Plastic Floor, Wall and Ceiling Coverings Market

The article discusses the global market for plastics used in floor, wall, and ceiling coverings. It presents a forecast for market performance from 2022 to 2030, predicting a steady increase in both volume and value terms. China emerges as a key player in consumption, production, and export of these plastics. The report also highlights trends in import and export, with a focus on PVC and non-PVC coverings. Overall, the data indicates a positive outlook for the industry with potential for growth in the coming years.

Market Forecast

Driven by increasing demand for floor, wall or ceiling coverings of plastics worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 8.9B square meters by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.9% for the period from 2022 to 2030, which is projected to bring the market value to $30.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Floor, Wall Or Ceiling Coverings Of Plastics

Global consumption of floor, wall or ceiling coverings of plastics declined to 6.7B square meters in 2022, waning by -6.5% compared with the year before. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.7% against 2020 indices. As a result, consumption reached the peak volume of 7.1B square meters, and then shrank in the following year.

The revenue of the market for floor, wall or ceiling coverings of plastics worldwide shrank modestly to $17.7B in 2022, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +46.5% against 2020 indices. As a result, consumption reached the peak level of $17.9B, and then fell in the following year.

Consumption By Country

China (1.6B square meters) remains the largest plastic floor, wall and ceiling coverings consuming country worldwide, accounting for 25% of total volume. Moreover, consumption of floor, wall or ceiling coverings of plastics in China exceeded the figures recorded by the second-largest consumer, the United States (725M square meters), twofold. Russia (403M square meters) ranked third in terms of total consumption with a 6% share.

In China, consumption of floor, wall or ceiling coverings of plastics expanded at an average annual rate of +7.6% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+9.0% per year) and Russia (-0.8% per year).

In value terms, China ($3.7B), the United States ($3.7B) and Germany ($807M) were the countries with the highest levels of market value in 2022, with a combined 46% share of the global market. Japan, Russia, the UK, Canada, Australia, Pakistan and India lagged somewhat behind, together comprising a further 19%.

Among the main consuming countries, Australia, with a CAGR of +16.1%, recorded the highest growth rate of market size over the period under review, while plastics for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of plastic floor, wall and ceiling coverings per capita consumption in 2022 were Canada (5.9 square meters per person), Australia (5.9 square meters per person) and the UK (4 square meters per person).

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +16.3%), while plastics for the other global leaders experienced more modest paces of growth.

Production

World Production of Floor, Wall Or Ceiling Coverings Of Plastics

In 2022, the amount of floor, wall or ceiling coverings of plastics produced worldwide shrank to 6.7B square meters, which is down by -8.4% against the year before. Overall, the total production indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +23.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, global production of hit record highs at 8.5B square meters in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, production of floor, wall or ceiling coverings of plastics declined modestly to $16.4B in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.1% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 29% against the previous year. Over the period under review, global production of reached the maximum level at $22.7B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of production of floor, wall or ceiling coverings of plastics was China (3.4B square meters), comprising approx. 51% of total volume. Moreover, production of floor, wall or ceiling coverings of plastics in China exceeded the figures recorded by the second-largest producer, South Korea (551M square meters), sixfold. Vietnam (426M square meters) ranked third in terms of total production with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +6.1%. In the other countries, the average annual rates were as follows: South Korea (+6.7% per year) and Vietnam (+29.3% per year).

Imports

World Imports of Floor, Wall Or Ceiling Coverings Of Plastics

In 2022, the amount of floor, wall or ceiling coverings of plastics imported worldwide expanded to 3.7B square meters, growing by 3.7% against the previous year's figure. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.3% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by 17% against the previous year. Global imports peaked at 5B square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of floor, wall or ceiling coverings of plastics stood at $13.9B in 2022. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 25%. Over the period under review, global imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Imports By Country

In 2022, the United States (762M square meters), distantly followed by the UK (286M square meters) and Canada (274M square meters) represented the largest importers of floor, wall or ceiling coverings of plastics, together making up 36% of total imports. The following importers - Australia (156M square meters), Germany (154M square meters), Russia (136M square meters), the Netherlands (114M square meters), Indonesia (89M square meters), France (82M square meters), South Africa (81M square meters), Malaysia (75M square meters), Belgium (72M square meters) and Iraq (65M square meters) - together made up 28% of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic floor, wall and ceiling coverings imports into the United States stood at +8.4%. At the same time, Iraq (+20.5%), Malaysia (+18.7%), Australia (+15.4%), the UK (+10.4%), the Netherlands (+10.0%), Canada (+9.8%), Indonesia (+8.0%), Russia (+5.6%), Belgium (+5.2%) and South Africa (+3.6%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the world, with a CAGR of +20.5% from 2012-2022. By contrast, Germany (-1.8%) and France (-6.7%) illustrated a downward trend over the same period. While the share of the United States (+4.8 p.p.), the UK (+2.8 p.p.), Australia (+2.5 p.p.) and Canada (+2.4 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Germany (-4.5 p.p.) and France (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($5.3B) constitutes the largest market for imported floor, wall or ceiling coverings of plastics worldwide, comprising 38% of global imports. The second position in the ranking was taken by Germany ($953M), with a 6.9% share of global imports. It was followed by Canada, with a 5.1% share.

In the United States, imports of floor, wall or ceiling coverings of plastics expanded at an average annual rate of +19.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+8.7% per year) and Canada (+9.5% per year).

Imports By Type

PVC floor, wall and ceiling coverings represented the main type of floor, wall or ceiling coverings of plastics in the world, with the volume of imports accounting for 3.1B square meters, which was approx. 85% of total imports in 2022. It was distantly followed by non-PVC floor, wall and ceiling coverings (556M square meters), mixing up a 15% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to PVC floor, wall and ceiling coverings imports of stood at +5.5%. At the same time, non-PVC floor, wall and ceiling coverings (+5.9%) displayed positive paces of growth. Moreover, non-PVC floor, wall and ceiling coverings emerged as the fastest-growing type imported in the world, with a CAGR of +5.9% from 2012-2022. The shares of the largest types remained relatively stable throughout the analyzed period.

In value terms, PVC floor, wall and ceiling coverings ($12.2B) constitutes the largest type of floor, wall or ceiling coverings of plastics imported worldwide, comprising 88% of global imports. The second position in the ranking was held by non-PVC floor, wall and ceiling coverings ($1.7B), with a 12% share of global imports.

For PVC floor, wall and ceiling coverings, imports expanded at an average annual rate of +11.1% over the period from 2012-2022.

Import Prices By Type

The average import price for floor, wall or ceiling coverings of plastics stood at $3.8 per square meter in 2022, flattening at the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for floor, wall or ceiling coverings of plastics increased by +84.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 51%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major imported products. In 2022, the product with the highest price was PVC floor, wall and ceiling coverings ($3.9 per square meter), while the price for non-PVC floor, wall and ceiling coverings amounted to $3.1 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by PVC floor, wall and ceiling coverings (+5.3%).

Import Prices By Country

The average import price for floor, wall or ceiling coverings of plastics stood at $3.8 per square meter in 2022, approximately reflecting the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for floor, wall or ceiling coverings of plastics increased by +84.0% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 51%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($6.9 per square meter), while South Africa ($0.6 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Floor, Wall Or Ceiling Coverings Of Plastics

In 2022, overseas shipments of floor, wall or ceiling coverings of plastics decreased by -0.3% to 3.7B square meters, falling for the third consecutive year after eight years of growth. Overall, exports, however, continue to indicate pronounced growth. The pace of growth was the most pronounced in 2017 when exports increased by 24%. Over the period under review, the global exports of hit record highs at 6.5B square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics stood at $14.8B in 2022. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. Over the period under review, the global exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports By Country

China represented the largest exporter of floor, wall or ceiling coverings of plastics in the world, with the volume of exports recording 1.8B square meters, which was approx. 48% of total exports in 2022. South Korea (538M square meters) ranks second in terms of the total exports with a 15% share, followed by Vietnam (11%). The following exporters - Belgium (130M square meters), Taiwan (Chinese) (101M square meters), the Netherlands (76M square meters) and Turkey (57M square meters) - together made up 9.8% of total exports.

Exports from China increased at an average annual rate of +4.3% from 2012 to 2022. At the same time, Vietnam (+50.3%), the Netherlands (+14.1%), Turkey (+12.2%), South Korea (+9.2%) and Taiwan (Chinese) (+9.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +50.3% from 2012-2022. Belgium experienced a relatively flat trend pattern. Vietnam (+11 p.p.), South Korea (+5.8 p.p.) and China (+2.5 p.p.) significantly strengthened its position in terms of the global exports, while Belgium saw its share reduced by -2.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($8.2B) remains the largest plastic floor, wall and ceiling coverings supplier worldwide, comprising 55% of global exports. The second position in the ranking was held by Vietnam ($1B), with a 6.9% share of global exports. It was followed by Belgium, with a 6.8% share.

In China, exports of floor, wall or ceiling coverings of plastics expanded at an average annual rate of +15.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+49.8% per year) and Belgium (+8.6% per year).

Exports By Type

PVC floor, wall and ceiling coverings was the largest exported product with an export of about 3.3B square meters, which accounted for 89% of total exports. It was distantly followed by non-PVC floor, wall and ceiling coverings (415M square meters), making up an 11% share of total exports.

PVC floor, wall and ceiling coverings was also the fastest-growing in terms of exports, with a CAGR of +4.1% from 2012 to 2022. At the same time, non-PVC floor, wall and ceiling coverings (+1.7%) displayed positive paces of growth. PVC floor, wall and ceiling coverings (+2.5 p.p.) significantly strengthened its position in terms of the global exports, while non-PVC floor, wall and ceiling coverings saw its share reduced by -2.5% from 2012 to 2022, respectively.

In value terms, PVC floor, wall and ceiling coverings ($12.4B) remains the largest type of floor, wall or ceiling coverings of plastics supplied worldwide, comprising 84% of global exports. The second position in the ranking was taken by non-PVC floor, wall and ceiling coverings ($2.4B), with a 16% share of global exports.

For PVC floor, wall and ceiling coverings, exports expanded at an average annual rate of +10.6% over the period from 2012-2022.

Export Prices By Type

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $4 per square meter, remaining constant against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 87%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was non-PVC floor, wall and ceiling coverings ($5.9 per square meter), while the average price for exports of PVC floor, wall and ceiling coverings stood at $3.8 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by non-PVC floor, wall and ceiling coverings (+7.3%).

Export Prices By Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $4 per square meter, almost unchanged from the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 an increase of 87% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($7.8 per square meter), while South Korea ($1.5 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform