Overview of the Market for Plastic Floor, Wall and Ceiling Coverings in China
Market Overview
In 
, the Chinese market for floor, wall or ceiling coverings of plastics increased by % to $ for the first time since 2014, thus ending a five-year declining trend. Overall, consumption, however, showed a sharp decline. The most prominent rate of growth was recorded in 2008 when the market value increased by % y-o-y. Consumption peaked at $ in 2009; however, from 2010 to , consumption failed to regain the momentum.
In value terms, production of floor, wall or ceiling coverings of plastics reached $ in estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Over the period under review, production attained the maximum level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
, the Chinese market for floor, wall or ceiling coverings of plastics increased by % to $ for the first time since 2014, thus ending a five-year declining trend. Overall, consumption, however, showed a sharp decline. The most prominent rate of growth was recorded in 2008 when the market value increased by % y-o-y. Consumption peaked at $ in 2009; however, from 2010 to , consumption failed to regain the momentum.In value terms, production of floor, wall or ceiling coverings of plastics reached $
in estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Over the period under review, production attained the maximum level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , after ten years of decline, there was growth in consumption of floor, wall or ceiling coverings of plastics, when its volume increased by % to square meters. Overall, consumption, however, faced a sharp decline. Over the period under review, consumption attained the maximum volume at square meters in 2009; however, from 2010 to , consumption remained at a lower figure.
The revenue of the market for floor, wall or ceiling coverings of plastics in China was estimated at $ 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). In general, consumption, however, recorded a precipitous descent. The pace of growth appeared the most rapid in 2008 with an increase of % y-o-y. Over the period under review, the market attained the maximum level at $ in 2009; however, from 2010 to , consumption remained at a lower figure.
, after ten years of decline, there was growth in consumption of floor, wall or ceiling coverings of plastics, when its volume increased by % to square meters. Overall, consumption, however, faced a sharp decline. Over the period under review, consumption attained the maximum volume at square meters in 2009; however, from 2010 to , consumption remained at a lower figure.The revenue of the market for floor, wall or ceiling coverings of plastics in China was estimated at $
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). In general, consumption, however, recorded a precipitous descent. The pace of growth appeared the most rapid in 2008 with an increase of % y-o-y. Over the period under review, the market attained the maximum level at $ in 2009; however, from 2010 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for plastic floor, wall and ceiling coverings in China, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to square meters by the end of .
% for the period from to , which is projected to depress the market volume to square meters by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in China increased significantly over the last thirteen years (from % to %).
% to %).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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