Eastern Asia: Market for Non-PVC Floor, Wall and Ceiling Coverings 2024

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

For the third year in a row, the East Asian market for non-PVC floor, wall and ceiling coverings recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption saw a strong increase. The level of consumption peaked in 2023 and is likely to see gradual growth in years to come.

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

In value terms, production of non-PVC floor, wall and ceiling coverings amounted to $X in 2023 estimated in export price. Over the period under review, production enjoyed strong growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports in Eastern Asia

In 2023, shipments abroad of non-PVC floor, wall and ceiling coverings was finally on the rise to reach X square meters after three years of decline. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X square meters in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of non-PVC floor, wall and ceiling coverings reduced modestly to $X in 2023. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

China dominates coverings structure, amounting to X square meters, which was near X% of total exports in 2023. The following exporters - Taiwan (Chinese) (X square meters) and South Korea (X square meters) - each amounted to a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of non-PVC floor, wall and ceiling coverings. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-PVC floor, wall and ceiling coverings supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, exports of non-PVC floor, wall and ceiling coverings expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per square meter, dropping by X% against the previous year. Over the period under review, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per square meter in 2022, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per square meter), while South Korea ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Imports of Non-PVC Floor, Wall and Ceiling Coverings

Imports in Eastern Asia

In 2023, supplies from abroad of non-PVC floor, wall and ceiling coverings decreased by X% to X square meters, falling for the second consecutive year after two years of growth. Total imports indicated a noticeable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, imports of non-PVC floor, wall and ceiling coverings reduced to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of imports of non-PVC floor, wall and ceiling coverings in 2023 were Japan (X square meters), South Korea (X square meters) and Taiwan (Chinese) (X square meters), together reaching X% of total import. It was distantly followed by Hong Kong SAR (X square meters), comprising a X% share of total imports. Macao SAR (X square meters), China (X square meters) and Democratic People's Republic of Korea (X square meters) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-PVC floor, wall and ceiling coverings importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X), together comprising X% of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per square meter, with a decrease of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per square meter in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per square meter), while Macao SAR ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform