The price of SPC (Stone Plastic Composite) flooring in Malaysia has shown some variation over the past five years due to several factors including raw material costs, technological advancements, and market demand.
2019
- Price Range: RM 7 to RM 13 per square foot.
- Market Factors: The market for SPC flooring was growing steadily due to its durability, water resistance, and ease of installation.
- Example: Shandong Compass offered various SPC flooring products within this range, catering to both residential and commercial needs (Shandong Compass).
2020
- Price Range: RM 8 to RM 15 per square foot.
- Impact of COVID-19: The pandemic caused disruptions in the supply chain, leading to a slight increase in prices. However, there was also a rise in home renovation projects as people spent more time at home.
- Example: Decor Houz Interior’s SPC flooring prices reflected these changes, with an emphasis on their water-resistant and termite-proof features (DHI Flooring).
2021
- Price Range: RM 10 to RM 18 per square foot.
- Supply Chain Challenges: Continued issues with global logistics and raw material availability pushed prices higher. The demand for SPC flooring remained robust due to its superior performance compared to traditional vinyl or laminate flooring.
- Example: FloorInc highlighted their SPC 4mm Eternal Series, which gained popularity for its enhanced wear layer and sound-absorbing properties (FloorInc Marketing Malaysia).
2022
- Price Range: RM 9 to RM 16 per square foot.
- Market Stabilization: As supply chains improved and competition increased, prices began to stabilize. There was a significant expansion in the variety of SPC flooring designs available.
- Example: Everlasting Base provided a wide range of SPC flooring solutions, showcasing their products’ stability, eco-friendliness, and easy installation (Everlasting Base Sdn Bhd).
2023
- Price Range: RM 10 to RM 17 per square foot.
- Technological Advancements: Innovations in SPC flooring technology, such as improved locking mechanisms and more durable wear layers, influenced the price range. Additionally, aesthetic enhancements such as high-definition decorative layers became more common.
- Example: Shandong Compass continued to offer competitively priced SPC flooring with advanced features like deep embossing and micro-bevel edges (Shandong Compass).
Key Factors Influencing Prices
- Raw Material Costs: Fluctuations in the price of raw materials such as limestone powder and PVC affected the overall cost of SPC flooring.
- Technological Innovations: Advances in manufacturing processes and product features (e.g., better wear layers, UV coatings) often led to higher prices but also improved value.
- Supply Chain Issues: Global events, particularly the COVID-19 pandemic, caused significant disruptions in supply chains, impacting costs and availability.
- Market Demand: The rising popularity of SPC flooring due to its durability, water resistance, and low maintenance contributed to steady demand, supporting higher price points.
Example Products
- Shandong Compass: Offers a range of SPC flooring options with features like deep embossing, micro-bevel, and interlocking systems suitable for both residential and commercial use (Shandong Compass).
- FloorInc: Known for their SPC 4mm Eternal Series and other collections, emphasizing sound absorption and enhanced wear layers (FloorInc Marketing Malaysia).
- Decor Houz Interior: Provides luxury SPC vinyl plank and tile options, highlighting their water and termite-proof properties (DHI Flooring).
- Everlasting Base: Stocks a wide variety of SPC flooring solutions designed for high durability and ease of maintenance (Everlasting Base Sdn Bhd).
These examples reflect the broader trends in SPC flooring pricing and features over the past five years in Malaysia.
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