Latin America and the Caribbean: Market for Non-PVC Floor, Wall and Ceiling Coverings 2024

Market Size for Non-PVC Floor, Wall and Ceiling Coverings in Latin America and the Caribbean

In 2023, the Latin American market for non-PVC floor, wall and ceiling coverings increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated prominent growth from 2012 to 2023: its value 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Production of Non-PVC Floor, Wall and Ceiling Coverings in Latin America and the Caribbean

In value terms, production of non-PVC floor, wall and ceiling coverings contracted to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 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.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports in Latin America and the Caribbean

In 2023, approx. X square meters of non-PVC floor, wall and ceiling coverings were exported in Latin America and the Caribbean; jumping by X% on the previous year's figure. Over the period under review, exports saw a tangible expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of attained the maximum in 2023 and are expected to retain growth in years to come.

In value terms, exports of non-PVC floor, wall and ceiling coverings soared to $X in 2023. In general, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico dominates coverings structure, resulting at X square meters, which was near X% of total exports in 2023. Paraguay (X square meters) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%) and Chile (X%). El Salvador (X square meters), Guatemala (X square meters) and Costa Rica (X square meters) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to non-PVC floor, wall and ceiling coverings exports from Mexico stood at X%. At the same time, Paraguay (X%), Guatemala (X%) and El Salvador (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Costa Rica (X%), Brazil (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Paraguay (X p.p.) and Guatemala (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Costa Rica (X p.p.), Brazil (X p.p.) and Chile (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest non-PVC floor, wall and ceiling coverings supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

In Mexico, exports of non-PVC floor, wall and ceiling coverings increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Paraguay (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per square meter in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per square meter in 2017; afterwards, it flattened through to 2023.

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

Imports of Non-PVC Floor, Wall and Ceiling Coverings

Imports in Latin America and the Caribbean

In 2023, the amount of non-PVC floor, wall and ceiling coverings imported in Latin America and the Caribbean skyrocketed to X square meters, jumping by X% against the previous year's figure. Overall, imports saw a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2023 and is likely to see steady growth in the immediate term.

In value terms, imports of non-PVC floor, wall and ceiling coverings reached $X in 2023. Total imports indicated a moderate increase from 2012 to 2023: its value 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Mexico (X square meters), distantly followed by Chile (X square meters), Argentina (X square meters), the Dominican Republic (X square meters), Brazil (X square meters) and Ecuador (X square meters) were the key importers of non-PVC floor, wall and ceiling coverings, together comprising X% of total imports. The following importers - Peru (X square meters), Colombia (X square meters), Uruguay (X square meters), Guatemala (X square meters), Guyana (X square meters), Nicaragua (X square meters) and Panama (X square meters) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uruguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-PVC floor, wall and ceiling coverings importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and the Dominican Republic ($X), with a combined X% share of total imports. Brazil, Argentina, Ecuador, Peru, Colombia, Uruguay, Guatemala, Nicaragua, Panama and Guyana lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Panama, 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 Latin America and the Caribbean amounted to $X per square meter, dropping by X% against the previous year. Overall, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Peru ($X per square meter), while Guyana ($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 Guyana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform