Vinyl Flooring Imports Up 0.3% YOY in October

Charlotte, NC, December 16, 2024-Imports of vinyl flooring saw a very modest increase in October, up 0.3% year over year, following a decrease last month and uneven results this year, reports Truist. 

Overall, year-to-date units are up 3.2%. Units from China, the largest source of material, saw a unit decrease of 44.7% and South Korea saw a notable gain of 86.3% year over year, for eight months of strong gains. Marketshare shifts out of China reflect the struggle of lower-end residential LVT, with South Korean gains coming mostly in non-residential, in our view.