South-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 South-Eastern Asia

The Southeast Asian market for iron or steel doors, thresholds for doors and windows rose modestly to $X in 2022, growing by 3.5% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -11.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of iron or steel doors, thresholds for doors and windows stood at $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 -6.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 35% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in South-Eastern Asia

Exports of iron or steel doors, thresholds for doors and windows skyrocketed to X units in 2022, picking up by 52% compared with 2021. Over the period under review, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of iron or steel doors, thresholds for doors and windows skyrocketed to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +88.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 44% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Thailand (X units) represented the main exporter of iron or steel doors, thresholds for doors and windows, generating 46% of total exports. Vietnam (X units) took the second position in the ranking, followed by Malaysia (X units) and Singapore (X units). All these countries together took near 54% share of total exports.

Thailand was also the fastest-growing in terms of the iron or steel doors, thresholds for doors and windows exports, with a CAGR of +40.9% from 2012 to 2022. At the same time, Vietnam (+24.4%) and Singapore (+5.9%) displayed positive paces of growth. By contrast, Malaysia (-1.3%) illustrated a downward trend over the same period. While the share of Thailand (+42 p.p.) and Vietnam (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-6 p.p.) and Malaysia (-46.1 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) emerged as the largest iron or steel window and door supplier in South-Eastern Asia, comprising 46% of total exports. The second position in the ranking was held by Malaysia ($X), with a 23% share of total exports. It was followed by Vietnam, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled +32.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-2.5% per year) and Vietnam (+13.8% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, dropping by -13.4% against the previous year. Overall, the export price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when the export price increased by 19%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Malaysia ($X per unit) and Singapore ($X per unit), while Vietnam ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-1.1%), while the other leaders experienced a decline in the export price figures.

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

Imports in South-Eastern Asia

In 2022, purchases abroad of iron or steel doors, thresholds for doors and windows decreased by -1.4% to X units, falling for the fifth year in a row after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 67%. Over the period under review, imports of reached the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel doors, thresholds for doors and windows surged to $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 30%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Singapore (X units), distantly followed by Indonesia (X units), Vietnam (X units), Cambodia (X units), Malaysia (X units), the Philippines (X units), Myanmar (X units), Lao People's Democratic Republic (X units) and Thailand (X units) represented the major importers of iron or steel doors, thresholds for doors and windows, together generating 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +34.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported iron or steel doors, thresholds for doors and windows in South-Eastern Asia, comprising 36% of total imports. The second position in the ranking was held by Indonesia ($X), with a 12% share of total imports. It was followed by the Philippines, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at +3.1%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+12.6% per year) and the Philippines (+7.2% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, jumping by 22% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +94.1% against 2018 indices. The pace of growth was the most pronounced in 2019 when the import price increased by 37% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+21.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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