South-Eastern Asia: Market for Plastic Doors, Windows And Their Frames 2024

Market Size for Plastic Doors, Windows And Their Frames in South-Eastern Asia

The Southeast Asian plastic doors and windows market was estimated at $X in 2022, increasing by 2.5% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 South-Eastern Asia

In value terms, plastic doors and windows production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 19%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Plastic Doors, Windows And Their Frames

Exports in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of plastic doors, windows and their frames, when their volume decreased by -7.9% to X units. Over the period under review, exports, however, recorded notable growth. The pace of growth appeared the most rapid in 2014 with an increase of 140% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic doors and windows exports shrank to $X in 2022. In general, exports, however, continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2014 with an increase of 161% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam represented the main exporting country with an export of around X units, which accounted for 54% of total exports. It was distantly followed by Thailand (X units) and Malaysia (X units), together mixing up a 42% share of total exports. The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +35.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, together comprising 94% of total exports. These countries were followed by the Philippines, which accounted for a further 3%.

In terms of the main exporting countries, the Philippines, with a CAGR of +20.6%, 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 export price in South-Eastern Asia stood at $X per unit in 2022, reducing by -6.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 17%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.8%), while the other leaders experienced a decline in the export price figures.

Imports of Plastic Doors, Windows And Their Frames

Imports in South-Eastern Asia

Plastic doors and windows imports soared to X units in 2022, picking up by 17% against the previous year. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +30.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 37% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, plastic doors and windows imports soared to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +9.5% 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 +147.7% against 2012 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 29%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Thailand was the key importing country with an import of about X units, which recorded 48% of total imports. Indonesia (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (12%), the Philippines (10%) and Cambodia (6.3%). The following importers - Myanmar (X units) and Vietnam (X units) - together made up 7.2% of total imports.

Imports into Thailand increased at an average annual rate of +11.6% from 2012 to 2022. At the same time, Cambodia (+17.4%), Singapore (+13.5%), Vietnam (+13.0%) and Myanmar (+10.3%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +17.4% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, the Philippines (-3.3%) illustrated a downward trend over the same period. While the share of Thailand (+20 p.p.), Singapore (+6.2 p.p.), Cambodia (+4 p.p.) and Vietnam (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (-11 p.p.) and the Philippines (-15.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 75% share of total imports. Cambodia, the Philippines, Vietnam and Myanmar lagged somewhat behind, together comprising a further 21%.

Cambodia, with a CAGR of +21.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, growing by 3.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 when the import price increased by 29% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Myanmar ($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 Philippines (+12.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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