South-Eastern Asia: Wallpaper Market 2024

Wallpaper Market Size in South-Eastern Asia

The Southeast Asian wallpaper market rose slightly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Wallpaper Production in South-Eastern Asia

In value terms, wallpaper production stood at $X in 2023 estimated in export price. In general, production, however, recorded a slight slump. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Wallpaper Exports

Exports in South-Eastern Asia

In 2023, shipments abroad of wallpaper and wall coverings decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, wallpaper exports dropped sharply to $X in 2023. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Malaysia was the major exporter of wallpaper and wall coverings in South-Eastern Asia, with the volume of exports recording X tons, which was near X% of total exports in 2023. Vietnam (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (X%) and Thailand (X%). Singapore (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Malaysia experienced a relatively flat trend pattern with regard to volume of exports of wallpaper and wall coverings. At the same time, the Philippines (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%), Vietnam (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Malaysia, the Philippines, Thailand and Indonesia increased by X, X, X and X percentage points, respectively.

In value terms, Malaysia ($X), the Philippines ($X) and Singapore ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, showed a tangible expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then reduced dramatically 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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Wallpaper Imports

Imports in South-Eastern Asia

After two years of growth, supplies from abroad of wallpaper and wall coverings decreased by X% to X tons in 2023. Total imports indicated measured growth 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 pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, wallpaper imports stood at $X in 2023. In general, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

Vietnam was the largest importing country with an import of around X tons, which accounted for X% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%) and Malaysia (X%). The Philippines (X tons) and Cambodia (X tons) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Cambodia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported wallpaper and wall coverings in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

In Vietnam, wallpaper imports expanded 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: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a slight expansion from 2012 to 2023: its price 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, wallpaper import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform