Eastern Asia: Wooden Window Market 2022

Wooden Window Market Size in Eastern Asia

The East Asian wooden window market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Wooden Window Production in Eastern Asia

In value terms, wooden window production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 13% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Wooden Window Exports

Exports in Eastern Asia

In 2021, the amount of windows, french windows and their frames of wood exported in Eastern Asia soared to X tons, growing by 21% on the previous year. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, wooden window exports skyrocketed to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from China (X tons), together reaching 100% of total export.

China was also the fastest-growing in terms of the windows, french windows and their frames of wood exports, with a CAGR of +8.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest wooden window supplier in Eastern Asia.

In China, wooden window exports expanded at an average annual rate of +7.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, with an increase of 12% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -0.6% per year.

Wooden Window Imports

Imports in Eastern Asia

Wooden window imports declined to X tons in 2021, dropping by -10.6% compared with 2020 figures. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 13% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, wooden window imports contracted to $X in 2021. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Japan dominates imports structure, reaching X tons, which was approx. 91% of total imports in 2021. Taiwan (Chinese) (X tons), China (X tons) and South Korea (X tons) followed a long way behind the leaders.

Imports into Japan decreased at an average annual rate of -4.6% from 2012 to 2021. At the same time, Taiwan (Chinese) (+2.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +2.3% from 2012-2021. By contrast, South Korea (-5.5%) and China (-11.2%) illustrated a downward trend over the same period. Japan (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by -2.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported windows, french windows and their frames of wood in Eastern Asia, comprising 81% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 6.2% share of total imports. It was followed by South Korea, with a 6.2% share.

In Japan, wooden window imports declined by an average annual rate of -9.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+8.5% per year) and South Korea (-0.4% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of 2.1% against the previous year. Overall, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2016 when the import price increased by 8.2%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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