Asia-Pacific: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Asia-Pacific

The Asia-Pacific plastic shutters and blinds market expanded modestly to $X in 2022, growing by 4.8% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Plastic Shutters And Blinds in Asia-Pacific

In value terms, plastic shutters and blinds production expanded modestly to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 34% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Plastic Shutters And Blinds

Exports in Asia-Pacific

In 2022, exports of plastic shutters and blinds in Asia-Pacific reduced to X units, waning by -12.8% on the previous year. Over the period under review, exports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 6.2% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plastic shutters and blinds exports contracted to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +67.0% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 19% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

China was the main exporter of plastic shutters and blinds in Asia-Pacific, with the volume of exports reaching X units, which was near 66% of total exports in 2022. Cambodia (X units) ranks second in terms of the total exports with a 16% share, followed by Vietnam (9.1%) and Taiwan (Chinese) (6.1%).

Exports from China decreased at an average annual rate of -7.0% from 2012 to 2022. At the same time, Cambodia (+52.5%), Vietnam (+29.4%) and Taiwan (Chinese) (+2.8%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +52.5% from 2012-2022. Cambodia (+16 p.p.), Vietnam (+8.6 p.p.) and Taiwan (Chinese) (+3 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -27.4% from 2012 to 2022, respectively.

In value terms, the largest plastic shutters and blinds supplying countries in Asia-Pacific were China ($X), Cambodia ($X) and Vietnam ($X), together comprising 90% of total exports.

Among the main exporting countries, Cambodia, with a CAGR of +56.3%, saw the highest growth rate of 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

In 2022, the export price in Asia-Pacific amounted to $X per unit, growing by 9.4% against the previous year. In general, the export price posted a strong increase. The pace of growth appeared the most rapid in 2015 when the export price increased by 18%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports in Asia-Pacific

Plastic shutters and blinds imports contracted slightly to X units in 2022, shrinking by -3.1% on the year before. Overall, imports showed a slight setback. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, plastic shutters and blinds imports stood at $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +14.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Australia (X units) represented the major importer of plastic shutters and blinds, generating 43% of total imports. Thailand (X units) held a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (8.1%), the Philippines (7.3%) and Taiwan (Chinese) (4.9%). Japan (X units), Vietnam (X units), New Zealand (X units), Malaysia (X units), India (X units), China (X units) and South Korea (X units) took a minor share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of plastic shutters and blinds. At the same time, Vietnam (+15.5%), Taiwan (Chinese) (+12.4%), Malaysia (+8.5%), Thailand (+7.7%), New Zealand (+6.2%), the Philippines (+5.8%) and Indonesia (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +15.5% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, India (-3.2%), Japan (-6.4%) and China (-13.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Taiwan (Chinese), the Philippines, Vietnam, Australia, Malaysia, New Zealand and Indonesia increased by +5.5, +3.5, +3.5, +3.4, +2.9, +2.1, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported plastic shutters and blinds in Asia-Pacific, comprising 61% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 6.1% share of total imports. It was followed by New Zealand, with a 5.2% share.

In Australia, plastic shutters and blinds imports expanded at an average annual rate of +10.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+19.6% per year) and New Zealand (+11.5% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, surging by 4.3% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic shutters and blinds import price increased by +74.1% against 2013 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 28% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 China ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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