Linoleum Market

The global linoleum market is projected to see a slight increase in volume and value terms over the period from 2022 to 2030, driven by rising demand worldwide. With an anticipated CAGR of +1.0% for volume and +3.7% for value, the market is expected to reach 1.6B square meters in volume and $9.3B in value by 2030. Consumption patterns have shown a relatively flat trend, with the highest volumes in China, the United States, and India. South Korea recorded the highest growth rate in consumption, while the United States led in market value. Production and imports also saw relatively flat trends, with notable increases in South Korea for production and Myanmar for imports. Export prices varied by country, with the UK and Russia leading in export value. Learn more about the global linoleum market trends and key players in this article.

Market Forecast

Driven by rising demand for linoleum worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 1.6B square meters by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $9.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Linoleum

Global linoleum consumption rose modestly to 1.5B square meters in 2022, increasing by 2.8% on the previous year's figure. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 4.8%. Global consumption peaked at 1.6B square meters in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

The global linoleum market value expanded to $7B in 2022, growing by 2.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $7.5B. From 2015 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (339M square meters), the United States (254M square meters) and India (129M square meters), together accounting for 48% of global consumption. Russia, Indonesia, Pakistan, Bangladesh, the UK, Turkey, Germany, France, South Korea and Canada lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +4.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.7B) led the market, alone. The second position in the ranking was taken by China ($449M). It was followed by the UK.

In the United States, the linoleum market remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-0.1% per year) and the UK (+3.8% per year).

The countries with the highest levels of linoleum per capita consumption in 2022 were the United States (757 square meters per 1000 persons), Canada (615 square meters per 1000 persons) and South Korea (524 square meters per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by South Korea (with a CAGR of +4.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Linoleum

In 2022, approx. 1.5B square meters of linoleum were produced worldwide; surging by 1.7% on 2021 figures. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 7% against the previous year. Global production peaked at 1.6B square meters in 2015; however, from 2016 to 2022, production remained at a lower figure.

In value terms, linoleum production totaled $6.8B in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 7.6% against the previous year. As a result, production reached the peak level of $7.7B. From 2015 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (359M square meters), the United States (249M square meters) and India (129M square meters), together comprising 50% of global production. Russia, Indonesia, Pakistan, the UK, Bangladesh, Turkey, France, South Korea, Germany and Canada lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by South Korea (with a CAGR of +4.7%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Linoleum

In 2022, purchases abroad of linoleum decreased by -11.7% to 60M square meters for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 13% against the previous year. Over the period under review, global imports attained the peak figure at 68M square meters in 2021, and then contracted in the following year.

In value terms, linoleum imports reduced to $300M in 2022. In general, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Global imports peaked at $381M in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, Myanmar (11M square meters) and the Philippines (8.5M square meters) represented the main importers of linoleumaround the world, together amounting to approx. 33% of total imports. The United States (5.3M square meters) held the next position in the ranking, followed by Germany (4.4M square meters), the Netherlands (3.7M square meters) and Kazakhstan (3M square meters). All these countries together held near 27% share of total imports. The UK (2M square meters), France (1.9M square meters), Tajikistan (1.5M square meters), Kyrgyzstan (1.4M square meters), Denmark (1.3M square meters), Sweden (1.3M square meters) and Uzbekistan (1.2M square meters) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +156.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest linoleum importing markets worldwide were the United States ($46M), Germany ($33M) and the Netherlands ($28M), with a combined 36% share of global imports. Sweden, Kazakhstan, France, the UK, the Philippines, Denmark, Myanmar, Kyrgyzstan, Tajikistan and Uzbekistan lagged somewhat behind, together comprising a further 33%.

In terms of the main importing countries, Myanmar, with a CAGR of +83.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average linoleum import price amounted to $5 per square meter, almost unchanged from the previous year. In general, the import price, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the peak figure at $7.2 per square meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($13 per square meter), while Myanmar ($0.4 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Linoleum

In 2022, shipments abroad of linoleum decreased by -37% to 41M square meters, falling for the second consecutive year after two years of growth. Overall, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2020 when exports increased by 68%. The global exports peaked at 79M square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, linoleum exports fell remarkably to $157M in 2022. Over the period under review, exports showed a pronounced downturn. The growth pace was the most rapid in 2013 with an increase of 82% against the previous year. As a result, the exports reached the peak of $407M. From 2014 to 2022, the growth of the global exports remained at a somewhat lower figure.

Exports By Country

China represented the largest exporting country with an export of around 21M square meters, which amounted to 50% of total exports. Russia (5.6M square meters) ranks second in terms of the total exports with a 14% share, followed by the UK (8.9%), Italy (5.6%), Canada (5.6%) and Germany (4.7%). Ukraine (744K square meters) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of linoleum. At the same time, Canada (+29.9%) and the UK (+3.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.9% from 2012-2022. By contrast, Russia (-1.2%), Italy (-2.3%), Germany (-8.8%) and Ukraine (-22.6%) illustrated a downward trend over the same period. China (+9.9 p.p.), Canada (+5.3 p.p.), the UK (+4.3 p.p.) and Russia (+2.3 p.p.) significantly strengthened its position in terms of the global exports, while Germany and Ukraine saw its share reduced by -4% and -15.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest linoleum supplying countries worldwide were the UK ($44M), Russia ($27M) and China ($20M), together accounting for 58% of global exports.

Among the main exporting countries, the UK, with a CAGR of +5.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average linoleum export price amounted to $3.8 per square meter, dropping by -15.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 29% against the previous year. The global export price peaked at $5.5 per square meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($12 per square meter), while China ($1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.2%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform