Republic of Korea: Market for Non-PVC Floor, Wall and Ceiling Coverings 2024

Market Size for Non-PVC Floor, Wall and Ceiling Coverings in Republic of Korea

The South Korean market for non-PVC floor, wall and ceiling coverings declined to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, recorded a remarkable increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Non-PVC Floor, Wall and Ceiling Coverings in Republic of Korea

In value terms, production of non-PVC floor, wall and ceiling coverings reduced to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports from Republic of Korea

In 2022, after three years of growth, there was significant decline in overseas shipments of non-PVC floor, wall and ceiling coverings, when their volume decreased by X% to X square meters. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-PVC floor, wall and ceiling coverings reduced to $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X square meters), Japan (X square meters) and Taiwan (Chinese) (X square meters) were the main destinations of exports of non-PVC floor, wall and ceiling coverings from South Korea, with a combined X% share of total exports. The United States, Russia, the Philippines, Colombia, Indonesia, Vietnam and American Samoa lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for non-PVC floor, wall and ceiling coverings exported from South Korea worldwide, together accounting for X% of total exports. The United States, Russia, Indonesia, Vietnam, the Philippines, Colombia and American Samoa lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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 most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Colombia ($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 the Philippines (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 Republic of Korea

After four years of growth, purchases abroad of non-PVC floor, wall and ceiling coverings decreased by X% to X square meters in 2022. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X square meters in 2021, and then contracted sharply in the following year.

In value terms, imports of non-PVC floor, wall and ceiling coverings dropped significantly to $X in 2022. In general, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X square meters) was the main supplier of non-PVC floor, wall and ceiling coverings to South Korea, with a X% share of total imports. Moreover, imports of non-PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X square meters), more than tenfold.

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

In value terms, China ($X) constituted the largest supplier of non-PVC floor, wall and ceiling coverings to South Korea, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average import price for non-PVC floor, wall and ceiling coverings amounted to $X per square meter, flattening at the previous year. Over the period under review, the import price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the price for the UK ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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