Asia: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Asia

The Asian market for floor, wall or ceiling coverings of plastics dropped to $X in 2022, waning by X% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Asia

In value terms, production of floor, wall or ceiling coverings of plastics shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports in Asia

In 2022, shipments abroad of floor, wall or ceiling coverings of plastics increased by X% to X square meters for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics totaled $X in 2022. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, China (X square meters) was the largest exporter of floor, wall or ceiling coverings of plastics, achieving X% of total exports. South Korea (X square meters) ranks second in terms of the total exports with an X% share, followed by Vietnam (X%). The following exporters - Taiwan (Chinese) (X square meters) and Turkey (X square meters) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Turkey (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. While the share of Vietnam (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic floor, wall and ceiling coverings supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per square meter, stabilizing at the previous year. Overall, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports in Asia

In 2022, the amount of floor, wall or ceiling coverings of plastics imported in Asia contracted to X square meters, which is down by X% on 2021. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at X square meters in 2021, and then contracted in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Indonesia (X square meters), Malaysia (X square meters), Iraq (X square meters), Taiwan (Chinese) (X square meters), Singapore (X square meters), Japan (X square meters), the United Arab Emirates (X square meters), India (X square meters), the Philippines (X square meters), South Korea (X square meters), Saudi Arabia (X square meters) and Turkey (X square meters) represented roughly X% of total imports in 2022. Vietnam (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Saudi Arabia ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Taiwan (Chinese), Iraq, Malaysia, India, Singapore, Vietnam, the United Arab Emirates, South Korea, Turkey and the Philippines lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 2022, the import price in Asia amounted to $X per square meter, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per square meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per square meter), while the Philippines ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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