5% on the previous year. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 92% against the previous year. Over the period under review, the exports of hit record highs at X square meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-PVC floor, wall and ceiling coverings rose to $X in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 125%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X square meters) was the main destination for exports of non-PVC floor, wall and ceiling coverings from Vietnam, with a 38% share of total exports. Moreover, exports of non-PVC floor, wall and ceiling coverings to Japan exceeded the volume sent to the second major destination, the United States (X square meters), twofold. Sweden (X square meters) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at +81.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+43.5% per year) and Sweden (+57.3% per year).

In value terms, Japan ($X) remains the key foreign market for non-PVC floor, wall and ceiling coverings exports from Vietnam, comprising 38% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to +82.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+44.7% per year) and Sweden (+56.2% per year).

Export Prices by Country

In 2022, the average export price for non-PVC floor, wall and ceiling coverings amounted to $X per square meter, waning by -2.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 an increase of 21%. Over the period under review, the average export prices hit record highs at $X per square meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per square meter) and Cambodia ($X per square meter), while the average price for exports to Germany ($X per square meter) and Spain ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-PVC Floor, Wall and Ceiling Coverings

Imports into Vietnam

In 2022, overseas purchases of non-PVC floor, wall and ceiling coverings decreased by -4.4% to X square meters for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 61% against the previous year. Over the period under review, imports of reached the peak figure at X square meters in 2021, and then declined modestly in the following year.

In value terms, imports of non-PVC floor, wall and ceiling coverings contracted to $X in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 70% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X square meters) was the main supplier of non-PVC floor, wall and ceiling coverings to Vietnam, accounting for a 91% share of total imports. Moreover, imports of non-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.

From 2012 to 2022, the average annual growth rate of volume from China stood at +52.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+9.7% per year) and Taiwan (Chinese) (-28.3% per year).

In value terms, China ($X) constituted the largest supplier of non-PVC floor, wall and ceiling coverings to Vietnam, comprising 92% of total imports. The second position in the ranking was held by South Korea ($X), with a 4.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +50.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.3% per year) and Taiwan (Chinese) (-30.0% per year).

Import Prices by Country

In 2022, the average import price for non-PVC floor, wall and ceiling coverings amounted to $X per square meter, falling by -2.7% against the previous year. Over the period under review, the import price saw a mild setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per square meter), while the price for Taiwan (Chinese) ($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 China (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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