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

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

The South Asian market for floor, wall or ceiling coverings of plastics expanded to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

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

In value terms, production of floor, wall or ceiling coverings of plastics stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports in Southern Asia

In 2023, overseas shipments of floor, wall or ceiling coverings of plastics increased by X% to X square meters, rising for the third year in a row after four years of decline. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum in 2023 and are likely to continue growth in years to come.

In value terms, exports of floor, wall or ceiling coverings of plastics expanded rapidly to $X in 2023. Overall, exports, however, continue to indicate a noticeable decline. 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 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of floor, wall or ceiling coverings of plastics, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the floor, wall or ceiling coverings of plastics exports, with a CAGR of X% from 2012 to 2023. India (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest plastic floor, wall and ceiling coverings supplier in Southern Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in India stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per square meter in 2023, falling by X% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2020 to 2023, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports in Southern Asia

In 2023, purchases abroad of floor, wall or ceiling coverings of plastics decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. Total imports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters, and then reduced in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics contracted dramatically to $X in 2023. Total imports indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

India dominates plastics structure, amounting to X square meters, which was near X% of total imports in 2023. It was distantly followed by Nepal (X square meters), making up an X% share of total imports. The following importers - Bangladesh (X square meters), Afghanistan (X square meters), Sri Lanka (X square meters), Maldives (X square meters) and Pakistan (X square meters) - together made up X% of total imports.

India was also the fastest-growing in terms of the floor, wall or ceiling coverings of plastics imports, with a CAGR of X% from 2012 to 2023. At the same time, Nepal (X%), Maldives (X%) and Pakistan (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%), Bangladesh (X%) and Afghanistan (X%) illustrated a downward trend over the same period. India (X p.p.) and Nepal (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan, Sri Lanka, Bangladesh and Afghanistan saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, imports of floor, wall or ceiling coverings of plastics expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Nepal (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per square meter, falling by X% against the previous year. Overall, the import price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2014 when the import price increased by X%. The level of import peaked at $X per square meter in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per square meter), while Nepal ($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 Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform