Asia: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Asia

In 2022, the Asian plastic shutters and blinds market increased by 4.2% to $X for the first time since 2018, thus ending a three-year declining trend. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 -16.1% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Plastic Shutters And Blinds in Asia

In value terms, plastic shutters and blinds production stood at $X in 2022 estimated in export price. The total production indicated resilient 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, production decreased by -7.8% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 30%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Plastic Shutters And Blinds

Exports in Asia

In 2022, approx. X units of plastic shutters and blinds were exported in Asia; falling by -12.5% against 2021 figures. Overall, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 when exports increased by 6.4%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic shutters and blinds exports shrank modestly to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +64.2% against 2016 indices. The growth pace was the most rapid in 2018 when exports increased by 19%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, China (X units) was the major exporter of plastic shutters and blinds, achieving 65% of total exports. Cambodia (X units) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (8.9%) and Taiwan (Chinese) (6%). Turkey (X units) held a relatively small share of total exports.

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%), Turkey (+16.0%) and Taiwan (Chinese) (+2.8%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +52.5% from 2012-2022. From 2012 to 2022, the share of Cambodia, Vietnam, Taiwan (Chinese) and Turkey increased by +16, +8.4, +2.8 and +1.9 percentage points, respectively.

In value terms, China ($X), Cambodia ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2022, with a combined 88% share of total exports.

In terms of the main exporting countries, Cambodia, with a CAGR of +56.3%, 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 Asia stood at $X per unit in 2022, surging by 8.7% against the previous year. Overall, the export price saw strong growth. The most prominent rate of growth was recorded in 2015 when the export price increased by 17%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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 ($X per unit), while Turkey ($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

In 2022, plastic shutters and blinds imports in Asia fell slightly to X units, which is down by -2.6% compared with 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, plastic shutters and blinds imports declined slightly to $X in 2022. In general, imports recorded a slight reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Qatar (X units), distantly followed by Thailand (X units), Indonesia (X units), the Philippines (X units), Taiwan (Chinese) (X units), Japan (X units) and Vietnam (X units) were the key importers of plastic shutters and blinds, together creating 61% of total imports. The following importers - Kyrgyzstan (X units), Malaysia (X units), India (X units), Iraq (X units), the United Arab Emirates (X units) and China (X units) - together made up 19% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kyrgyzstan (with a CAGR of +40.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 29% of total imports. Qatar, Indonesia, India, the United Arab Emirates, Malaysia, Taiwan (Chinese), Japan, Kyrgyzstan, Iraq and the Philippines lagged somewhat behind, together accounting for a further 40%.

Kyrgyzstan, with a CAGR of +38.4%, saw the highest rates of growth with regard to 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

The import price in Asia stood at $X per unit in 2022, surging by 1.8% against the previous year. Over the period under review, the import price, however, saw a slight reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by 17%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat 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 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

Frequently Asked Questions (FAQ) :