China - Floor, Wall Or Ceiling Coverings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Chinese Exports of PVC Coverings Jump to $5.7B with Booming Demand from the U.S.
IndexBox has just published a new report: 'China - Floor, Wall Or Ceiling Coverings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
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.
Chinese PVC Coverings Exports
In 2020, exports of PVC floor, wall and ceiling coverings from China soared to 5B square meters, picking up by +22% compared with 2019 figures. In value terms, exports of PVC floor, wall and ceiling coverings expanded by +14.0% y-o-y to $5.7B (IndexBox estimates) in 2020.
In physical terms, Chinese exports of PVC coverings rose from 720M square meters to 5B square meters over the past decade. China is the largest exporter of PVC coverings with a 75%-share of global exports.
The U.S. (2.9B square meters) was the main destination for exports of PVC floor, wall and ceiling coverings from China, accounting for a 59% share of total exports. Moreover, exports of PVC floor, wall and ceiling coverings to the U.S. exceeded the volume sent to the second major destination, Canada (328M square meters), eightfold. The third position in this ranking was occupied by Germany (178M square meters), with a 3.6% share.
In value terms, the U.S. ($3.2B) remains the key foreign market for PVC floor, wall and ceiling coverings exports from China, comprising 56% of total exports. The second position in the ranking was occupied by Canada ($339M), with a 6% share of total exports. It was followed by Germany, with a 3.4% share.
In 2020, the average annual rate of growth in terms of value to the U.S. amounted to +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+24.5% per year) and Germany (-3.0% per year).
In 2020, the average export price for PVC floor, wall and ceiling coverings amounted to $1.1 per square meter, with a decrease of -6.4% against the previous year. Average prices varied noticeably for the major foreign markets. In 2020, the countries with the highest prices were the UK ($1.2 per square meter) and Belgium ($1.2 per square meter), while the average price for exports to Canada ($1 per square meter) and the U.S. ($1.1 per square meter) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for plastic floor, wall and ceiling coverings in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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