India: Market for Builders' Joinery And Carpentry Of Wood 2025

Market Size for Builders' Joinery And Carpentry Of Wood in India

The Indian wooden joinery and carpentry market dropped modestly to $X in 2021, stabilizing at the previous year. Overall, consumption saw a slight setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Builders' Joinery And Carpentry Of Wood in India

In value terms, wooden joinery and carpentry production amounted to $X in 2021 estimated in export price. In general, production recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 36%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from India

In 2021, approx. X tons of builders' joinery and carpentry of wood were exported from India; growing by 29% against the year before. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 118% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, wooden joinery and carpentry exports expanded sharply to $X in 2021. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 74%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Nepal (X tons) was the main destination for wooden joinery and carpentry exports from India, with a 58% share of total exports. Moreover, wooden joinery and carpentry exports to Nepal exceeded the volume sent to the second major destination, the UK (X tons), sevenfold. The third position in this ranking was taken by the United States (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nepal stood at +54.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-1.2% per year) and the United States (+14.7% per year).

In value terms, Nepal ($X) remains the key foreign market for builders' joinery and carpentry of wood exports from India, comprising 38% of total exports. The second position in the ranking was taken by the UK ($X), with a 13% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nepal stood at +37.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-2.6% per year) and the United States (+15.5% per year).

Export Prices by Country

The average wooden joinery and carpentry export price stood at $X per ton in 2021, shrinking by -17.6% against the previous year. Over the period under review, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 42% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into India

After two years of decline, purchases abroad of builders' joinery and carpentry of wood increased by 13% to X tons in 2021. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.8% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 46% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, wooden joinery and carpentry imports skyrocketed to $X in 2021. Overall, imports, however, recorded a perceptible reduction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Malaysia (X tons) were the main suppliers of wooden joinery and carpentry imports to India, together comprising 62% of total imports. Indonesia, Germany, Vietnam, Slovakia and Austria lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +66.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Thailand ($X) appeared to be the largest wooden joinery and carpentry suppliers to India, with a combined 56% share of total imports. These countries were followed by Indonesia, Germany, Slovakia, Vietnam and Austria, which together accounted for a further 26%.

Slovakia, with a CAGR of +59.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden joinery and carpentry import price stood at $X per ton in 2021, increasing by 14% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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