Southern Asia: Market for Plastic Doors, Windows And Their Frames 2024

Market Size for Plastic Doors, Windows And Their Frames in Southern Asia

The South Asian plastic doors and windows market dropped to $X in 2022, which is down by -6.7% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Plastic Doors, Windows And Their Frames in Southern Asia

In value terms, plastic doors and windows production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 20% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Plastic Doors, Windows And Their Frames

Exports in Southern Asia

In 2022, overseas shipments of plastic doors, windows and their frames increased by 28% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2018 with an increase of 100%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, plastic doors and windows exports skyrocketed to $X in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 246%. 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

India was the key exporter of plastic doors, windows and their frames in Southern Asia, with the volume of exports recording X units, which was approx. 70% of total exports in 2022. It was distantly followed by Bangladesh (X units), comprising a 30% share of total exports.

India was also the fastest-growing in terms of the plastic doors, windows and their frames exports, with a CAGR of +33.2% from 2012 to 2022. At the same time, Bangladesh (+17.4%) displayed positive paces of growth. India (+31 p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh saw its share reduced by -28.6% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest plastic doors and windows supplier in Southern Asia, comprising 85% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +29.6%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, with an increase of 4.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 73%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while Bangladesh totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (-1.4%).

Imports of Plastic Doors, Windows And Their Frames

Imports in Southern Asia

Plastic doors and windows imports declined sharply to X units in 2022, which is down by -26.7% on the previous year's figure. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +1.2% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by 56%. 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 doors and windows imports contracted significantly to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +22.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 55%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

India prevails in imports structure, finishing at X units, which was near 78% of total imports in 2022. Pakistan (X units) held a 9.9% share (based on physical terms) of total imports, which put it in second place, followed by Maldives (6.6%). The following importers - Bangladesh (X units), Nepal (X units) and Bhutan (X units) - each accounted for a 5.6% share of total imports.

Imports into India increased at an average annual rate of +3.5% from 2012 to 2022. At the same time, Pakistan (+24.4%), Nepal (+18.8%), Bhutan (+18.6%), Bangladesh (+16.9%) and Maldives (+13.7%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +24.4% from 2012-2022. Pakistan (+8.3 p.p.), Maldives (+4 p.p.) and Bangladesh (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported plastic doors, windows and their frames in Southern Asia, comprising 64% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 13% share of total imports. It was followed by Maldives, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+28.3% per year) and Maldives (+12.1% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, picking up by 7.9% against the previous year. Over the period under review, the import price, however, recorded a slight slump. The growth pace was the most rapid in 2016 an increase of 23%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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