Asia: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2023

Market Size for Iron Or Steel Doors, Thresholds For Doors And Windows in Asia

In 2022, the Asian market for iron or steel doors, thresholds for doors and windows decreased by -3.5% to $X, falling for the second year in a row after nine years of growth. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.8% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Iron Or Steel Doors, Thresholds For Doors And Windows in Asia

In value terms, production of iron or steel doors, thresholds for doors and windows declined modestly to $X in 2022 estimated in export price. Over the period under review, production posted strong growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 29%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

Exports in Asia

In 2022, approx. X units of iron or steel doors, thresholds for doors and windows were exported in Asia; with an increase of 2% on the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 30%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of iron or steel doors, thresholds for doors and windows rose rapidly to $X in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 21%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China represented the main exporter of iron or steel doors, thresholds for doors and windows in Asia, with the volume of exports amounting to X units, which was approx. 68% of total exports in 2022. It was distantly followed by Turkey (X units), making up a 19% share of total exports. The following exporters - Thailand (X units) and the United Arab Emirates (X units) - together made up 4.9% of total exports.

From 2012 to 2022, average annual rates of growth with regard to iron or steel window and door exports from China stood at -2.5%. At the same time, Thailand (+40.9%), Turkey (+12.2%) and the United Arab Emirates (+3.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +40.9% from 2012-2022. From 2012 to 2022, the share of Turkey and Thailand increased by +13 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron or steel window and door supplier in Asia, comprising 73% of total exports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total exports. It was followed by Thailand, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +2.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+9.6% per year) and Thailand (+32.8% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($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 (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

Imports in Asia

Imports of iron or steel doors, thresholds for doors and windows declined to X units in 2022, remaining constant against the previous year. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 13% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of iron or steel doors, thresholds for doors and windows expanded notably to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 38%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X units), Pakistan (X units), Iraq (X units), Hong Kong SAR (X units), Qatar (X units), Singapore (X units), India (X units), the United Arab Emirates (X units), Uzbekistan (X units), Oman (X units), Indonesia (X units) and South Korea (X units) represented the largest importer of iron or steel doors, thresholds for doors and windows in Asia, making up 62% of total import. Israel (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +21.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the United Arab Emirates ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2022, with a combined 19% share of total imports. Iraq, Kazakhstan, India, Israel, South Korea, Indonesia, Uzbekistan, Qatar, Oman and Pakistan lagged somewhat behind, together accounting for a further 32%.

Uzbekistan, with a CAGR of +37.7%, saw the highest growth rate of 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 2022, the import price in Asia amounted to $X per unit, growing by 8.8% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or steel doors, thresholds for doors and windows increased by +30.6% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 37%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+14.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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