India: Market for Plastic Doors, Windows And Their Frames 2024

Market Size for Plastic Doors, Windows And Their Frames in India

The Indian plastic doors and windows market fell dramatically to $X in 2022, waning by -35.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a mild contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Exports of Plastic Doors, Windows And Their Frames

Exports from India

In 2022, shipments abroad of plastic doors, windows and their frames increased by 76% to X units, rising for the second consecutive year after two years of decline. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 204% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, plastic doors and windows exports soared to $X in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 374% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X units) was the main destination for plastic doors and windows exports from India, accounting for a 36% share of total exports. Moreover, plastic doors and windows exports to Oman exceeded the volume sent to the second major destination, Bhutan (X units), threefold. The third position in this ranking was held by Malaysia (X units), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to Oman totaled +59.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (+141.6% per year) and Malaysia (+102.1% per year).

In value terms, the largest markets for plastic doors and windows exported from India were Oman ($X), Bhutan ($X) and Malaysia ($X), together comprising 50% of total exports.

Among the main countries of destination, Bhutan, with a CAGR of +164.1%, recorded the highest growth rate of 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 average plastic doors and windows export price stood at $X per unit in 2022, declining by -13.1% against the previous year. In general, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 56% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, 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 Maldives ($X per unit), while the average price for exports to Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Doors, Windows And Their Frames

Imports into India

In 2022, plastic doors and windows imports into India dropped remarkably to X units, reducing by -26.8% against 2021. Overall, imports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 60% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic doors and windows imports dropped notably to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 42% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of plastic doors and windows to India, accounting for a 71% share of total imports. Moreover, plastic doors and windows imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), fivefold. The third position in this ranking was taken by Turkey (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+22.3% per year) and Turkey (+34.6% per year).

In value terms, China ($X) constituted the largest supplier of plastic doors, windows and their frames to India, comprising 60% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by Bangladesh, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+36.6% per year) and Bangladesh (+22.0% per year).

Import Prices by Country

In 2022, the average plastic doors and windows import price amounted to $X per unit, increasing by 7% against the previous year. In general, the import price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2016 an increase of 19% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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