Southern Asia: Wooden Frame Market 2025

Wooden Frame Market Size in Southern Asia

The South Asian wooden frame market rose remarkably to $X in 2021, increasing by 6.2% against the previous year. Over the period under review, consumption, however, showed a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wooden Frame Production in Southern Asia

In value terms, wooden frame production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 9.8%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wooden Frame Exports

Exports in Southern Asia

In 2021, overseas shipments of wooden frames for paintings, photographs, mirrors or similar objects were finally on the rise to reach X units after three years of decline. Overall, exports, however, continue to indicate a slight contraction. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden frame exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 43% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India was the key exporter of wooden frames for paintings, photographs, mirrors or similar objects in Southern Asia, with the volume of exports amounting to X units, which was approx. 89% of total exports in 2021. It was distantly followed by Pakistan (X units), committing a 10% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wooden frame exports from India stood at -2.1%. At the same time, Pakistan (+25.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +25.0% from 2012-2021. While the share of Pakistan (+9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-9.3 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest wooden frame supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was held by Pakistan ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +2.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, picking up by 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2020 an increase of 15% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per unit), while Pakistan stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.9%).

Wooden Frame Imports

Imports in Southern Asia

In 2021, the amount of wooden frames for paintings, photographs, mirrors or similar objects imported in Southern Asia soared to X units, increasing by 93% on 2020 figures. In general, imports, however, saw a abrupt curtailment. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wooden frame imports soared to $X in 2021. Over the period under review, imports, however, recorded a perceptible contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India was the largest importing country with an import of about X units, which amounted to 39% of total imports. Sri Lanka (X units) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (13%), Nepal (11%) and Bangladesh (4.6%). The following importers - Afghanistan (X units) and Maldives (X units) - each finished at an 8.1% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nepal (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported wooden frames for paintings, photographs, mirrors or similar objects in Southern Asia, comprising 53% of total imports. The second position in the ranking was taken by Afghanistan ($X), with a 10% share of total imports. It was followed by Nepal, with a 10% share.

In India, wooden frame imports decreased by an average annual rate of -6.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Afghanistan (+10.1% per year) and Nepal (+23.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, waning by -3.4% against the previous year. Import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden frame import price decreased by -28.1% against 2017 indices. The growth pace was the most rapid in 2016 when the import price increased by 30% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Maldives ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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