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

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

The East Asian plastic doors and windows market was estimated at $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 6.7%. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Plastic Doors, Windows And Their Frames in Eastern Asia

In value terms, plastic doors and windows production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 8.4%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Plastic Doors, Windows And Their Frames

Exports in Eastern Asia

In 2022, overseas shipments of plastic doors, windows and their frames increased by 5.1% to X units, rising for the sixth consecutive year after three years of decline. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic doors and windows exports rose notably to $X in 2022. Total exports indicated prominent 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 +76.0% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China represented the key exporting country with an export of around X units, which finished at 81% of total exports. Taiwan (Chinese) (X units) held the second position in the ranking, followed by South Korea (X units). All these countries together held approx. 19% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic doors and windows exports from China stood at +8.3%. At the same time, South Korea (+8.6%) and Taiwan (Chinese) (+1.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +8.6% from 2012-2022. China (+7.8 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -8.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic doors and windows supplier in Eastern Asia, comprising 78% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to +6.0%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+1.8% per year) and South Korea (+8.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, increasing by 1.7% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2015 when the export price increased by 2.3%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while South Korea ($X per unit) was 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 Eastern Asia

In 2022, the amount of plastic doors, windows and their frames imported in Eastern Asia dropped to X units, with a decrease of -5.3% on the year before. Overall, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 5%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic doors and windows imports shrank to $X in 2022. In general, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 15%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units) represented the key importer of plastic doors, windows and their frames, comprising 60% of total imports. South Korea (X units) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by China (7.7%) and Taiwan (Chinese) (7.3%). Democratic People's Republic of Korea (X units) held a relatively small share of total imports.

Imports into Japan decreased at an average annual rate of -3.9% from 2012 to 2022. At the same time, Taiwan (Chinese) (+4.0%) and China (+3.0%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +4.0% from 2012-2022. By contrast, South Korea (-1.4%) and Democratic People's Republic of Korea (-7.5%) illustrated a downward trend over the same period. Taiwan (Chinese) (+3.5 p.p.), China (+3.4 p.p.) and South Korea (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -7.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported plastic doors, windows and their frames in Eastern Asia, comprising 69% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

In Japan, plastic doors and windows imports shrank by an average annual rate of -4.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-0.8% per year) and China (+4.1% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, dropping by -4.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 9.8% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Democratic People's Republic of Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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