India: 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 India

The Indian market for iron or steel doors, thresholds for doors and windows rose rapidly to $X in 2022, increasing by 5.9% against the previous year. Over the period under review, consumption posted a resilient expansion. Over the period under review, the market reached the peak level 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 India

In value terms, production of iron or steel doors, thresholds for doors and windows stood at $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29% against the previous year. Production of peaked 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 India

In 2022, after three years of growth, there was significant decline in overseas shipments of iron or steel doors, thresholds for doors and windows, when their volume decreased by -8.7% to X units. Over the period under review, exports showed a pronounced descent. The pace of growth was the most pronounced in 2021 when exports increased by 121%. 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 dropped to $X in 2022. Overall, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.4% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Kenya (X units), the United Arab Emirates (X units) and Nepal (X units) were the main destinations of exports of iron or steel doors, thresholds for doors and windows from India, with a combined 42% share of total exports. These countries were followed by Bhutan, Qatar, Ghana, the United States, Mauritius, Nigeria, Saudi Arabia, Tanzania, Singapore and Kuwait, which together accounted for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Bhutan (with a CAGR of +70.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel window and door exported from India were Nepal ($X), Ghana ($X) and Bhutan ($X), together comprising 23% of total exports. Kenya, Qatar, Nigeria, Saudi Arabia, the United Arab Emirates, Mauritius, the United States, Singapore, Tanzania and Kuwait lagged somewhat behind, together comprising a further 42%.

Mauritius, with a CAGR of +191.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, standing approx. at the previous year. Overall, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 67%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Kenya ($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 Saudi Arabia (+18.9%), 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 India

In 2022, the amount of iron or steel doors, thresholds for doors and windows imported into India surged to X units, increasing by 52% on the previous year's figure. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 85%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of iron or steel doors, thresholds for doors and windows surged to $X in 2022. In general, imports, however, showed a slight shrinkage. The growth pace was the most rapid in 2018 when imports increased by 47%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of iron or steel window and door to India, accounting for a 72% share of total imports. Moreover, imports of iron or steel doors, thresholds for doors and windows from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold. South Korea (X units) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+29.6% per year) and South Korea (-10.9% per year).

In value terms, China ($X), Malaysia ($X) and Germany ($X) were the largest iron or steel window and door suppliers to India, together accounting for 88% of total imports.

Malaysia, with a CAGR of +28.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for iron or steel doors, thresholds for doors and windows stood at $X per unit in 2022, waning by -5% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2014 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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