Overview of the Global Market for Plastic Shutters And Blinds

Market Size for Plastic Shutters And Blinds

After three years of decline, the global plastic shutters and blinds market increased by 1.8% to $X in 2022. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Plastic Shutters And Blinds

In value terms, plastic shutters and blinds production declined to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.8% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 25% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Plastic Shutters And Blinds

Exports

After five years of growth, overseas shipments of plastic shutters and blinds decreased by -9.1% to X units in 2022. In general, exports saw a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. The global exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic shutters and blinds exports shrank to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value 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, exports increased by +67.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports attained the peak of $X, and then fell slightly in the following year.

Exports by Country

China was the key exporting country with an export of around X units, which amounted to 40% of total exports. Mexico (X units) held the second position in the ranking, followed by Cambodia (X units), Belgium (X units) and Vietnam (X units). All these countries together took near 33% share of total exports. Poland (X units), Taiwan (Chinese) (X units), Germany (X units), the United States (X units), Spain (X units) and the Netherlands (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -7.0% from 2012 to 2022. At the same time, Cambodia (+52.5%), Vietnam (+29.4%), Poland (+15.8%), Belgium (+11.1%), Mexico (+7.5%), the United States (+5.8%), the Netherlands (+3.3%), Taiwan (Chinese) (+2.8%) and Germany (+1.8%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in the world, with a CAGR of +52.5% from 2012-2022. By contrast, Spain (-1.8%) illustrated a downward trend over the same period. While the share of Cambodia (+9.7 p.p.), Mexico (+6 p.p.), Vietnam (+5.1 p.p.), Belgium (+4.8 p.p.), Poland (+3.1 p.p.) and the United States (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-34.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic shutters and blinds supplying countries worldwide were China ($X), Cambodia ($X) and Belgium ($X), with a combined 48% share of global exports.

In terms of the main exporting countries, Cambodia, with a CAGR of +56.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic shutters and blinds export price stood at $X per unit in 2022, rising by 6.2% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.8% 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 export price increased by +93.5% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 10%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the other global leaders experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports

In 2022, after ten years of growth, there was significant decline in supplies from abroad of plastic shutters and blinds, when their volume decreased by -5.6% to X units. Overall, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, plastic shutters and blinds imports contracted slightly to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +69.9% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The United States prevails in imports structure, amounting to X units, which was approx. 61% of total imports in 2022. It was distantly followed by the UK (X units), making up a 5.5% share of total imports. France (X units), Australia (X units), the Netherlands (X units), Hungary (X units) and Poland (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +12.8% from 2012 to 2022. At the same time, Hungary (+24.3%), Poland (+14.7%), the UK (+12.8%), the Netherlands (+6.4%) and France (+4.7%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the world, with a CAGR of +24.3% from 2012-2022. Australia experienced a relatively flat trend pattern. While the share of the United States (+22 p.p.) and the UK (+2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Australia (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported plastic shutters and blinds worldwide, comprising 47% of global imports. The second position in the ranking was taken by Australia ($X), with a 5.5% share of global imports. It was followed by the UK, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +5.4%. In the other countries, the average annual rates were as follows: Australia (+10.6% per year) and the UK (+10.9% per year).

Import Prices by Country

In 2022, the average plastic shutters and blinds import price amounted to $X per unit, with an increase of 5% against the previous year. In general, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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