Southern Asia: Wooden Door Market 2024

Wooden Door Market Size in Southern Asia

In 2021, after six years of growth, there was significant decline in the South Asian wooden door market, when its value decreased by -6.2% to $X. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +70.5% against 2014 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Wooden Door Production in Southern Asia

In value terms, wooden door production fell to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.0% against 2014 indices. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, production reached the peak level of $X, and then fell in the following year.

Wooden Door Exports

Exports in Southern Asia

Wooden door exports expanded sharply to X units in 2021, growing by 15% compared with 2020 figures. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 83% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, wooden door exports rose significantly to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 55%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India dominates exports structure, recording X units, which was approx. 94% of total exports in 2021. Pakistan (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the doors and their frames and thresholds of wood exports, with a CAGR of +17.1% from 2012 to 2021. Pakistan (-5.4%) illustrated a downward trend over the same period. While the share of India (+21 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Pakistan (-17.3 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest wooden door supplier in Southern Asia, comprising 89% of total exports. The second position in the ranking was held by Pakistan ($X), with an 8.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India stood at +10.5%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, which is down by -3.8% against the previous year. Over the period under review, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2015 when the export price increased by 31%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Pakistan ($X per unit), while India amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+3.8%).

Wooden Door Imports

Imports in Southern Asia

In 2021, after two years of decline, there was growth in purchases abroad of doors and their frames and thresholds of wood, when their volume increased by 0.8% to X units. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 69% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden door imports rose rapidly to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

India represented the major importing country with an import of about X units, which accounted for 55% of total imports. Nepal (X units) took the second position in the ranking, distantly followed by Maldives (X units) and Sri Lanka (X units). All these countries together took near 39% share of total imports. Pakistan (X units) took a minor share of total imports.

Imports into India increased at an average annual rate of +1.5% from 2012 to 2021. At the same time, Nepal (+33.0%), Sri Lanka (+30.7%), Pakistan (+16.4%) and Maldives (+5.5%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +33.0% from 2012-2021. Nepal (+18 p.p.), Sri Lanka (+4.7 p.p.) and Pakistan (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -18% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported doors and their frames and thresholds of wood in Southern Asia, comprising 46% of total imports. The second position in the ranking was held by Maldives ($X), with a 22% share of total imports. It was followed by Nepal, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in India stood at -4.4%. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (+5.4% per year) and Nepal (+32.0% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, increasing by 13% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 when the import price increased by 29% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Sri Lanka ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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