India: Wooden Door Market 2024

Wooden Door Market Size in India

In 2021, the Indian wooden door market decreased by -3.6% to $X for the first time since 2014, thus ending a six-year rising trend. The market value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wooden door consumption peaked at $X in 2020, and then contracted in the following year.

Wooden Door Production in India

In value terms, wooden door production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +48.1% against 2012 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 12%. Over the period under review, production attained the peak level at $X in 2020, and then fell slightly in the following year.

Wooden Door Exports

Exports from India

Wooden door exports from India surged to X units in 2021, rising by 16% against the previous year. Over the period under review, exports posted buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 82% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, wooden door exports rose notably to $X in 2021. In general, exports posted strong growth. The pace of growth was the most pronounced in 2015 with an increase of 68% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Nepal (X units) was the main destination for wooden door exports from India, accounting for a 57% share of total exports. Moreover, wooden door exports to Nepal exceeded the volume sent to the second major destination, the UK (X units), sevenfold. The third position in this ranking was held by the United States (X units), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Nepal stood at +49.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-5.0% per year) and the United States (+10.2% per year).

In value terms, Nepal ($X) remains the key foreign market for doors and their frames and thresholds of wood exports from India, comprising 36% of total exports. The second position in the ranking was held by the UK ($X), with a 13% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Nepal amounted to +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-7.1% per year) and the United States (+15.1% per year).

Export Prices by Country

The average wooden door export price stood at $X per unit in 2021, shrinking by -4.3% against the previous year. Over the period under review, the export price recorded a deep reduction. The growth pace was the most rapid in 2015 an increase of 32%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Door Imports

Imports into India

After two years of growth, purchases abroad of doors and their frames and thresholds of wood decreased by -16.7% to X units in 2021. Over the period under review, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.0% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 74%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, wooden door imports shrank modestly to $X in 2021. Overall, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2019 with an increase of 29%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Thailand (X units), Malaysia (X units) and China (X units) were the main suppliers of wooden door imports to India, together comprising 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +10.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of doors and their frames and thresholds of wood to India, comprising 47% of total imports. The second position in the ranking was held by Thailand ($X), with a 22% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+3.7% per year) and China (-15.6% per year).

Import Prices by Country

In 2021, the average wooden door import price amounted to $X per unit, increasing by 19% against the previous year. Overall, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 21%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+31.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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