Asia-Pacific: Market for Plastic Doors, Windows And Their Frames 2024

Market Size for Plastic Doors, Windows And Their Frames in Asia-Pacific

The Asia-Pacific plastic doors and windows market was estimated at $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 9%. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Plastic Doors, Windows And Their Frames in Asia-Pacific

In value terms, plastic doors and windows production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Plastic Doors, Windows And Their Frames

Exports in Asia-Pacific

In 2022, overseas shipments of plastic doors, windows and their frames increased by 4.6% to X units, rising for the sixth consecutive year after two years of decline. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 29%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, plastic doors and windows exports rose sharply to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, China (X units) was the largest exporter of plastic doors, windows and their frames, committing 75% of total exports. It was distantly followed by Taiwan (Chinese) (X units) and South Korea (X units), together committing an 18% share of total exports. The following exporters - Vietnam (X units) and Thailand (X units) - together made up 4.6% of total exports.

Exports from China increased at an average annual rate of +8.3% from 2012 to 2022. At the same time, Vietnam (+10.7%), South Korea (+8.6%), Thailand (+7.6%) and Taiwan (Chinese) (+1.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.7% from 2012-2022. From 2012 to 2022, the share of China increased by +8.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic doors and windows supplier in Asia-Pacific, comprising 73% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total exports. It was followed by South Korea, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +6.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+1.8% per year) and South Korea (+8.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, approximately equating the previous year. Overall, the export price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2013 an increase of 1.2% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Taiwan (Chinese) ($X per unit) and Vietnam ($X per unit), while South Korea ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Plastic Doors, Windows And Their Frames

Imports in Asia-Pacific

In 2022, approx. X units of plastic doors, windows and their frames were imported in Asia-Pacific; with a decrease of -2.1% against the year before. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 24%. Over the period under review, imports hit record highs at X units in 2021, and then fell in the following year.

In value terms, plastic doors and windows imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Thailand (X units), distantly followed by India (X units), Japan (X units), Australia (X units), Indonesia (X units), Singapore (X units), the Philippines (X units) and South Korea (X units) represented the key importers of plastic doors, windows and their frames, together mixing up 81% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Singapore (with a CAGR of +13.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic doors and windows importing markets in Asia-Pacific were Japan ($X), Australia ($X) and Thailand ($X), together comprising 51% of total imports. Singapore, India, Indonesia, South Korea and the Philippines lagged somewhat behind, together comprising a further 28%.

In terms of the main importing countries, Singapore, with a CAGR of +13.7%, recorded the highest growth rate of the value of imports, 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 Asia-Pacific amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 9.5%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 Japan ($X per unit), while the Philippines ($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

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