Reasons for Frequent PVC Flooring Price Increases
Following December of 2020, the main PVC flooring manufacturers issued notices about the price increase of PVC flooring. In January and March of this year, major manufacturers reissued notices of the price increase. The price of PVC resin soared all the way, from ￥6000+ to ￥10000. The PVC flooring manufacturers suffered 10,000 crit damage!
Why are PVC flooring prices so frequently increased this year? Is it affected by the epidemic? Or some other reasons? Here are analyzes from Haoflor:
1. Affected by the epidemic, foreign PVC production companies are subject to certain restrictions. So it results in a sharp drop in PVC exports and a sharp increase in PVC flooring price.
2. With the arrival of the traditional domestic consumption peak season of “Golden Nine and Silver Ten” last year, coupled with the impact of the epidemic in the first half of last year, it delayed demand. In September 2020, consumption growth set off a new climax, and the high turnover of PVC pushed up the upstream. At the same time, the price of raw materials will inevitably lead to an increase in the price of PVC flooring.
3. From 2020 to the first quarter of 2021, the freight rate has become the focus of various industries’ attention. The container freight rate has hit a record high, and even the case is hard to find. The soaring freight has also directly led to a sharp increase in the price of PVC flooring.
4. Environmental inspections. The industry is affected every year. PVC just caught up, and manufacturers stopped the production for maintenance! Because as a member of the world, every country should take the responsibility of global citizen.
Even if the cost rises, Haoflor always insists on quality first and provides customers with high-quality homogeneous vinyl flooring. We insist that we should control the quality even this tough times.