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

Market Size for Plastic Doors, Windows And Their Frames in the Philippines

The Philippine plastic doors and windows market rose markedly to $X in 2022, picking up by 5.5% against the previous year. Overall, consumption recorded a slight increase. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Plastic Doors, Windows And Their Frames in the Philippines

In value terms, plastic doors and windows production reached $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 46% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Plastic Doors, Windows And Their Frames

Exports from the Philippines

For the fifth year in a row, the Philippines recorded decline in overseas shipments of plastic doors, windows and their frames, which decreased by -60.4% to X units in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 9,338%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic doors and windows exports fell markedly to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 6,764%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for plastic doors and windows exports from the Philippines, with a 82% share of total exports. Moreover, plastic doors and windows exports to Japan exceeded the volume sent to the second major destination, the United States (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at +32.5%.

In value terms, Japan ($X) remains the key foreign market for plastic doors, windows and their frames exports from the Philippines, comprising 73% of total exports. The second position in the ranking was held by the United States ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to +17.2%.

Export Prices by Country

The average plastic doors and windows export price stood at $X per unit in 2022, waning by -6.7% against the previous year. Overall, the export price faced a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 23% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Japan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Doors, Windows And Their Frames

Imports into the Philippines

Plastic doors and windows imports into the Philippines soared to X units in 2022, rising by 50% against the previous year's figure. Overall, imports, however, continue to indicate a noticeable downturn. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, plastic doors and windows imports skyrocketed to $X in 2022. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 66% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Thailand (X units) and South Korea (X units) were the main suppliers of plastic doors and windows imports to the Philippines, together accounting for 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +31.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic doors and windows suppliers to the Philippines were Thailand ($X), China ($X) and Japan ($X), together accounting for 81% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +39.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic doors and windows import price stood at $X per unit in 2022, shrinking by -21.9% against the previous year. Overall, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 44%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :