Southern Asia: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Southern Asia

The South Asian plastic shutters and blinds market expanded remarkably to $X in 2022, rising by 6.8% against the previous year. In general, consumption enjoyed a buoyant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Plastic Shutters And Blinds in Southern Asia

In value terms, plastic shutters and blinds production amounted to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 39%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Plastic Shutters And Blinds

Exports in Southern Asia

In 2022, plastic shutters and blinds exports in Southern Asia surged to X units, picking up by 25% compared with the previous year. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 86% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, plastic shutters and blinds exports skyrocketed to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.3% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 87%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India dominates exports structure, finishing at X units, which was near 93% of total exports in 2022. It was distantly followed by Sri Lanka (X units), creating a 5.6% share of total exports.

India was also the fastest-growing in terms of the plastic shutters and blinds exports, with a CAGR of +12.6% from 2012 to 2022. Sri Lanka (-8.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +27 percentage points.

In value terms, India ($X) remains the largest plastic shutters and blinds supplier in Southern Asia, comprising 90% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +5.9%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, surging by 20% against the previous year. Over the period under review, the export price, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2014 an increase of 43%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood 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 Sri Lanka ($X per unit), while India amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.9%).

Imports of Plastic Shutters And Blinds

Imports in Southern Asia

In 2022, approx. X units of plastic shutters and blinds were imported in Southern Asia; declining by -6.4% against 2021 figures. In general, imports saw a pronounced downturn. The growth pace was the most rapid in 2015 with an increase of 41%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic shutters and blinds imports totaled $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India prevails in imports structure, reaching X units, which was approx. 82% of total imports in 2022. Maldives (X units) ranks second in terms of the total imports with an 8.3% share, followed by Bangladesh (4.8%). Pakistan (X units) followed a long way behind the leaders.

Imports into India decreased at an average annual rate of -3.2% from 2012 to 2022. At the same time, Bangladesh (+6.8%) and Maldives (+4.0%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +6.8% from 2012-2022. By contrast, Pakistan (-7.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Maldives, India and Bangladesh increased by +4.5, +4.2 and +3.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported plastic shutters and blinds in Southern Asia, comprising 80% of total imports. The second position in the ranking was taken by Maldives ($X), with an 11% share of total imports. It was followed by Bangladesh, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value in India totaled +1.6%. In the other countries, the average annual rates were as follows: Maldives (+5.0% per year) and Bangladesh (+4.5% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, with an increase of 23% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic shutters and blinds import price increased by +41.0% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 31%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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