Chinese exports of PVC floor, wall and ceiling coverings spiked by +14.0% y-o-y to $5.7B, reaching the highest level over the past decade. From 2010 to 2020, exports of PVC coverings from China rose from 720M square meters to 5B square meters. China leads in global PVC coverings exports with a 75%-share of the total volume. The U.S. remains the key foreign market for PVC covering exports from China, accounting for 59% of the exports. Canada and Germany follow the U.S. in this ranking. In 2020, the average export price for Chinese PVC coverings amounted to $1.1 per square meter, falling by -6.4% y-o-y.
The auto market collapse has hit the European tyres market hard, but the increasing demand for truck tyres is to become a remedy. In the context of tightening European environmental legislation, 'green' tyres become more popular.
The European plastic packaging market remains resilient to the pandemic, amounting to near $31B. According to the New European Green Deal, by 2030, absolutely all plastic packaging consumed in the EU must be recyclable or recyclable. This is to shift supply chains towards reusable packages which could possibly lead to rising costs. However, due to the convenience of plastic packaging amid the pandemic, any radical market contraction is currently not expected.
While the economic recovery from the pandemic could take several years, the renovation plan will provide the additional incentive that could accelerate the recovery of the construction sector and support demand for cellular plates and other insulation materials.
The U.S. conveyor and conveying equipment market expanded sharply to $10.8B in 2019, picking up by 5.1% against the...
In 2019, the U.S. plastic bottle market increased by 0.1% to $11.5B, rising for the third consecutive year after two...
Russia (8.7M square meters), distantly followed by Ukraine (5.2M square meters), and the UK (4M square meters).
From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam