Republic of Korea: Market for Aluminium Doors, Thresholds For Doors And Windows 2025

Market Size for Aluminium Doors, Thresholds For Doors And Windows in Republic of Korea

The South Korean aluminium window and door market rose to $X in 2021, picking up by 3.1% against the previous year. Overall, consumption continues to indicate a buoyant expansion. Aluminium window and door consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Aluminium Doors, Thresholds For Doors And Windows in Republic of Korea

In value terms, aluminium window and door production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 76% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Exports of Aluminium Doors, Thresholds For Doors And Windows

Exports from Republic of Korea

Aluminium window and door exports from South Korea declined rapidly to X tons in 2021, dropping by -30.9% against the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 139% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, aluminium window and door exports declined markedly to $X in 2021. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -26.9% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 84%. 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

The United States (X tons) was the main destination for aluminium window and door exports from South Korea, with a 56% share of total exports. Moreover, aluminium window and door exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), twofold. Japan (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+26.1% per year) and Japan (-10.4% per year).

In value terms, the United States ($X), Canada ($X) and Japan ($X) appeared to be the largest markets for aluminium window and door exported from South Korea worldwide, together accounting for 86% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +33.2%, saw the highest rates of growth with regard to 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 aluminium window and door export price stood at $X per ton in 2021, picking up by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Iraq ($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 Guinea (+54.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Doors, Thresholds For Doors And Windows

Imports into Republic of Korea

In 2021, approx. X tons of aluminium doors, thresholds for doors and windows were imported into South Korea; picking up by 41% against 2020 figures. In general, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 210%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, aluminium window and door imports declined to $X in 2021. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 134% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of aluminium window and door to South Korea, with a 34% share of total imports. Moreover, aluminium window and door imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+54.7% per year) and the United States (+38.0% per year).

In value terms, China ($X) constituted the largest supplier of aluminium doors, thresholds for doors and windows to South Korea, comprising 41% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Vietnam, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+27.5% per year) and Vietnam (+49.5% per year).

Import Prices by Country

The average aluminium window and door import price stood at $X per ton in 2021, declining by -36.5% against the previous year. In general, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 Hong Kong SAR ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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