ASEAN: Market for Plastic Doors, Windows And Their Frames 2024

Market Size for Plastic Doors, Windows And Their Frames in ASEAN

The ASEAN plastic doors and windows market was estimated at $X in 2022, with an increase of 2.5% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Plastic Doors, Windows And Their Frames in ASEAN

In value terms, plastic doors and windows production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 19%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Plastic Doors, Windows And Their Frames

Exports in ASEAN

After three years of growth, shipments abroad of plastic doors, windows and their frames decreased by -7.9% to X units in 2022. Overall, exports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 140% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic doors and windows exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2014 when exports increased by 161% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Vietnam (X units) represented the main exporter of plastic doors, windows and their frames, achieving 54% of total exports. Thailand (X units) took the second position in the ranking, distantly followed by Malaysia (X units). All these countries together held approx. 42% share of total exports. The Philippines (X units) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of +35.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest plastic doors and windows supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising 94% of total exports. The Philippines lagged somewhat behind, accounting for a further 3%.

Among the main exporting countries, the Philippines, with a CAGR of +20.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, reducing by -6.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.8%), while the other leaders experienced a decline in the export price figures.

Imports of Plastic Doors, Windows And Their Frames

Imports in ASEAN

In value terms, plastic doors and windows imports surged to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +147.6% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Thailand represented the key importer of plastic doors, windows and their frames in ASEAN, with the volume of imports resulting at X units, which was approx. 48% of total imports in 2022. Indonesia (X units) ranks second in terms of the total imports with a 13% share, followed by Singapore (12%), the Philippines (10%) and Cambodia (6.3%). The following importers - Myanmar (X units) and Vietnam (X units) - together made up 7.2% of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic doors and windows imports into Thailand stood at +11.6%. At the same time, Cambodia (+17.4%), Singapore (+13.5%), Vietnam (+13.0%) and Myanmar (+10.3%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +17.4% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, the Philippines (-3.3%) illustrated a downward trend over the same period. While the share of Thailand (+20 p.p.), Singapore (+6.2 p.p.), Cambodia (+4 p.p.) and Vietnam (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (-11 p.p.) and the Philippines (-15.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, with a combined 76% share of total imports. Cambodia, the Philippines, Vietnam and Myanmar lagged somewhat behind, together accounting for a further 21%.

Cambodia, with a CAGR of +21.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, increasing by 3.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 an increase of 29% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform