India: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in India

In 2022, the Indian plastic shutters and blinds market increased by 7.7% to $X, rising for the second year in a row after five years of decline. In general, consumption saw a slight decrease. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Plastic Shutters And Blinds

Exports from India

Plastic shutters and blinds exports from India surged to X units in 2022, picking up by 58% against the year before. In general, exports posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 136%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, plastic shutters and blinds exports skyrocketed to $X in 2022. Over the period under review, exports recorded a buoyant increase. The exports peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports by Country

The United Arab Emirates (X units), the United States (X units) and Nepal (X units) were the main destinations of plastic shutters and blinds exports from India, with a combined 74% share of total exports. Maldives, Poland, Canada and Seychelles lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +419.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic shutters and blinds exported from India were the United States ($X), Maldives ($X) and the United Arab Emirates ($X), with a combined 73% share of total exports. Nepal, Seychelles, Poland and Canada lagged somewhat behind, together accounting for a further 22%.

Canada, with a CAGR of +460.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic shutters and blinds export price amounted to $X per unit, with an increase of 53% against the previous year. Overall, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 80% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per unit), while the average price for exports to the United Arab Emirates ($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 Canada (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports into India

In 2022, the amount of plastic shutters and blinds imported into India amounted to X units, increasing by 5% against 2021 figures. Overall, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 44%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic shutters and blinds imports soared to $X in 2022. In general, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 64% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of plastic shutters and blinds to India, accounting for a 75% share of total imports. Moreover, plastic shutters and blinds imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. South Korea (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+12.8% per year) and South Korea (+5.9% per year).

In value terms, China ($X) constituted the largest supplier of plastic shutters and blinds to India, comprising 48% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.2% per year) and the Netherlands (+49.0% per year).

Import Prices by Country

The average plastic shutters and blinds import price stood at $X per unit in 2022, with an increase of 18% against the previous year. In general, the import price saw noticeable growth. The growth pace was the most rapid in 2018 an increase of 54%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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