Asia-Pacific: Wooden Window Market 2022

Wooden Window Market Size in Asia-Pacific

In 2021, the Asia-Pacific wooden window market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Wooden Window Production in Asia-Pacific

In value terms, wooden window production expanded remarkably to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Wooden Window Exports

Exports in Asia-Pacific

In 2021, shipments abroad of windows, french windows and their frames of wood decreased by -9.2% to X tons, falling for the second consecutive year after three years of growth. Overall, exports recorded a noticeable decrease. The growth pace was the most rapid in 2018 with an increase of 17%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden window exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, reaching X tons, which was near 91% of total exports in 2021. The Philippines (X tons) and Myanmar (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the windows, french windows and their frames of wood exports, with a CAGR of +8.0% from 2012 to 2021. The Philippines (-6.1%) and Myanmar (-34.9%) illustrated a downward trend over the same period. China (+60 p.p.) significantly strengthened its position in terms of the total exports, while Myanmar saw its share reduced by -59.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden window supplier in Asia-Pacific, comprising 94% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 3% share of total exports.

In China, wooden window exports increased at an average annual rate of +7.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (-6.7% per year) and Myanmar (-30.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, growing by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+6.2%), while the other leaders experienced a decline in the export price figures.

Wooden Window Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of windows, french windows and their frames of wood decreased by -22.4% to X tons, falling for the third year in a row after three years of growth. Overall, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 43%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, wooden window imports dropped markedly to $X in 2021. In general, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 37%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Japan represented the largest importer of windows, french windows and their frames of wood in Asia-Pacific, with the volume of imports amounting to X tons, which was near 50% of total imports in 2021. Australia (X tons) ranks second in terms of the total imports with a 28% share, followed by New Zealand (6%). The following importers - Thailand (X tons), Cambodia (X tons), Lao People's Democratic Republic (X tons) and Taiwan (Chinese) (X tons) - together made up 10% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +118.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Japan ($X) and New Zealand ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 85% share of total imports. These countries were followed by Cambodia, Taiwan (Chinese), Thailand and Lao People's Democratic Republic, which together accounted for a further 6.7%.

Cambodia, with a CAGR of +81.7%, recorded the highest growth rate of the value of imports, in terms of 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

The import price in Asia-Pacific stood at $X per ton in 2021, falling by -3.9% against the previous year. Overall, the import price recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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