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U.S. Wood Window and Door Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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Article Publishing Date: Oct 1, 2020

The Pandemic Deepens the Slowdown of the American Wood Window and Door Market

IndexBox has just published a new report: 'U.S. Wood window and door Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.

After six years of growth, the U.S. wood window and door market decreased by -2.1% to $12.2B in 2019. The market value increased at an average annual rate of +3.5% over the period from 2013 to 2019; the trend pattern remained consistent throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 8.3% year-to-year. Wood window and door consumption peaked at $12.5B in 2018 and then dropped slightly in the following year.

The growth of the construction sector was the main driver behind the growth of the wood window and door market. Prior to 2020, construction in the U.S. grew robustly, driven by the rising economy, disposable incomes and the availability of loans. In early 2020, the global economy entered a period of the crisis caused by the outbreak of the COVID-19 pandemic. In order to battle the spread of the virus, most countries in the world implemented quarantine measures that put on halt production and transport activity. 

The combination of those factors disrupted economic growth heavily throughout the world. According to World Bank forecasts, despite the gradual relaxing of restrictive measures and unprecedented government support in countries that faced the pandemic in early 2020, the annual decline of global GDP could amount to -5.2%, which is the deepest global recession being seen over the past eight decades.

The U.S. is also facing a drastic short-term recession, with the expected contraction of GDP of approx. -6.1% in 2020, being hit by the pandemic harder than expected, with unemployment increasing due to the shutdown and social isolation. 

The construction sector has proven extremely vulnerable to the pandemic. Thus, the above economic prerequisites will have the most negative impact on the production of building materials, and, therefore, on the consumption of wooden windows and doors. Thus, due to quarantine measures, construction projects were paused, and the drop in incomes of the population makes mortgage loans less affordable. 

Moreover, the reduced capital investment may lead to the postponement of plans for the building new and the renewal of the existing dwellings, infrastructural and industrial facilities. In addition, the disruption of established international supply chains between wooden windows and doors producers and consumers due to asynchronous quarantine measures and restricted transport activity.

In the medium term, should the pandemic outbreak end in the second half of 2020, the economy is to start recovering in 2021 and then return to the market trend of the gradual growth, driven by the fundamentals existed before 2020 and boosted by support measures imposed by the government. Accordingly, the American wood window and door market is to drop by approx. 6% in 2020 and then to start growing gradually. However, those projections are very vulnerable to the possible second wave of the COVID epidemic.

Production of Wood Window and Door in the U.S.

In value terms, wood window and door production fell slightly to $11.6B in 2019. The total output value increased at an average annual rate of +3.2% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, production reached the maximum level at $11.9B in 2018, and then shrank slightly in the following year.

Imports into the U.S.

In 2019, overseas purchases of wood window and door decreased by -10.2% to 13M units for the first time since 2015, thus ending a three-year rising trend. In general, total imports indicated a remarkable increase from 2013 to 2019: its volume increased at an average annual rate of +5.1% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, wood window and door imports contracted modestly to $765M (IndexBox estimates) in 2019. 

Canada (3M units), Mexico (2.8M units) and Brazil (2.6M units) were the main suppliers of wood window and door imports to the U.S., together comprising 66% of total imports. These countries were followed by China, Chile, Indonesia and Viet Nam, which together accounted for a further 27%.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Viet Nam (+62.5% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($307M) constituted the largest supplier of wood window and door to the U.S., comprising 40% of total imports. The second position in the ranking was occupied by Brazil ($115M), with a 15% share of total imports. It was followed by China, with a 13% share.

Import Prices by Country

In 2019, the average wood window and door import price amounted to $60 per unit, picking up by 9.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $67 per unit in 2016; however, from 2017 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Canada ($101 per unit), while the price for Viet Nam ($23 per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Andersen Corporation, Marvin Lumber and Cedar Company, Pella Corporation, Masonite International Corporation, Ply Gem Industries, Amarr Company, Weather Shield Mfg., Conestoga Wood Specialties Corporation, Odl Incorporated, Judson Enterprises, Decore-Ative Specialties, Bright Wood Corporation, Woodharbor Molding & Millworks, Marshfield Doorsystems, Truth Hardware Corporation, Marvins Windows and Doors of Tennessee, Steves & Sons, Eggers Industries, T. M. Cobb Company, Cascade Ohio, Mohawk Flush Doors, Mw Manufacturers, Marvin Windows of Tennessee, Masonite Corporation, Roberts Trading Corporation, US Test Company 201, Hwd Acquisition, Clopay Building Products Company, Masonite Holdings, The Cook & Boardman Group

Source: IndexBox AI Platform

Product coverage:
• NAICS 321911 - Wood window and door manufacturing

This report provides an in-depth analysis of the market for wood window and door in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• Andersen Corporation
• Marvin Lumber and Cedar Company
• Pella Corporation
• Masonite International Corporation
• Ply Gem Industries
• Amarr Company
• Weather Shield Mfg.
• Conestoga Wood Specialties Corporation
• Odl Incorporated
• Judson Enterprises
• Decore-Ative Specialties
• Bright Wood Corporation
• Woodharbor Molding & Millworks
• Marshfield Doorsystems
• Truth Hardware Corporation
• Marvins Windows and Doors of Tennessee, Steves & Sons
• Eggers Industries
• T. M. Cobb Company
• Cascade Ohio
• Mohawk Flush Doors
• Mw Manufacturers
• Marvin Windows of Tennessee
• Masonite Corporation
• Roberts Trading Corporation
• US Test Company 201
• Hwd Acquisition
• Clopay Building Products Company
• Masonite Holdings
• The Cook & Boardman Group

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013-2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013-2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013-2019
Figure 5:
Trade Balance, In Physical Terms, 2013-2019
Figure 6:
Trade Balance, In Value Terms, 2013-2019
Figure 7:
Per Capita Consumption, 2013-2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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