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

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

The South Asian market for non-PVC floor, wall and ceiling coverings shrank slightly to $X in 2023, approximately mirroring the previous year. Overall, consumption showed a buoyant increase. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

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

In value terms, production of non-PVC floor, wall and ceiling coverings declined modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2023, production of growth remained at a lower figure.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports in Southern Asia

Exports of non-PVC floor, wall and ceiling coverings dropped remarkably to X square meters in 2023, which is down by X% against 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X square meters in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, exports of non-PVC floor, wall and ceiling coverings shrank notably to $X in 2023. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, India (X square meters) represented the major exporter of non-PVC floor, wall and ceiling coverings, making up X% of total exports. It was distantly followed by Pakistan (X square meters), creating a X% share of total exports.

India was also the fastest-growing in terms of the non-PVC floor, wall and ceiling coverings exports, with a CAGR of X% from 2012 to 2023. Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India increased by X percentage points.

In value terms, India ($X) emerged as the largest non-PVC floor, wall and ceiling coverings supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

In India, exports of non-PVC floor, wall and ceiling coverings decreased by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per square meter, shrinking by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per square meter), while Pakistan amounted to $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Non-PVC Floor, Wall and Ceiling Coverings

Imports in Southern Asia

In 2023, after two years of growth, there was decline in supplies from abroad of non-PVC floor, wall and ceiling coverings, when their volume decreased by X% to X square meters. Total imports indicated a temperate 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports of attained the peak figure at X square meters in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of non-PVC floor, wall and ceiling coverings dropped rapidly to $X in 2023. Total imports indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

India prevails in coverings structure, amounting to X square meters, which was approx. X% of total imports in 2023. It was distantly followed by Afghanistan (X square meters), comprising a X% share of total imports. The following importers - Bangladesh (X square meters), Nepal (X square meters), Sri Lanka (X square meters) and Maldives (X square meters) - each amounted to an X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to non-PVC floor, wall and ceiling coverings imports into India stood at X%. At the same time, Maldives (X%), Bangladesh (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Sri Lanka (X%) and Afghanistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India and Bangladesh increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-PVC floor, wall and ceiling coverings in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Afghanistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2023, the average annual growth rate of value in India amounted to X%. In the other countries, the average annual rates were as follows: Afghanistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per square meter, which is down by X% against the previous year. Over the period under review, the import price showed a noticeable decrease. The growth pace was the most rapid in 2022 when the import price increased by X%. The level of import peaked at $X per square meter in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

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 Bangladesh ($X per square meter), while India ($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 Bangladesh (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform