Market for Plastic Floor, Wall and Ceiling Coverings in China
Market Overview
The Chinese market for floor, wall or ceiling coverings of plastics skyrocketed to $
in , increasing by % against 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). Over the period under review, consumption recorded a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
In value terms, production of floor, wall or ceiling coverings of plastics declined to $ in estimated in export price. Over the period under review, production, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in , and then dropped in the following year.
in , increasing by % against 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). Over the period under review, consumption recorded a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.In value terms, production of floor, wall or ceiling coverings of plastics declined to $
in estimated in export price. Over the period under review, production, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in , and then dropped in the following year.Consumption
In , approx. square meters of floor, wall or ceiling coverings of plastics were consumed in China; rising by % on the previous year. In general, consumption saw a strong increase. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.
The revenue of the market for floor, wall or ceiling coverings of plastics in China skyrocketed to $ in , jumping by % against 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). Overall, consumption showed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
, approx. square meters of floor, wall or ceiling coverings of plastics were consumed in China; rising by % on the previous year. In general, consumption saw a strong increase. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.The revenue of the market for floor, wall or ceiling coverings of plastics in China skyrocketed to $
in , jumping by % against 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). Overall, consumption showed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.Market Forecast
Driven by increasing demand for plastic floor, wall and ceiling coverings in China, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to square meters by the end of .
% for the period from to , which is projected to bring the market volume to square meters by the end of .Market Structure
Over the period under review, the share of imports in terms of total plastic floor, wall and ceiling coverings consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China plastic floor, wall and ceiling coverings market is largely supplied by domestic manufacturers.
% figure. In value terms the share of imports also stood at a low figure, which means that the China plastic floor, wall and ceiling coverings market is largely supplied by domestic manufacturers.Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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