Eastern Asia: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2024

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

The East Asian market for iron or steel doors, thresholds for doors and windows stood at $X in 2022, picking up by 4.4% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 -4.2% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of iron or steel doors, thresholds for doors and windows reached $X in 2022 estimated in export price. The total production indicated a buoyant expansion 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, production decreased by -3.6% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 31% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in Eastern Asia

In 2022, exports of iron or steel doors, thresholds for doors and windows in Eastern Asia declined to X units, therefore, remained relatively stable against the year before. Overall, exports recorded a pronounced reduction. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. Over the period under review, the exports of hit record highs 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 +1.8% 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 when exports increased by 22% against the previous year. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

China (X units) represented roughly 97% of total exports in 2022.

China was also the fastest-growing in terms of the iron or steel doors, thresholds for doors and windows exports, with a CAGR of -2.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest iron or steel window and door supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China totaled +2.0%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, increasing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.5% per year.

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

Imports in Eastern Asia

In 2022, purchases abroad of iron or steel doors, thresholds for doors and windows increased by 10% to X units, rising for the second year in a row after four years of decline. Over the period under review, imports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 19%. Over the period under review, imports of reached the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel doors, thresholds for doors and windows reached $X in 2022. In general, imports, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2014 with an increase of 10%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Hong Kong SAR (X units) represented the main importer of iron or steel doors, thresholds for doors and windows, constituting 45% of total imports. It was distantly followed by South Korea (X units), Japan (X units), China (X units), Macao SAR (X units) and Taiwan (Chinese) (X units), together creating a 55% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to iron or steel window and door imports into Hong Kong SAR stood at -1.1%. At the same time, South Korea (+7.1%), Macao SAR (+5.6%) and Taiwan (Chinese) (+1.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +7.1% from 2012-2022. By contrast, Japan (-6.8%) and China (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Macao SAR, Hong Kong SAR and Taiwan (Chinese) increased by +10, +4.5, +3 and +1.9 percentage points, respectively.

In value terms, the largest iron or steel window and door importing markets in Eastern Asia were China ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined 76% share of total imports. Japan, Taiwan (Chinese) and Macao SAR lagged somewhat behind, together comprising a further 24%.

Macao SAR, with a CAGR of +11.5%, 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 Eastern Asia amounted to $X per unit, with a decrease of -7.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 20%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :