PVC: Exports of floor covering products are still at a high level in July, and the high level may fall back in the later period
Recently, China Customs announced the export data of China's PVC floor covering products in July. Although the export volume of floor covering products in July was still at a high level, it fell month-on-month. Recently, domestic product companies said that they received fewer new orders and the start of construction declined. It is expected that the export volume of floor covering products may drop from a high level in the later period.
In July, China's PVC floor covering products exports fell slightly from the previous month, but they are still high.
According to China Customs data, in July 2022, the export volume of China's PVC powder floor covering products was 499,200 tons, an increase of 5.88% over the same period last year and a month-on-month decrease of 3.24%. From January to July, the cumulative export volume of floor covering products was 3.2684 million tons. The export volume of floor covering products was still high in July, mainly due to the delivery of the remaining orders in the previous period.
China's PVC floor covering products export trading partners are still mainly European and American countries.
Some countries in North America and Europe still occupy the main position of China's PVC floor covering products export trading partners. Among them, the United States is still the country with the largest export flow of China's PVC floor covering products. In July, the PVC floor covering products exported to the United States still accounted for the overall export volume. 46.34% of the total export volume, except for Canada, which accounted for a relatively large proportion of other exports, mostly European countries. The export of floor covering products to the United States accounts for the highest proportion, mainly because in the decoration concept of European and American countries, the floor has more attributes of consumer goods, and the replacement frequency is relatively high floor. However, the domestic production capacity of PVC flooring in the United States is limited, and the PVC flooring it needs is heavily dependent on imports. Therefore, China's PVC flooring products export to the United States accounts for the largest proportion.
In the later period, the export volume of PVC floor covering products may drop from a high level.
Although the export volume of domestic PVC floor covering products maintained a high level in July, it was found through research that the start-up of PVC floor covering products enterprises began to decline in late June, and some fell to about 50%. Flooring products companies started to decline, mainly because as the previous orders were gradually executed, the new orders were not good.
The poor performance of new orders is mainly due to the fact that, on the one hand, dealers in the United States have a high inventory of finished products for floor coverings. Since the supply chain crisis in 2020, dealers in the United States have been stocking up. If the tariffs on the mainland are cancelled, the price of floor covering products will be lower than that of Vietnam. At present, American dealers have a strong wait-and-see attitude. Third, the floor has a certain correlation with real estate and durable consumer goods. There is some pressure.
Therefore, when the inventory of finished products is high, American dealers are less motivated to purchase. However, due to the lack of new orders received by domestic floor covering products enterprises, the export volume of floor covering products may drop from a high level after the previous orders have been executed one after another.
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