Hong Kong SAR, China: Market for Non-PVC Floor, Wall and Ceiling Coverings 2024

Market Size for Non-PVC Floor, Wall and Ceiling Coverings in Hong Kong SAR, China

In 2022, the Hong Kong market for non-PVC floor, wall and ceiling coverings decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a prominent increase. Consumption of peaked at $X in 2021, and then shrank rapidly in the following year.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports from Hong Kong SAR, China

In 2022, shipments abroad of non-PVC floor, wall and ceiling coverings was finally on the rise to reach X square meters for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of non-PVC floor, wall and ceiling coverings skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X square meters), China (X square meters) and Macao SAR (X square meters) were the main destinations of exports of non-PVC floor, wall and ceiling coverings from Hong Kong SAR, with a combined X% share of total exports. Belgium, the UK, Taiwan (Chinese), France and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X) remains the key foreign market for non-PVC floor, wall and ceiling coverings exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Belgium (X% per year).

Export Prices by Country

The average export price for non-PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, surging by X% against the previous year. In general, the export price posted strong growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to the UK ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-PVC Floor, Wall and Ceiling Coverings

Imports into Hong Kong SAR, China

After two years of growth, supplies from abroad of non-PVC floor, wall and ceiling coverings decreased by X% to X square meters in 2022. Overall, imports, however, posted strong growth. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X square meters in 2021, and then shrank rapidly in the following year.

In value terms, imports of non-PVC floor, wall and ceiling coverings contracted significantly to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, China (X square meters) was the main supplier of non-PVC floor, wall and ceiling coverings to Hong Kong SAR, accounting for a X% share of total imports. It was followed by Vietnam (X square meters), with a X% share of total imports. The third position in this ranking was taken by Germany (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of non-PVC floor, wall and ceiling coverings to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

The average import price for non-PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Vietnam ($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 the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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