Eastern Asia: Textile Wall Covering Market 2024

Textile Wall Covering Market Size in Eastern Asia

In 2023, the East Asian textile wall covering market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a mild reduction. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Textile Wall Covering Production in Eastern Asia

In value terms, textile wall covering production totaled $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

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Textile Wall Covering Exports

Exports in Eastern Asia

In 2023, overseas shipments of textile wall coverings decreased by X% to X square meters, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked 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 declined to $X in 2023. Over the period under review, exports, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

China prevails in exports structure, finishing at X square meters, which was approx. X% of total exports in 2023. South Korea (X square meters) followed a long way behind the leaders.

China was also the fastest-growing in terms of the textile wall coverings exports, with a CAGR of X% from 2012 to 2023. South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points.

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

From 2012 to 2023, the average annual growth rate of value in China stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per square meter in 2023, with an increase of X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2023, the export prices remained at a 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 stood at $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Textile Wall Covering Imports

Imports in Eastern Asia

In 2023, imports of textile wall coverings in Eastern Asia fell slightly to X square meters, which is down by X% against the previous year's figure. Over the period under review, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked 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 modestly to $X in 2023. Overall, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X square meters) represented the main importer of textile wall coverings, mixing up X% of total imports. South Korea (X square meters) took the second position in the ranking, followed by Japan (X square meters), Hong Kong SAR (X square meters) and Taiwan (Chinese) (X square meters). All these countries together took near X% share of total imports. Macao SAR (X square meters) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to textile wall covering imports into China stood at X%. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%), South Korea (X%), Macao SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), South Korea (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total imports from 2012-2023, 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 ($X) constitutes the largest market for imported textile wall coverings in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In China, textile wall covering imports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per square meter, approximately mirroring the previous year. Import price indicated strong growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, textile wall covering import price decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per square meter; afterwards, it flattened through to 2023.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while Japan ($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 Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform