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

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

The Asian plastic doors and windows market stood at $X in 2022, standing approx. at the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -0.9% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Plastic Doors, Windows And Their Frames in Asia

In value terms, plastic doors and windows production reduced to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.2% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 32%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Plastic Doors, Windows And Their Frames

Exports in Asia

In 2022, shipments abroad of plastic doors, windows and their frames increased by 4.5% to X units, rising for the sixth consecutive year after three years of decline. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +77.2% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, plastic doors and windows exports rose markedly to $X in 2022. Total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +75.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

China represented the main exporter of plastic doors, windows and their frames in Asia, with the volume of exports resulting at X units, which was approx. 55% of total exports in 2022. Turkey (X units) ranks second in terms of the total exports with a 25% share, followed by Taiwan (Chinese) (7.9%) and South Korea (5.2%). Vietnam (X units) held a relatively small share 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%) and Taiwan (Chinese) (+1.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +10.7% from 2012-2022. Turkey experienced a relatively flat trend pattern. China (+17 p.p.) and South Korea (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and Turkey saw its share reduced by -2.5% and -17.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic doors and windows supplier in Asia, comprising 54% of total exports. The second position in the ranking was held by Turkey ($X), with a 25% share of total exports. It was followed by Taiwan (Chinese), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +6.0%. In the other countries, the average annual rates were as follows: Turkey (+0.4% per year) and Taiwan (Chinese) (+1.8% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, surging by 2.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 2.8% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plastic Doors, Windows And Their Frames

Imports in Asia

After two years of growth, supplies from abroad of plastic doors, windows and their frames decreased by -7% to X units in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 23% against the previous year. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, plastic doors and windows imports fell to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2022, Israel (X units), Qatar (X units), Iraq (X units) and Thailand (X units) was the largest importer of plastic doors, windows and their frames in Asia, achieving 50% of total import. India (X units) held the next position in the ranking, followed by Japan (X units) and Syrian Arab Republic (X units). All these countries together took approx. 17% share of total imports. Oman (X units), the United Arab Emirates (X units), Indonesia (X units), Singapore (X units), Kazakhstan (X units) and the Philippines (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Israel (with a CAGR of +45.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Japan ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2022, with a combined 43% share of total imports.

In terms of the main importing countries, Israel, with a CAGR of +46.2%, saw the highest rates of growth with regard to 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 amounted to $X per unit, with an increase of 3.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by 14%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Qatar ($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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