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Non wood wood look competition on top of these concerns growing demand for resilient non wood wood look floor coverings such as lvt laminate wpc and tile are taking market share from nwfa members.
China wood flooring industry. There are 59 229 wood flooring prices suppliers mainly located in asia. This has caused a slowdown in growth rate the sales volume reached 390 million square meters with a decline of 2 8 year on year. Description the chinese flooring industry is growing at a pace of more than 10 a year. China s wood flooring industry will show trends as follows.
A wide variety of wood flooring prices options are available to you such as oak flooring merbau flooring and teak flooring. 4 4 1 china laminate wood flooring production. Engineered hardwood flooring follows with a rising share year by year at least 20 of total wood flooring sales. With the better standard of living and the people s desire for elegant life wood flooring sees a rising share in the flooring industry of china up from 33 9 in 2009 to 38 9 in 2018 just.
According to a new report by grand view research the global wood and laminate flooring market size is expected to reach usd 90 46 billion by 2025 expanding at a compound annual growth rate of 5 3. Chinese tariffs slapped on exports of red oak walnut and other hardwoods have cut almost 50 percent of the revenue in the industry since 2017 according to the american hardwood export council. Production of wood and laminated flooring in 2007 has been more than 360 million square meters a year against 216 million in 2003. 5 imported flooring will lose its competitive edge.
Factors such as the natural look and feel offered by solid wood flooring coupled with the growing need for aesthetic improvements in the. Wood flooring industry in china the industry. 3 the industry will become increasingly concentrated. The top supplying country or region is china which supply 100 of wood flooring prices respectively.
4 penetration of wood flooring is on the rise. The flooring industry in china has been affected by the depressed real estate sector in the year 2014. 2 solid wood flooring with heating system will usher in a period of growth. By product laminate wood flooring as the mainstay of wood flooring industry in china always accounts for over 50 of total wood flooring sales but the share is on the decline.
About 14 of these are engineered flooring 14 are plastic flooring and 3 are wood flooring.
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