Asia: Textile Wall Covering Market 2024

Textile Wall Covering Market Size in Asia

In 2023, the Asian textile wall covering market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Textile Wall Covering Production in Asia

In value terms, textile wall covering production stood at $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Textile Wall Covering Exports

Exports in Asia

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 measured expansion. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs 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 dropped to $X in 2023. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then fell in the following year.

Exports by Country

China dominates exports structure, amounting to X square meters, which was near X% of total exports in 2023. The following exporters - South Korea (X square meters) and Palestine (X square meters) - each accounted for a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Palestine (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing exporter exported in Asia, 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 Palestine (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 ($X) remains the largest textile wall covering supplier in Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Palestine (X% per year).

Export Prices by Country

In 2023, the export price in Asia 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 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Palestine ($X per square meter), while China ($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 Palestine (X%), while the other leaders experienced more modest paces of growth.

Textile Wall Covering Imports

Imports in Asia

In 2023, after two years of growth, there was significant decline in purchases abroad of textile wall coverings, when their volume decreased by X% to X square meters. Overall, imports showed a mild contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, textile wall covering imports contracted to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then fell in the following year.

Imports by Country

The United Arab Emirates represented the major importer of textile wall coverings in Asia, with the volume of imports accounting for X square meters, which was approx. X% of total imports in 2023. It was distantly followed by China (X square meters), Thailand (X square meters), Singapore (X square meters) and India (X square meters), together constituting a X% share of total imports. Kazakhstan (X square meters), South Korea (X square meters), Indonesia (X square meters), Turkey (X square meters), Japan (X square meters), Palestine (X square meters), Vietnam (X square meters) and Malaysia (X square meters) took a minor share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Indonesia (X%), Thailand (X%), India (X%), Kazakhstan (X%), Japan (X%), Turkey (X%), Singapore (X%), Vietnam (X%) and Palestine (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. By contrast, South Korea (X%), Malaysia (X%) and China (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Thailand (X p.p.), India (X p.p.), Indonesia (X p.p.), Singapore (X p.p.), Kazakhstan (X p.p.), Turkey (X p.p.) and Japan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Malaysia (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), China ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Thailand, Singapore, Turkey, Kazakhstan, South Korea, Palestine, Indonesia, Vietnam, Japan and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 amounted to $X per square meter, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per square meter. From 2015 to 2023, the import prices failed to regain momentum.

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