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

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

The East Asian market for floor, wall or ceiling coverings of plastics contracted rapidly to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, posted a prominent expansion. As a result, consumption reached the peak level of $X, and then shrank sharply in the following year.

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

In value terms, production of floor, wall or ceiling coverings of plastics shrank to $X in 2022 estimated in export price. In general, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports in Eastern Asia

In 2022, overseas shipments of floor, wall or ceiling coverings of plastics decreased by X% to X square meters, falling for the third consecutive year after eight years of growth. Over the period under review, exports, however, continue to indicate a resilient 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 remained at a lower figure.

In value terms, exports of floor, wall or ceiling coverings of plastics dropped modestly to $X in 2022. Overall, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

China was the largest exporting country with an export of around X square meters, which recorded X% of total exports. It was distantly followed by South Korea (X square meters), mixing up a X% share of total exports. Taiwan (Chinese) (X square meters) took a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Korea increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, 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 Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per square meter, with an increase of X% against the previous year. In general, the export price saw buoyant growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue 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 Eastern Asia

In 2022, the amount of floor, wall or ceiling coverings of plastics imported in Eastern Asia shrank to X square meters, declining by X% against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X square meters, and then declined in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics declined to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

The purchases of the three major importers of floor, wall or ceiling coverings of plastics, namely Taiwan (Chinese), Japan and South Korea, represented more than two-thirds of total import. Democratic People's Republic of Korea (X square meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%). China (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic floor, wall and ceiling coverings importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and China ($X), with a combined X% share of total imports.

Taiwan (Chinese), 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 2022, the import price in Eastern Asia amounted to $X per square meter, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per square meter in 2013; however, from 2014 to 2022, import prices remained at a 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 China ($X per square meter), while Taiwan (Chinese) ($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 import price figures.

Source: IndexBox Platform

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