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

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

The Asia-Pacific market for floor, wall or ceiling coverings of plastics expanded markedly to $X in 2023, growing by X% against the previous year. The total consumption indicated a buoyant expansion 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 2016 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

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

In value terms, production of floor, wall or ceiling coverings of plastics amounted to $X in 2023 estimated in export price. In general, production showed buoyant growth. The most prominent rate of growth was recorded in 2017 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 remained at a lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports in Asia-Pacific

After two years of growth, shipments abroad of floor, wall or ceiling coverings of plastics decreased by X% to X square meters in 2023. Overall, exports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X square meters in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics shrank to $X in 2023. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2022, and then fell in the following year.

Exports by Country

In 2023, China (X square meters) was the key exporter of floor, wall or ceiling coverings of plastics, comprising X% of total exports. South Korea (X square meters) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%). The following exporters - Taiwan (Chinese) (X square meters), India (X square meters) and Malaysia (X square meters) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Malaysia (X%), India (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. While the share of Vietnam (X p.p.), South Korea (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports 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 ($X) remains the largest plastic floor, wall and ceiling coverings supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per square meter in 2023, waning by X% against the previous year. In general, the export price, however, saw buoyant growth. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2022, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per square meter), while Malaysia ($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 China (X%), while the other leaders experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports in Asia-Pacific

After two years of growth, purchases abroad of floor, wall or ceiling coverings of plastics decreased by X% to X square meters in 2023. Total imports indicated a strong increase from 2012 to 2023: its volume 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X square meters in 2022, and then dropped in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics dropped to $X in 2023. Total imports indicated a noticeable expansion 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. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2022, and then declined in the following year.

Imports by Country

In 2023, Australia (X square meters), Indonesia (X square meters), Malaysia (X square meters), Taiwan (Chinese) (X square meters), Singapore (X square meters), the Philippines (X square meters), Japan (X square meters), India (X square meters), South Korea (X square meters), Vietnam (X square meters), Thailand (X square meters) and Democratic People's Republic of Korea (X square meters) was the major importer of floor, wall or ceiling coverings of plastics in Asia-Pacific, creating X% of total import.

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

In value terms, Australia ($X) constitutes the largest market for imported floor, wall or ceiling coverings of plastics in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In Australia, imports of floor, wall or ceiling coverings of plastics increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per square meter in 2023, approximately equating the previous year. Over the period under review, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per square meter in 2013; however, from 2014 to 2023, import prices remained at a 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 Thailand ($X per square meter), while the Philippines ($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 Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform