China: 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 China

The Chinese market for iron or steel doors, thresholds for doors and windows rose significantly to $X in 2022, growing by 5.8% against the previous year. Overall, consumption showed a buoyant increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, production of iron or steel doors, thresholds for doors and windows expanded significantly to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 -4.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 38% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from China

In 2022, shipments abroad of iron or steel doors, thresholds for doors and windows increased by less than 0.1% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. The exports 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 soared to $X in 2022. The total export value increased at an average annual rate of +2.0% 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% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for exports of iron or steel doors, thresholds for doors and windows from China, accounting for a 17% share of total exports. Moreover, exports of iron or steel doors, thresholds for doors and windows to the United States exceeded the volume sent to the second major destination, Nigeria (X units), twofold. Ghana (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-1.7% per year) and Ghana (+16.5% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel doors, thresholds for doors and windows exports from China, comprising 20% of total exports. The second position in the ranking was held by Nigeria ($X), with a 6.3% share of total exports. It was followed by Australia, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+1.9% per year) and Australia (+8.4% per year).

Export Prices by Country

The average export price for iron or steel doors, thresholds for doors and windows stood at $X per unit in 2022, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. 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 destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2022, supplies from abroad of iron or steel doors, thresholds for doors and windows decreased by -4% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 17% against the previous year. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of iron or steel doors, thresholds for doors and windows dropped to $X in 2022. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when imports increased by 28% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), Germany (X units) and South Korea (X units) were the main suppliers of imports of iron or steel doors, thresholds for doors and windows to China, with a combined 69% share of total imports. Japan, Norway, the Netherlands, Poland, Finland, Vietnam and France lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +7.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest iron or steel window and door suppliers to China were Italy ($X), Germany ($X) and South Korea ($X), together accounting for 51% of total imports. These countries were followed by Japan, Norway, Finland, the Netherlands, Poland, Vietnam and France, which together accounted for a further 32%.

Poland, with a CAGR of +17.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for iron or steel doors, thresholds for doors and windows amounted to $X per unit, dropping by -9.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 13%. As a result, import price attained the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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