Asia: Wooden Door Market 2024

Wooden Door Market Size in Asia

After seven years of growth, the Asian wooden door market decreased by -5% to $X in 2021. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.7% against 2013 indices. Over the period under review, the market hit record highs at $X in 2020, and then contracted slightly in the following year.

Wooden Door Production in Asia

In value terms, wooden door production declined slightly to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +48.0% against 2013 indices. The pace of growth was the most pronounced in 2016 with an increase of 9.6%. The level of production peaked at $X in 2020, and then dropped modestly in the following year.

Wooden Door Exports

Exports in Asia

In 2021, overseas shipments of doors and their frames and thresholds of wood were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 13%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, wooden door exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) represented the major exporter of doors and their frames and thresholds of wood, achieving 56% of total exports. Indonesia (X units) ranks second in terms of the total exports with a 21% share, followed by Malaysia (9%) and Turkey (8.3%). The following exporters - Vietnam (X units) and Thailand (X units) - each recorded a 3.4% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of doors and their frames and thresholds of wood. At the same time, Vietnam (+14.9%), Turkey (+11.9%) and Indonesia (+9.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +14.9% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (-2.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia and Turkey increased by +9.9 and +4.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden door supplier in Asia, comprising 57% of total exports. The second position in the ranking was held by Indonesia ($X), with a 21% share of total exports. It was followed by Turkey, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+7.3% per year) and Turkey (+6.9% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, surging by 7.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.1%), while the other leaders experienced more modest paces of growth.

Wooden Door Imports

Imports in Asia

In 2021, the amount of doors and their frames and thresholds of wood imported in Asia fell slightly to X units, therefore, remained relatively stable against 2020. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, wooden door imports rose significantly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 16% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of wooden door imports in 2021 were Kazakhstan (X units), Japan (X units) and Hong Kong SAR (X units), together finishing at 48% of total import. Azerbaijan (X units) ranks next in terms of the total imports with a 5.3% share, followed by Iraq (5.2%). The following importers - Thailand (X units), India (X units), the United Arab Emirates (X units), Tajikistan (X units), the Philippines (X units), Israel (X units), Malaysia (X units) and Kyrgyzstan (X units) - together made up 20% of total imports.

From 2012 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden door importing markets in Asia were Japan ($X), Hong Kong SAR ($X) and Kazakhstan ($X), together accounting for 49% of total imports. These countries were followed by Iraq, Azerbaijan, the United Arab Emirates, the Philippines, Israel, Thailand, India, Malaysia, Tajikistan and Kyrgyzstan, which together accounted for a further 24%.

The Philippines, with a CAGR of +21.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the import price, however, showed a mild decrease. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+14.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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