Asia-Pacific: Textile Wall Covering Market 2024

Textile Wall Covering Market Size in Asia-Pacific

In 2023, the Asia-Pacific textile wall covering market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Textile Wall Covering Production in Asia-Pacific

In value terms, textile wall covering production totaled $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

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Textile Wall Covering Exports

Exports in Asia-Pacific

In 2023, overseas shipments of textile wall coverings decreased by X% to X square meters, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X square meters in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, textile wall covering exports contracted to $X in 2023. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then fell in the following year.

Exports by Country

China prevails in exports structure, recording X square meters, which was approx. X% of total exports in 2023. It was distantly followed by New Zealand (X square meters), committing a X% share of total exports. South Korea (X square meters) held a minor share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Korea (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest textile wall covering supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

In China, textile wall covering exports 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: New Zealand (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per square meter, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per square meter), while China ($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 South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Textile Wall Covering Imports

Imports in Asia-Pacific

In 2023, after three years of decline, there was significant growth in purchases abroad of textile wall coverings, when their volume increased by X% to X square meters. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X square meters in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, textile wall covering imports amounted to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Australia (X square meters) was the key importer of textile wall coverings, making up X% of total imports. It was distantly followed by China (X square meters), Thailand (X square meters), Singapore (X square meters) and India (X square meters), together committing a X% share of total imports. South Korea (X square meters), Indonesia (X square meters), Japan (X square meters), Vietnam (X square meters) and Malaysia (X square meters) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the textile wall coverings imports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%), Thailand (X%), India (X%), Japan (X%), Singapore (X%) and Vietnam (X%) displayed positive paces of growth. By contrast, South Korea (X%), Malaysia (X%) and China (X%) illustrated a downward trend over the same period. Australia (X p.p.), Thailand (X p.p.), India (X p.p.), Indonesia (X p.p.), Japan (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and China saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), China ($X) and India ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Thailand, Singapore, South Korea, Indonesia, Vietnam, Japan and Malaysia lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, recorded 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 2023, the import price in Asia-Pacific amounted to $X per square meter, approximately mirroring the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per square meter), while Malaysia ($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